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Tag Archives: money
The Old Songs
The Old Songs What if the fun and games of 2017 are over? The hidden message behind the sexual harassment freak show of recent weeks is that nothing else is sufficiently serious to occupy the nation’s attention. We’re living in the Year of Suspended Reality, stuck in the sideshow and missing the three-ring circus next […]
How Uncle Sam Inflates Away Your Life
How Uncle Sam Inflates Away Your Life “Inflation is always and everywhere a monetary phenomenon,” once remarked economist and Nobel Prize recipient Milton Friedman. He likely meant that inflation is the more rapid increase in the supply of money relative to the output of goods and services which money is traded for. As more and […]
Cryptos May Destabilise Fiat
CRYPTOS MAY DESTABILISE FIAT The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is firmly […]
Mideast Turmoil: Follow the Oil, Follow the Money
Mideast Turmoil: Follow the Oil, Follow the Money In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase […]
The Promise of Fiscal Money
Nur Photo/Getty Images The Promise of Fiscal Money One of the few remaining sacred cows of Western capitalism is the independence of central banks from elected governments. But in an age when fiscal policy has become an essential factor in determining the quantity of money lubricating the system, an independent monetary authority no longer makes […]
Weekly Commentary: “Money” on the Move
Weekly Commentary: “Money” on the Move It’s been awhile since I’ve used this terminology. But global markets this week recalled the old “Bubble in Search of a Pin.” It’s too early of course to call an end to the great global financial Bubble. But suddenly, right when everything looked so wonderful, there are indication of […]
Is Funding About Money?
IS FUNDING ABOUT MONEY? A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding is not about money as such but about real savings. Note that various tools and machinery or the infrastructure that people have created is for only one purpose and […]
Ron Paul: We Are Reaching A Point Of No Return
Ron Paul: We Are Reaching A Point Of No Return When the system will break no matter what the Fed tries Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. Dr. Paul served as the US Representative for Texas’s […]
We Live in Revolutionary Times
We Live in Revolutionary Times Pluto takes 248 years to orbit the sun. The most recent, and perhaps most important, network challenge to hierarchy comes with the advent of virtual currencies and payment systems like Bitcoin. Since ancient times, states have reaped considerable benefits from monopolizing or at least regulating the money created within their […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
How The Elite Dominate The World – Part 4: They Buy Politicians, And Incumbents Almost Always Win
How The Elite Dominate The World – Part 4: They Buy Politicians, And Incumbents Almost Always Win Once we wake up to how the game is being played, then we will have a real shot at changing things. For decades, the elite have been pulling the strings behind the scenes in both major political parties. […]
Low Interest Rates Subsidize Wealthy Households
Low Interest Rates Subsidize Wealthy Households When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]
Krugman and the “Heroic” Fed
Krugman and the “Heroic” Fed Once an avid reader of Paul Krugman’s New York Times twice-weekly columns, I admit to rarely even glancing at his work now, since I know that anything he writes is going to have the theme of “Trump evil, Democrats good” each time, and it doesn’t take long to get one’s […]
Bitcoin: A Tower of Monetary Babel
Bitcoin: A Tower of Monetary Babel The promoters of crypto currencies have gushingly touted them as the mechanism by which the present central banking cabal and the system of nation states which derive much of their power from will be brought down and replaced by digital money. Despite their meteoric rise as speculative “assets,” there are […]
Fed Confused About What Drives Inflation
FED CONFUSED ABOUT WHAT DRIVES INFLATION On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed policy makers do not have a reliable theory of what drives inflation. According to Tarullo, central bankers should pay less attention to theoretical models and […]
