Is deleveraging bad for the economy?
byTake for instance company X, which has equity of $200. The company borrows $800 and buys an asset worth $1000. In this example we…
Opponents of gold, get on your mark
byA good article from Brian Domitrovic on Forbes.com: Let’s face it – we’ve seen what arbitrary government control and central bank manipulation can do….
The Keynesian ant heap
byIn a recent op-ed in the Globe & Mail, Davos Man’s indefatigable mouthpiece for failed, mainstream thinking, Martin Wolf, passed the following verdict on…
Bandits with begging bowls
byA recent CNBC article by Catherine Boyle has some classic quotes from Sean Corrigan: The euro zone’s banks, seen by many as the source…
Bank recapitalization will make euro crisis worse
byEurozone leaders ordered their banks to raise additional capital last week to prepare for a partial Greek default. The continent’s banking industry didn’t yet…
Inflation and German sensibilities
byAngela Merkel told the German Bundestag last Wednesday that in the absence of a deal on the eurozone debt crisis, “Nobody should take for…
Europe’s future is coming into focus: hyperinflation
byAs you know, my expectations were low to begin with. I did not expect the EU summit on the debt crisis to provide a…
US money supply growing fast
byThis article was previously published at GoldMoney.com. For an explanation of the different Austrian measures of the money supply (AMS, TMS, and MA), see…
Reasons to support sound money
bySpeech 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…
GoldMoney Q&A with Sean Corrigan
byPreviously published at GoldMoney.com … What would you like to see as a solution – albeit perhaps imperfect – to the Greek debt situation?…