America: A threat to liberty?
“Politics, as hopeful men practice it in the world, consists mainly of the delusion that a change in form is a change in substance,”…
Detlev Schlichter
Detlev S. Schlichter is a writer and Austrian School economist. He had a 19-year career in financial markets as a derivatives trader and investment manager during which he worked for J.P. Morgan, Merrill Lynch and Western Asset Management. In 2009 he resigned from a senior position in the City of London to focus exclusively on his first book, <a href="http://www.amazon.co.uk/gp/product/1118095758/ref=as_li_ss_tl?ie=UTF8&tag=thecobcen-21&linkCode=as2&camp=1634&creative=19450&creativeASIN=1118095758"><i>Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown</i></a>.
Some personal thoughts on surviving the monetary meltdown
Let us start by looking at the economy from 10,000 feet above: After 40 years of boozing on easy money and feasting on fantastical…
Contra Richard Koo and the Keynesians: it is not about ‘aggregate demand’ but about real prices
I do not want to waste your time and my energy with shooting down misguided Keynesian schemes all the time, schemes that have been…
All power to the state! – money madness at the IMF
You cannot escape an all-pervasive sense of crisis these days. Impending doom does not only announce itself in actual events but also via the…
“But there is no inflation!” – Misconceptions about the debasement of money
“But there is no inflation!” – This is a statement I hear quite often, sometimes from people who are, in principle, sympathetic to my…
We are on the road to serfdom
We are now five years into the Great Fiat Money Endgame and our freedom is increasingly under attack from the state, liberty’s eternal enemy….
The fallacy of nominal GDP targeting
In a truly remarkable piece for the Financial Times yesterday, Wolfgang Münchau took another swipe at the Euro-sceptic and ECB-critical community in Germany, which he accuses…
Stimulus, to infinity and beyond
There was a beautiful symmetry to last week’s policy announcement by the Fed. Precisely a week after the ECB had pledged its commitment to…
Draghi: ECB to counter ‘unfounded fears’ with unlimited cash
Yesterday, the ECB pronounced itself the official lender-of-last resort to all Euro-Zone governments. To assure that the state can always borrow at conveniently low…
U.S. Republicans introduce gold standard debate – mainstream media go mental
I am not holding my breath over the Republicans’ plans for another gold commission to investigate the possibility of returning the USA to a…