Chapter 3: How Money Works Today: A Summary.
byThis chapter summarises how money works today. For convenience’s sake, there will be some repetition of material covered elsewhere. Founded on debt rented…
Sustainable government debt – an old idea refreshed
byNew research from the Peterson Institute suggests bond yields may fall once more Demographic forces and unfunded state liabilities point to an inevitable…
Outrageous fortune
by“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC ? That gives me…
Why monetary easing will fail
byThe major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central…
The Difference between Money Supply & Liquidity
byThe US debt ceiling suspension, signed on February 2018, expires in March this year. According to some experts, the US Treasury will have to…
Chapter 4: Early Days.
byThe situation we are in today has evolved over many centuries. Economists had plenty of time and opportunity to comment – and comment…
Why is savings not about money?
byConventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays, implying that saving is…
A world of debt – where are the risks?
byPrivate debt has been the main source of rising debt to GDP ratios since 2008 Advanced economies have led the trend Emerging market…
Chapter 2: Laws That Make Robbery Legal.
byA law can be anything from an attempt to establish justice on earth to a device for robbery and murder.[1] Nazi race law…
The Dangers of Negative Interest Rates and a Cashless Economy
byThe recent gyrations in the stock market and the uncertainties surrounding American trade policies with China and other parts of the world have raised…