Why We Need a Free Market in Money
What is fiat money and what does it do? This is essential to understand since todayâs worldwide unbacked paper, or âfiat,â money regime is an…
Inflation and Marxism
âLenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currencyâĤ.Lenin was certainly right. There…
Governments Have Crippled the World’s Economies. Revolution May Soon Follow.
The world seems to be on fire. A couple of months ago, the economic upswing was still firmly established, production expanded, and unemployment was…
Central banks have done nothing to put an end to the boom-and-bust cycle
At the 2020 World Economic Forum in Davos, Bob Prince, co-chief investment officer at Bridgewater Associates, attracted attention when he suggested in a news…
The Disaster of Negative Interest Policy
Those who had hoped that things could not get worse with the monetary policy of the European Central Bank (ECB) have been proven wrong….
Being and Time (and central banks)
People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available…
Deutsche Bank’s Troubles Raise Worries About the Future of the Euro Zone
The euro banking sector is huge: In April 2018, its total balance sheet amounted to 30.9 trillion euro, accounting for 268 per cent of…
How Central Banks Stoke Stock Prices
Reading through Security Analysis, the roadmap for investing first published in 1934 by Benjamin Graham and David L. Dodd, I learned something quite interesting: The basis…
Central Banks Put a Safety Net Under Financial Markets
Most early business cycle indicators suggest that the global economy is pretty much roaring ahead. Production and employment are rising. Firms keep investing and…
The Fed’s Great Unwind: Will It Sink Us?
In the eyes of many people, the Federal Reserve (Fed) is an indispensable institution. We are told it supports growth and employment, fends off…