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…
CHAPTER ONE: The Money Supply: How it Came to be Created by Banks.
byThe most important fact in economics today goes unmentioned by most economists and bankers: money is created as debt from banks, and it…
Benn Steil: Trump’s Tariffs Are Killing American Steel
by“Our Steel Industry is the talk of the World,” President Trump tweeted in September. “It has been given new life, and is thriving.” Yet nearly…