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Tag Archives: money
The Rise of the Oligarchs
The Rise of the Oligarchs Empire examines the rise and role of the new oligarchs and the decline of democracy in the United States and beyond. Wealth inequality has risen to stratospheric heights. The statistics, the real statistics, sound like fragments spun off from a madman’s dream. Eighty-five people have as much money as three […]
Forget The $1 Trillion Platinum Coin–Here’s the $10 Trillion Stone Coin
Forget The $1 Trillion Platinum Coin–Here’s the $10 Trillion Stone Coin The point I’m making with the $10 trillion stone coin is that if money is a social contrivance, then it should be distributed to those creating goods and services. You’ve probably heard of the $1 trillion platinum coin proposal: the basic idea is the U.S. Mint issues […]
THE MONEY WARS
THE MONEY WARS At some point in the future, those who have the privilege of writing the history about our present day events will find clever turns of phrase to describe our times. If those future scribes have any inkling of what actually transpired I imagine they will be able to clearly communicate these were […]
Why Does Fiat Money Seemingly Work?
Why Does Fiat Money Seemingly Work? Introducing Money Imagine three men living on a small island. Toni is mining the local salt mine, and apart from him there are Pete the fisherman and Tom the apple grower and their families. They have a barter trading system set up: Toni exchanges his salt for Pete’s fishes […]
The Mainstream Money Mess – three aspects… and what they mean for new money-forms
The Mainstream Money Mess – three aspects… and what they mean for new money-forms Background This article looks at three of the most poisonous aspects of Mainstream Money from the perspective of a currency designer exploring new money-forms: i) the interest on debt – 97% of money issued is created as interest bearing debt with […]
Is It Socialism or Just Failure?
Is It Socialism or Just Failure? It’s all still about Greece, and that makes sense, if nothing else Syriza is a breath if not a tornado of fresh air. But those too pass. The question at the end remains: did anything really change? It’s quite possible, don’t get me wrong, but Tsipras and Vanoufakis are […]
‘Two Percent Inflation’ and The Fed’s Current Mandate
‘Two Percent Inflation’ and The Fed’s Current Mandate Over the last 100 years the Fed has had many mandates and policy changes in its pursuit of becoming the chief central economic planner for the United States. Not only has it pursued this utopian dream of planning the US economy and financing every boondoggle conceivable in […]
When This Ends, Everybody Gets Hurt
When This Ends, Everybody Gets Hurt And the end is uncomfortably close Central banks around the globe have taken us all into unchartered territory, where the possible paths boil down to a binary outcome: either it all works out or it doesn’t. Unfortunately, the ‘it all works out’ outcome has a very low probability of […]
The Currency Illusion
The Currency Illusion QUESTION: I want to share a true story with you. My father as a young boy in Greece saw what gold did for his family. My grandfather in Greece in the late 30′s and 40′s saw the rapid devaluation happening to the drachma. English sovereigns were plentiful there at the time as a […]
Empirical Proof of the Giant Con
Empirical Proof of the Giant Con I want to continue on with my recent focus on the giant con and if you’ve been reading my work lately you’ll certainly know what that is. However, for those of you not familiar with the giant con, it is the idea that our economy is growing when, in fact, […]
Money, Gold and Liberty in 2015 and Beyond
Money, Gold and Liberty in 2015 and Beyond Looking Back at 2014 2014 was quite an eventful year for global markets: Janet Yellen became the new Chairman of the Federal Reserve; we were on the brink of war in Crimea, and Germany won its fourth world cup title. Many countries around the world held elections, […]
Empire v Mere State | Armstrong Economics
Empire v Mere State | Armstrong Economics. QUESTION: Marty, your insight into the failure of Austrian and Keynesian economics was really eye opening. At your conference you said that Adam Smith’s Invisible Hand applied internationally not just domestically. I believe I have reached the level of understanding you have been teaching us. It is indeed global […]
Resource Insights: Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle
Resource Insights: Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle. Greed explained: J. Paul Getty, Aristotle and the Maximum Power Principle Regular readers know I often write about energy, and while this piece may not at first blush seem like an energy story, you’ll soon see that the quest for an ample […]
