For honest money and social progress
From Zero Hedge: https://www.zerohedge.com/markets/morgan-stanley-we-are-approaching-inflection-point-china-policy-easing By Chetan Ahya, Chief Economist and Global Head of Economics at Morgan Stanley The past two months have seen successive…
By Dr Frank Shostak Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government…
We recently wrote about the extraordinary increases in debt financed by seemingly circular transactions between member state borrowing agencies and the ‘Eurosystem’ –the ECB…
The European Central Bank announced a tapering of the repurchase program on September 9. One would imagine that this is a sensible idea given the recent…
By Dr Frank Shostak According to popular thinking, it is held that by means of statistical and mathematical methods one can organize an historical…
The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim…
This is a great conference, I gave a speech there in 2019 and will be giving another this year. It’s very special to give…
By Dr Frank Shostak For most commentators lending is associated with money. However, is this the case? We suggest that a lender lends savings…
A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains…
When the chairman of the Federal Reserve Bank speaks the financial markets listen, and this was no different with Jerome Powell’s virtual address to…