Blind Robbery! How the Fed, Banks and Government Steal Our Money
Editor’s Note: Philipp’s terrific new book “Blind Robbery! How the Fed, Banks and Government Steal Our Money” is now available (Publisher: FinanzBuch Verlag (June…
Review of Mirowskis Never Let a Serious Crisis go to Waste
INTRODUCTION Philip Mirowski, known for his book More heat than light – economics as social physics, physics as nature’s economics in which…
How the paper money experiment will end
A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is…
Today’s wealth destruction is hidden by government debt
Still unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been…
The errors of Keynes
The Austrian School of economics has provided the world with devastating critics of Keynes’s magnum opus The General Theory of Employment, Interest and Money (TGT) for…
The myth of austerity
Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to…
The danger of external debts
Economists and journalists often point to the danger of external public debts — in contrast to internal debts, which are regarded as less troublesome….
Passing the bailout buck
Recently, there has been an intense debate in Europe on the TARGET2 system (Trans-European Automated Real-time Gross Settlement Express Transfer System 2), which is…
Is there no escape from the euro?
As I discussed recently, the costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible? Intuitively,…
The Fed’s swap bailout of the eurozone
On Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and…