Inflation and German sensibilities
Angela Merkel told the German Bundestag last Wednesday that in the absence of a deal on the eurozone debt crisis, “Nobody should take for…
Read MoreOctober, 2011
Europe’s future is coming into focus: hyperinflation
As you know, my expectations were low to begin with. I did not expect the EU summit on the debt crisis to provide a…
Read More
US money supply growing fast
This article was previously published at GoldMoney.com. For an explanation of the different Austrian measures of the money supply (AMS, TMS, and MA), see…
Read MoreReasons to support sound money
Speech to the Committee for Monetary Research and Education At the Fall Meeting, 20th October 2011. Before addressing the consequences of today’s macro-economic policies…
Read MoreGoldMoney Q&A with Sean Corrigan
Previously published at GoldMoney.com … What would you like to see as a solution – albeit perhaps imperfect – to the Greek debt situation?…
Read MoreRobot judges and the watched pot
“Gold – a six thousand year-old bubble” – Headline of an FT piece from 2009 by Willem Buiter. There are still reasons to like…
Read MoreZeroHedge interviews Sean Corrigan
Previously published at ZeroHedge … 1. Q1 EFSF. We here at ZeroHedge have labelled the EFSF as an off balance sheet CDO, whose purpose…
Read MoreThe inflationist view of history
This chapter from Human Action is spot on for today: Part 4, Chapter XVII. INDIRECT EXCHANGE 18. The Inflationist View of History A very…
Read MoreThe circular flow of income fallacy
At the Tory Party Conference, the Prime Minister said: The only way out of a debt crisis is to pay off your debts. That’s…
Read MoreBig Trouble in Little China
Despite the general relief which greeted the release of China’s GDP data for the third quarter, as well as the still resilient industrial production…
Read More