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The Bulletin: August 20-26, 2025
The Bulletin: August 20-26, 2025 This past week’s articles of interest… CLICK HERE If you’re new to my writing, check out this overview. The Machine that Is Eating the Earth – by David Haggith Global Nuclear Power Hits Record High as Asia Surges Ahead | OilPrice.com Why Oil Prices Don’t Rise To Consistently High […]
Today’s Contemplation: Collapse Cometh XCVIII–‘Inevitable’ Growth: Helping To Keep the Profiteer Gravy Train Pumping
Today’s Contemplation: Collapse Cometh XCVIII February 7, 2023 (original posting date) Monte Alban, Mexico. (1988) Photo by author. ‘Inevitable’ Growth: Helping To Keep the Profiteer Gravy Train Pumping The following are two brief comments (followed by a couple of shorter responses to others) I put out on one of my town’s FB pages regarding the ongoing conversation/debate […]
What Happens When There’s Nobody Left to Save Us?
What Happens When There’s Nobody Left to Save Us? Passively waiting for centralized powers to “save us” from their own excesses is not a solution. It’s no exaggeration to say that our way of life depends on somebody somewhere saving us from the excesses that are the bedrock of our way of life. What excesses, you […]
Record Global Debt: A Ticking Time Bomb for the World Economy
Record Global Debt: A Ticking Time Bomb for the World Economy The relentless increase in global debt is an enormous problem for the economy. Public deficits are neither reserves for the private sector nor a tool for growth. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing […]
The Era of Easy Money Ruined Us
The Era of Easy Money Ruined Us The rot caused by easy money will only become fully visible when the hollowed out institutions start collapsing under the weight of incompetence, debt and hubris. We have yet to reach a full reckoning of the consequences of the era of easy money, but it’s abundantly clear that […]
The schizophrenic understanding of money in economics
The schizophrenic understanding of money in economics One of the great ironies of economics is that, while the public regards economists as experts on money, the issue of how money is created is still not settled within economics. In 2014, the Bank of England published a landmark paper explicitly rejecting the textbook model of money […]
Inflation Lowered By Investment In “Intangible Goods”
Inflation Lowered By Investment In “Intangible Goods” Inflation ahead will be contained in certain sectors of the economy. How much inflation we see is still up in the air. From a Main Street perspective, people and businesses are saying that inflation is here to stay and is not a short-lived or transient issue. Still, it […]
Welcome to the age of cuts
Welcome to the age of cuts The UK government faced a barrage of criticism over its National Insurance hike this week. The tax – which theoretically pays for public services, pensions, and benefits – was in creased last autumn, before the political class became aware of the massive increase in gas and electricity prices coming later this year. However, […]
ECB v Fed
ECB v Fed QUESTION: Martin, You mentioned in a recent blog post that the ECB, unlike the FED, can go bankrupt. Can you explain further? Not sure where you get the time, energy and resources to research and write all that you do buy it is truly amazing. Regards, M ANSWER: The Federal Reserve does not need […]
Do Banks Require Savings to Accommodate Demand for Lending?
DO BANKS REQUIRE SAVINGS TO ACCOMMODATE DEMAND FOR LENDING? There is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion of money. This way of thinking is promoted these days by the followers of the post Keynesian school of economics (PK).[1] In a […]
The Silver Series: The Start of A New Gold-Silver Cycle (Part 1 of 3)
The Silver Series: The Start of A New Gold-Silver Cycle (Part 1 of 3) The world has experienced a decade of growth fueled by record-low interest rates, a burgeoning money supply, and historic debt levels – but the good times only last so long. As the global economy slows and eventually begins to retract, can […]
Is The Fed Trying To Sabotage Trump’s Re-Election?
Is The Fed Trying To Sabotage Trump’s Re-Election? William Dudley is encouraging the Fed to prevent Trump’s re-election. Imagine an organization that can grow an economy as fast it can destroy it. This institution can make presidents kings and then transform them into court jesters. The smartest men in a room situated on 2051 Constitution Ave can […]
MMT Is a Recipe for Revolution
MMT Is a Recipe for Revolution Historian Stephen Mihm recently argued that based on his reading of the monetary system of colonial Massachusetts, modern monetary theory (MMT), which he cheekily referred to as PMT (Puritan monetary theory), “worked — up to a point.” One can forgive him for misunderstanding America’s colonial monetary system, which was so much […]
Chapter 6: American, Won and Lost
CHAPTER 6: AMERICA, WON AND LOST. After the United States gained its independence from Britain, it became powerful in the world in two very different ways: as an idea, and as a reality. ‘America the idea’ is a land of freedom and democracy, equality and opportunity, promoting these aspirations and values across the world. ‘America […]
