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Why Monetary Easing Will Fail

WHY MONETARY EASING WILL FAIL The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks. The same old tired, failing inflationist responses are being lined up, despite the evidence that monetary easing has never stopped a credit crisis developing. This […]

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How Gibson’s paradox has been buried

How Gibson’s paradox has been buried Until the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as commonly believed. However, since then, the statistics say this is no longer the case, and bond yields are increasingly influenced by the rate of price […]

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Further Thoughts on Gibson’s Paradox

FURTHER THOUGHTS ON GIBSON’S PARADOX  “The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes “The Gibson paradox remains an empirical phenomenon without a theoretical explanation” -Friedman and Schwartz “No problem in economics has been more hotly debated.” – Irving Fisher Introduction Two […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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