Bank recapitalization will make euro crisis worse
byEurozone leaders ordered their banks to raise additional capital last week to prepare for a partial Greek default. The continent’s banking industry didn’t yet…
Inflation and German sensibilities
byAngela Merkel told the German Bundestag last Wednesday that in the absence of a deal on the eurozone debt crisis, “Nobody should take for…
Europe’s future is coming into focus: hyperinflation
byAs you know, my expectations were low to begin with. I did not expect the EU summit on the debt crisis to provide a…
US money supply growing fast
byThis article was previously published at GoldMoney.com. For an explanation of the different Austrian measures of the money supply (AMS, TMS, and MA), see…
Reasons to support sound money
bySpeech to the Committee for Monetary Research and Education At the Fall Meeting, 20th October 2011. Before addressing the consequences of today’s macro-economic policies…
GoldMoney Q&A with Sean Corrigan
byPreviously published at GoldMoney.com … What would you like to see as a solution – albeit perhaps imperfect – to the Greek debt situation?…
Robot judges and the watched pot
by“Gold – a six thousand year-old bubble” – Headline of an FT piece from 2009 by Willem Buiter. There are still reasons to like…
ZeroHedge interviews Sean Corrigan
byPreviously published at ZeroHedge … 1. Q1 EFSF. We here at ZeroHedge have labelled the EFSF as an off balance sheet CDO, whose purpose…
The inflationist view of history
byThis chapter from Human Action is spot on for today: Part 4, Chapter XVII. INDIRECT EXCHANGE 18. The Inflationist View of History A very…
The circular flow of income fallacy
byAt the Tory Party Conference, the Prime Minister said: The only way out of a debt crisis is to pay off your debts. That’s…