High Tech Guru George Gilder Demolishes A Critical Myth About The Gold Standard
byWhat if the gold standard is not an antique but, rather, a “timeless classic” (as termed in a speech by Bundesbank President Jens Weidmann in September…
Money
THERE’S Your Hyperinflation!
byHyperinflation is commonly defined as rapidly rising prices which get out of control. For example, the Wikipedia entry begins, “In economics, hyperinflation occurs when…
Should Greece loosen its fiscal and monetary stance?
byThe International Monetary Fund (IMF) confirmed that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund. As a result…
A Complete Guide to European Bail-Out Facilities – Part 2: Target2 & EFSF / ESM
by[This is from 2013, first published here http://bawerk.net/2013/09/05/a-complete-guide-to-european-bail-out-facilities-part-2-target2-efsf-esm/] Today we present the Target2-system and the fiscal bail-out facilities in our series on European efforts…
A Complete Guide to European Bail-Out Facilities – Part 1: ECB
by[This is from 2013, first published here http://bawerk.net/2013/09/03/a-complete-guide-to-european-bail-out-facilities-part-1-ecb/] Over the last couple of years we have been tracking the various bail-out schemes concocted by ingenious…
Jim Grant Explains “Our” 3 Biggest Financial Mistakes
byThis piece first appeared at Zero Hedge http://www.zerohedge.com/news/2015-06-27/jim-grant-explains-our-3-biggest-financial-mistakes Submitted by Michael Ide via Valuewalk.com, Speaking at Russell Napier’s Library of Mistakes in Edinburgh earlier this…
Managing trade deficits
byCurrency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece, arguing for…
Money supply and velocity
byMainstream view of what velocity is According to popular thinking the idea of velocity is straightforward. It is held that over any interval of…
Bonds and banks
byThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of…
ECB Excesses
byWith last week’s report of monetary developments in the Eurozone, we again have evidence both of Draghi’s monetary monomania and of the sheer futility…