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Olduvai III: Catacylsm
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The Deflation/Inflation Debate

THE DEFLATION/INFLATION DEBATE  “Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von mises,  The Theory of Money and Credit It is hardly surprising that with equity indices stalling, the financial community is increasingly worried that the long, steady bull market […]

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On Borrowed Time

On Borrowed Time There are a number of things you don’t want to hear a central banker say. One of those things just popped out of Janet Yellen’s mouth – “I don’t believe we will see another financial crisis in our lifetime.” That has to be up there with Irving Fisher’s deathless observation from 17 October […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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