Central Banks and the Problem with Playing God
byToday’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…
Central Banking
How Central Banks Created a $250 Trillion Global Debt Bubble
byWe created this animation a couple of years ago which we have used in various settings. Feel free to forward around as a brief…
The Fed Is Planning Another Ultralong Period of Ultralow Rates
byJerome Powell fielded questions from reporters Wednesday, and he made it clear that the Fed is a long, long way from abandoning its current…
Inflation and Marxism
by“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There…
An interesting animation on Rothbard’s theory of the Great Depression
byThis is well worth watching and nicely animates the analysis in Rothbard’s classic “America’s Great Depression”. https://www.youtube.com/watch?v=b0SW3BgwL14
The Social and Economic Side Effects of Negative Interest Rates
byOur world is currently suffering from acute schizophrenia. Banks are pushing impact and sustainable investing like crazy, companies are subordinating their production sites and…
An unexpected systemic crisis is for sure
byDownturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus…
Why the US Economy Is Stronger Than the Eurozone’s
byThe United States is showing resiliency and strength compared with other leading economies worldwide. The impact of the covid-19 forced shutdown crisis is lower in the United States…
Gold and Free Banking versus Central Banking
byIn spite of the officially declared “independence” of the Federal Reserve from the immediate political control of either Congress or the White House, America’s…
Explaining the credit cycle
byThis article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be…