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Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the […]
Bitcoin vs Gold: Peter Schiff vs Max Keiser – Who is Right? Bitcoins the New Beaver Pelts?
Bitcoin vs Gold: Peter Schiff vs Max Keiser – Who is Right? Bitcoins the New Beaver Pelts? A major debate topic came up between Max Keiser and Peter Schiff at the Freedom Fest conference on July 19-22 in Las Vegas.: Bitcoin vs Gold. Max Keiser is a huge proponent of Bitcoin. Peter Schiff says “These digital […]
How Twisted Minds Function
How Twisted Minds Function The economic theories arising out of Australia are both amusing and frightening. In the latest bit of madness, an economist pleads for more inflation, blaming cheap overseas retailers for Australia’s housing bubble. For mocking purposes only, please consider How Cheap Overseas Retailers are Pushing Up House Prices in Australia. “DOWN Down! Prices […]
Central Banks Rethink 2% Inflation Target (In the Wrong Direction of Course)
Central Banks Rethink 2% Inflation Target (In the Wrong Direction of Course) If Central Banks wanted to make a positive impact on the global economy, they would abolish themselves and let the free market set rates. Instead, and after pursuing a 2% inflation target for decades, central bankers now ponder the need for even higher rates […]
Dutch Parliament to Debate Leaving the Eurozone: Nexit on the Way?
Dutch Parliament to Debate Leaving the Eurozone: Nexit on the Way? Potential Eurozone disruption possibilities keep compounding. The Netherlands Parliament will now debate leaving the Eurozone. For example, the Netherlands Parliament will now debate leaving the Eurozone. In long-winded wording for a potential “Nexit”, Reutersreports Dutch relations with euro up for debate after lawmakers commission probe The Netherlands’ future […]
Time to Panic in Australia
Time to Panic in Australia Australians’ private debt has soared to 187 per cent of their income. Debt is up from about 70 per cent in the early 1990s. The jobless rate rose for the second straight month in December to 5.8 per cent, and underemployment, the number of workers wanting more hours, is near an […]
Italy Increasingly Likely to Abandon the Euro
Italy Increasingly Likely to Abandon the Euro An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country. The only missing ingredient is an early election. And early elections are now the odds-on favorite. Let’s back up a bit to fill in the pieces as to how […]
Superhero Snowden Trashed In Absurd WSJ Op-Ed
Superhero Snowden Trashed In Absurd WSJ Op-Ed Edward Jay Epstein has an op-ed in the Wall Street journal promoting his new book “How America Lost Its Secrets: Edward Snowden, the Man and the Theft”. Epstein discusses the Fable of Edward Snowden At the forefront of Epstein’s claims is the fact that Snowden lied. “As he seeks a […]
