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Tag Archives: money
Wrong for a different reason
Wrong for a different reason Alexandria Ocasio-Cortez – A well-meaning but not particularly bright left-leaning US politician – made a stir earlier this week by wearing a figure-hugging dress emblazoned with the slogan “Tax the Rich” to the prestigious 2021 Met Gala. Since the slogan was clearly political, it wasn’t long before the various political […]
Gold Standard and Boom Bust Cycles
GOLD STANDARD AND BOOM BUST CYCLES According to the Austrian Business Cycle Theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate. It is held that the major cause for this deviation is increases in the money supply. Based […]
Governments to Control What You Are Allowed to Buy
Governments to Control What You Are Allowed to Buy People are unaware that this drive of central banks to replace paper money with cryptocurrency is far more than they will ever comprehend as an end goal. Aside from the fact that governments could then impose a negative interest rate effectively confiscating money from your account […]
Too Much Money Chasing Too Few Goods and Services
Too Much Money Chasing Too Few Goods and Services Inflation can be considered a tax, an especially regressive one, falling harder on those with lower income and/or assets. As we’ve noted previously, the Federal Reserve’s “M2” monetary aggregate began growing significantly faster than the “GDP” measure of economic output in the United States beginning around 2008, […]
Myth #22: Nate Hagens discredits claim “We Can Always Get More Resources If We Have More Money”
Myth #22: Nate Hagens discredits claim “We Can Always Get More Resources If We Have More Money” “We can create money, but we cannot create energy, only extract what exists — FASTER.” “We can create money, but we cannot create energy, only extract what exists — FASTER. And importantly, when money is created the interest is […]
The Real Digital Plot
The Real Digital Plot The move to end paper money and move toward a national cryptocurrency took a major step recently when the House Financial Services Committee task force expressed support for experiments to create a digital cryptocurrency version of the U.S. dollar. They argued that the United States had to keep pace with China, […]
The long history of money
The long history of money We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies. Opposing forces include, as […]
Runaway Money and Overconsumption, or… the Story of Monetary Mischief in Madagascar (Episode 42 of Crazy Town)
Runaway Money and Overconsumption, or… the Story of Monetary Mischief in Madagascar (Episode 42 of Crazy Town) Way back when money consisted of iron pieces, if you wanted to buy a horse or some spices to season your horse meat, you practically had to carry an olympic weightlifting set with you. Early bankers figured out […]
Existential Economic Threats: How U.S. States Can Survive Without Federal Money
Existential Economic Threats: How U.S. States Can Survive Without Federal Money We all knew it was coming; the alternative economic media has been warning about it for years. Eventually, monetary intervention and bailout after bailout by central banks always leads to devaluation of the currency and inflation in prices. Helicopter money always ends in disaster […]
A dangerous misunderstanding
A dangerous misunderstanding How much money should there be in the world? It is an interesting question; to which, at any time, there is a correct answer that is unknown to anyone. It is the amount at which money is able to perfectly perform its two key functions – being a medium of exchange and a store of value. […]
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.” Two weeks ago, The IMF reported that […]
War on Cash: The Next Phase
War on Cash: The Next Phase With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash. That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see […]
