The Rise And Fall And Rise And Fall Of King Dollar, Part 2
byAs stated in the preceding column, here, eminent labor economist Jared Bernstein recently called, in the New York Times, for the dethroning of “King…
Interview with St. Louis Fed Vice President on Bitcoin
byDr David Andolfatto, who is Vice President of the St. Louis Fed, has been one of the most forward-looking people at central banks around…
The Rise And Fall And Rise And Fall Of King Dollar, Part 1
byThe Wall Street Journal, recently, in The Return of the Greenback, observed that “the resurgent dollar has logged its longest winning streak in 17…
New Normal
byJust over three weeks ago, in his keynote address to the Global Corporocracy at the so-called ‘Summer Davos’ meeting in Tianjin, Li Keqiang firmly…
The velocity myth
byIf there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity…
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
byThe U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were…
A black mark for benchmarks
by“Sir, So Ed Miliband “forgot” to mention the deficit. This from a man who was a key member of the team that ran up…
Does low US price inflation provide room for a more aggressive Fed?
byThe US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said….
From bravery to prosperity: A six-year plan to make scotland the wealthiest anglosphere region of all
by“We look to Scotland for all our ideas of civilisation.” –Voltaire In the face of nearly universal warnings from other nations, including England, the…
Valuing gold and turkey-farming
byToday’s financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost…