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Is the Fall in Prices Bad News?

IS THE FALL IN PRICES BAD NEWS?  Contrary to the popular way of thinking, we suggest that there is nothing wrong with declining prices. What signifies industrial market economy under a commodity money such as gold is that prices of goods follow a declining trend. According to Joseph Salerno, In fact, historically, the natural tendency […]

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Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.)

Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.) The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to […]

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Deflation and the eurozone: why falling prices aren’t always good news

Deflation and the eurozone: why falling prices aren’t always good news As oil prices continue to fall, a strange phenomenon is making its presence felt across Europe: deflation. Familiar in Japan since the 1990s, consistently falling prices for the goods we buy are almost unheard of in Europe, not seen since the grim years of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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