Beware the great unwind
byThis chart strongly suggests that US Treasury bond yields, widely regarded as the risk-free yardstick against which all other credit is measured are going…
The Fed Is Losing Tens of Billions: How Are Individual Federal Reserve Banks Doing?
byThe Federal Reserve System as of the end of July 2023 has accumulated operating losses of $83 billion and, with proper, generally accepted accounting…
The global bank credit crisis
byGlobally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already…
The Real Cost of De-Dollarization
byDespite its current challenges, the US dollar’s status as the world’s main reserve currency remains integral to the multilateral trade system as we know…
Why supply precedes demand?
byIn the market economy, wealth generators do not produce everything for their own consumption. Part of their production is used to exchange for…
Money Blindness and Money Clarity
byInflation erodes economic value and distorts perceptions. People often blame rising prices instead of realizing the problem lies with the currency itself.Joakim Book Last…
Do monopolies cause price inflation?
byBy Dr Frank Shostak The jump in the yearly growth rate of the consumer price index the CPI from 5.4% in June 2021 to…
Economic crisis and high level of debt
byBy Dr Frank Shostak Many economic commentators view debt as a major risk factor as far as economic health is concerned. This way of…
Ex Nihilo: The Truth About Money…. Documentary Released
byThis week we release the Cobden Centre documentary Ex Nihilo: The Truth About Money. We looked at different avenues to release this, and decided…
The best brief in economics I’ve ever read
byDear friends in liberty, I want to tell you about an essay I wrote earlier this year that is suddenly getting a lot of…