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Tag Archives: money
Money As the Greater Depression Deepens
Money As the Greater Depression Deepens We talk a lot in these pages about what to do with one’s money, but I question whether most subscribers (forget about the public at large) have an adequate grasp of the basics. Without it, much of what we say may seem capricious or outlandish, crazy ideas readers tolerate […]
The Declining Interest Rate Cap
The Declining Interest Rate Cap Believe it or not, one of the topics in economics that confuses macroeconomists is the actual role of interest rates. For the most part they just assume that an interest rate is the cost of money, the price of money, or even the transfer of the fruits of production from […]
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder
If We Don’t Change the Way Money Is Created and Distributed, Rising Inequality Will Trigger Social Disorder Centrally issued money optimizes inequality, monopoly, cronyism, stagnation, low social mobility and systemic instability. If we don’t change the way money is created and distributed, wealth inequality will widen to the point of social disorder. Everyone who wants […]
Spend A Little, Live A Lot
Spend A Little, Live A Lot Most people want to live a life of extravagance but their meager paychecks often fall far short of reaching that happy place. As a result they are forced to borrow their way to their imagined happiness causing them great financial stress along the way. People have been sold on the […]
‘Credo’: economics is a belief system – and we are ruled by fundamentalists
‘Credo’: economics is a belief system – and we are ruled by fundamentalists Economics is much more than the study of money, writes Paul Mobbs. It is a belief system, and in its ‘mainstream’ incarnation, one that serves a very useful purpose – for those that reap the benefits. But as Brian Davey shows in […]
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like Back in early 2009, just around the time the Fed announced it would unleash QE1, we warned that any attempt to reflate the debt (a pathway which ultimately leads to hyperinflation as monetary paradrops are the only […]
When Collapse Is Cheaper and More Effective Than Reform
When Collapse Is Cheaper and More Effective Than Reform Collapse begins when real reform becomes impossible. We all know why reforms fail: everyone whose share of the power and money is being crimped by reforms fights back with everything they’ve got. Reforms that can’t be stopped by the outright purchase of politicos are watered down […]
Garbage In Garbage Out Economics
Garbage In Garbage Out Economics “On two occasions I have been asked, “Pray, Mr. Babbage, if you put into the machine the wrong figures, will the right answers come out? …I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question.” – Charles Babbage, Passages from the […]
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting
Money is also Perishable – Debasement & Devaluation Easier than Taxing or Defaulting QUESTION: Martin; Why in the world anyone would invest in government debt when they all default in the end? GH ANSWER: Honestly, most people are oblivious to the fact that government always default in modern times. Jean Baptiste Say took the position that a […]
WAR ON CASH: Banks to start charging for cash deposits
WAR ON CASH: Banks to start charging for cash deposits Few could have envisioned it even just a few years ago, but it’s happening now, and on an ever-widening scale. More big U.S. banks are shunning cash, because the banking system has become so dependent on other “assets” that large cash deposits actually pose a threat […]
Haruhiko Kuroda – The Pressure to “Do More” Rises
Haruhiko Kuroda – The Pressure to “Do More” Rises BoJ Leaves Policy Unchanged, but What Comes Next? The Bank of Japan has employed QE programs since March of 2001 (in February of 2001, it still claimed that “QE will be ineffective” – it was right then, for the last time). These have had no effect […]
The Yield Curve and GDP – a causal relationship?
The Yield Curve and GDP – a causal relationship? One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates falls below shorter dated ones, a recession is not far off. Some would even say that yield curve inversion, or backwardation, help cause the economic contraction. […]
Liam Fox’s Speech to the IEA on Honest Money
Liam Fox’s Speech to the IEA on Honest Money Dr Fox gave his speech on honest money to the IEA last week. The video can also be viewed here: http://www.iea.org.uk/multimedia/video/rt-hon-liam-fox-on-honest-money It is almost universally accepted that the first duty of government is the protection of its citizens. As a former Secretary of State for Defence I […]
Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation
Indians Urged To Give Up Their “Idle Gold” For The Good Of The Nation One month ago, when reviewing India’s ploy to monetize the thousands of tons of gold held by the broader population through the issuance of “gold-backed bonds” (which would need to offer a rate of interest greater than inflation to be attractive […]
