Falling Yield, Rising Asset
byOur monetary system is failing, but explaining that isn’t easy. The most popular argument is that the dollar has falling purchasing power and rising…
The UK Left’s Political Martyrdom: Welcome to the Church of State
byProgressives are a Faithful lot. They live, and die, by a Creed. Welcome to the Church of State. We saw the religiosity at work…
Bank Robbery Chapter Three. Law and the Banking System.
byThe first chapter of this book described how private commercial bankers came to provide almost all of the money supply in the West….
How GDP Metrics Distort Our View of the Economy
by[This piece, by Christopher P. Casey, first appeared at mises.org here https://mises.org/library/how-gdp-metrics-distort-our-view-economy] GDP purports to measure economic activity while largely divorcing itself from the quality, profitability,…
The trouble with cash
byWhen interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions…
Goodbye to all that
by“Funny how bonds were labelled “certificates of confiscation” back in the early 1980’s when yields were 14%. What should we call them now ?”…
Controlling copper and silver prices
byThere is an unwarranted assumption that market prices are always right, and represent “fair value”. In the case of commodities, particularly metals, this is…
More Spending Is Not The Answer To A Slow Economy
byOld fallacies never seem to die, they just fad away to reemerge once again later on. One such fallacy is that if there is…
A Portrait of the Classical Gold Standard
by[This excellent article, by Marcia Christoff-Kurapovna, first appeared here https://mises.org/library/portrait-classical-gold-standard] “The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,”…
Free Trade Benefits Vs. Fears Of Foreign Goods
by[This piece first appeared here http://www.epictimes.com/richardebeling/2015/05/free-trade-benefits-vs-fears-of-foreign-goods/] Japanese Prime Minister Shinzo Abe spoke before a joint session of the U.S. Congress on April 29, 2015 and…