Is the Japanese Low Inflation–Low Interest Rate Model at an End?
The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on…
James Turk’s Book Review of “The Natural Order of Money”
In today’s world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides…
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…