Relation between general decline in prices and wealth
byBy Dr Frank Shostak A general decline in the prices of goods and services is regarded as bad news since it is seen to…
Power Against People: A Christian critique of the State
byIntroduction Ever since that period in European history known as the ‘18th century Enlightenment,’ the idea has firmly taken root in Western culture that…
Inflation, High Inflation, Hyperinflation
byThe word “inflation” is heard and read everywhere these days. However, since different people sometimes have very different understandings of inflation, here is a…
How to Destroy a Pension Fund in 22 Easy Steps
byCEO of Monetary Metals Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in…
Liberalism, True and False
byThe death of liberalism has been hailed or feared for well over a century now. In the United States, the tribal collectivists of identity…
Banking crisis — the Great Unwind
byThere is a growing feeling in markets that a financial crisis of some sort is now on the cards. Credit Suisse’s very public struggles…
Imploding credit — the consequences
byThere is a growing realisation that the world faces a combination of persistent inflation of prices and a recession at the same time. The…
What Does Seasonally Adjusted Mean?
byBy Dr Frank Shostak By popular thinking, it is not always possible to establish the conditions of the economy by just inspecting the data…
Can we ascertain supply – demand curves?
byBy Dr Frank Shostak It is commonly held that the determination of the prices of goods and services can be done by means of…
If America Were Totalitarian, Where Would You Want to Live?
bySuppose that one evening as the sun was setting and dusk was settling in, a strange mist fell over the United States that resulted…