Bawerk.net: China’s Lender of Last Resort Conundrum
byIt took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come…
Donald Trump, The Gold Standard, Maynard Keynes, And Our Madmen In Authority
byJune 5th was is the anniversary of the birth of John Maynard Keynes, once upon a time the great foe of the gold standard….
Blind Robbery! How the Fed, Banks and Government Steal Our Money
byEditor’s Note: Philipp’s terrific new book “Blind Robbery! How the Fed, Banks and Government Steal Our Money” is now available (Publisher: FinanzBuch Verlag (June…
Zero Hedge: US Negative Interest Rate Bets Surge To Record Highs
byAs the “deflationary supernova” sweeps across the world, dragging bond yields to zero-and-beyond, even the almighty omniscent Federal Reserve has been forced to capitulate…
Rationalizing ‘Rational’
byWalter W. Heller was said to have been an “educator of Presidents.” As an economist and Presidential advisor in the inner circles of DC,…
Why output gap is an empty abstraction
byAccording to popular thinking the key cause behind either inflation or deflation is the difference, or the gap, between what an economy is producing…
Safety in (the right) numbers
by“Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode…
A Letter to the Left: The Gold Standard Will Restore Upward Mobility
byAbout a year ago, Stan Sorscher, Labor Representative, Society for Professional Engineering Employees in Aerospace, published a frighteningly important blog at The Huffington Post (where…
Paul Krugman Has Gone Too Far This Time: Let’s Re-Train Him As a Cosmonaut
byI admit it: I have never been a big fan of Paul Krugman. I do not care for his vulgar Keynesianism or his vulgar…
bawerk.net: Tough Choices: Peg or Banking Crisis?
byDuring the reign of the mighty petro-dollar standard, it was necessary for major oil exporters to recycle their dollar holdings back into the dollar-based…