For honest money and social progress
Source: http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake As you’re no doubt aware, the Fed is fond of using the research departments at its various branches to validate policy and…
Last week the Chinese government decided to depreciate its currency on three consecutive occasions. On Thursday the price of the US$ was trading at…
With regard to the vexed issue of the renminbi, let’s focus on the basics. The official response to July’s stock market collapse saw loans…
“Risk is what’s left over when you think you’ve thought of everything.” – Carl Richards. By the time this financial crisis is over, a…
Interest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven…
If you’re an American over a certain age, you remember roller skating rinks (I have no idea if it caught on in other countries)….
I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to…
We now have an explanation for Gibson’s paradox (posted here), a puzzle that has defeated mainstream economists from Fisher to Keynes and Friedman. The…
From Eugen von Böhm-Bawerk’s blog. Source: http://bawerk.net/2015/08/05/that-70s-show-episode-1/ In several articles we have shown how the world changed from the 1970s with the breakdown of the old…
“Bubbles are the only things that matter. The rest of it is boring. You show up for work, markets are at normal levels, and…