For honest money and social progress
Source: http://bawerk.net/2015/12/11/how-peak-debt-constrain-the-fed-from-moving-rates-higher/ We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal…
Most experts are of the view that the massive monetary pumping by the US central bank during the 2008 financial crisis saved the US…
‘BANK ROBBERY’ is not a book about how to rob a bank: it’s about how banks rob us. The title sounds a bit sensationalist:…
INTRODUCTION Philip Mirowski, known for his book More heat than light – economics as social physics, physics as nature’s economics in which…
Source: http://www.zerohedge.com/news/2015-11-02/one-analyst-says-chinas-banking-sector-sitting-3-trillion-neutron-bomb To be sure, we’ve long contended that official data on bad loans at Chinese banks is even less reliable than NBS GDP…
Source: http://davidstockmanscontracorner.com/bernankes-balderdash/ The US and world economies are drifting inexorably into the next recession owing to the deflationary collapse of commodities, capital spending and world…
This chapter is about economics in transition. Economics means literally ‘housekeeping’ and most early writers on economics (roughly speaking before Adam Smith, 1723-90) treated…
There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…
Source: http://bawerk.net/2015/08/22/that-70s-show-episode-3/ In the first episode we showed how the US became an unsustainable service sector based economy from the 1970s onward when service sector employment…
Source: http://bawerk.net/2015/08/15/that-70s-show-episode-2/ In Episode 1 we showed how the US labour market changed dramatically from the 1970s on back of excess money printing which allowed Americans to…