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?…
Robot judges and the watched pot
by“Gold – a six thousand year-old bubble” – Headline of an FT piece from 2009 by Willem Buiter. There are still reasons to like…
ZeroHedge interviews Sean Corrigan
byPreviously published at ZeroHedge … 1. Q1 EFSF. We here at ZeroHedge have labelled the EFSF as an off balance sheet CDO, whose purpose…
The inflationist view of history
byThis chapter from Human Action is spot on for today: Part 4, Chapter XVII. INDIRECT EXCHANGE 18. The Inflationist View of History A very…
The circular flow of income fallacy
byAt the Tory Party Conference, the Prime Minister said: The only way out of a debt crisis is to pay off your debts. That’s…
Big Trouble in Little China
byDespite the general relief which greeted the release of China’s GDP data for the third quarter, as well as the still resilient industrial production…
Unstoppable: why this crisis will keep unfolding
byWhen the tectonic plates underneath society shift, confusion reigns, together with wishful thinking. It appears that financial markets have again managed to get themselves…
The collapse of capitalism
byIt is notable that as the continuing financial crisis (credit crunch, recession, sovereign debt crisis, whatever you will) develops, there are those observers who…