James Turk: The Forgotten Fourth Function of Money & G-SIBs
Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important –…
As Easy Money Crashes, the Political and Legal Effects Appear
In his recent article targeting the collapse of the FTX exchange, Ryan McMaken noted that the easy money regime we have lived under for more…
WHAT’S RIGHT AND WHAT’S WRONG ABOUT THE EXPRESSION “BRITALY”
Source: https://en.irefeurope.org/publications/online-articles/article/whats-right-and-whats-wrong-about-the-expression-britaly/ written by Sergio Beraldo According to The Economist, these turbulent times have completed the transformation of Britain into a new country, characterized by…
The Fed Is Finally Seeing the Magnitude of the Mess It Created
When asked about price inflation in his Sunday interview with 60 Minutes, President Joe Biden claimed that inflation “was up just an inch … hardly…
A Century of Fascism
by James Turk In 1922 Benito Mussolini became prime minister of Italy, putting that country on a path that had global ramifications. He was…
How Long Will This Recession Last?
The most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we’re due for a recession. Last week…
Lessons from History: The Business Cycle
A boom of credit expansion employed to increase output only further hinders the economy’s ability to recover. Cheap credit is not a tool to…
How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
Milton Friedman (1963) argued that “inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only…
How Bad Were Recessions before the Fed? Not as Bad as They Are Now
With a recession looming over the average American, the group to blame is pretty obvious, this group being the central bankers at the Federal…
Even When There Is Inflation, the Fed STILL Fights Falling Prices
Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of…