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Central Bank “Stimulus” is Really a Huge Redistribution Scheme

October 21, 2019

Central Bank “Stimulus” is Really a Huge Redistribution Scheme When an economy turns from expansion to contraction there is an order of events. The first signs are an unexpected increase in inventories of unsold goods, both accompanied with and followed by business surveys indicating a general softening in demand. For monetarists, this is often confirmed […]

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Four Reasons Central Banks are Wrong to Fight Deflation

June 23, 2017

Four Reasons Central Banks are Wrong to Fight Deflation The word “deflation” can be defined in various ways. According to the most widely accepted definition today, deflation is a sustained decrease of the price level. Older authors have often used the expression “deflation” to denote a decreasing money supply, and some contemporary authors use it […]

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Cash Banned, Freedom Gone

April 7, 2016

Cash Banned, Freedom Gone  Some politicians want to ban cash, arguing that cash is helping criminals. The first steps in that direction are the withdrawal of big denomination notes and the limits imposed on cash payments. Proponents of a ban on cash claim that this will help fight criminal transactions — involved in money laundering, terrorism, and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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