ToP of the BoPs
byOver the past four decades the global economy has largely experienced prolonged imbalances, with countries running large current account deficits in symbiotic relationships with…
deflation
Japan’s easy money tsunami
byThe Bank of Japan has embarked on one of the most inflationary policies ever undertaken. Pledging to inject $1.4 trillion dollars into the economy over the…
The case against deflation
byRegular readers will know I am in the inflation, possibly hyperinflation camp; but there are those that think the future is more likely to…
The rise of the money cranks
byIt’s official: global economic policy is now firmly in the hands of money cranks. The lesson from the events of 2007-2008 should have been…
Debt addiction, USA: how much debt reduction has the crisis caused?
byThe purpose of this essay is to put the latest crisis in the context of longer-term debt trends in the US and to attempt…
The deflationary spiral bogey
byWhat is deflation? According to dictionary.com, it is “a fall in the general price level or a contraction of credit and available money.” Falling prices….
Incredible confusions Part 1: ‘Positive Money’ and the fallacy of the need for a state money producer
byI am usually inclined to encourage the inquiry of the fundamental aspects of money and banking. This is because I tend to believe that…
Why Japan should not fight deflation
byOn January 22, 2013 policy makers of the Bank of Japan (BOJ) voted for a 2% inflation target, to be achieved “at the earliest…
Mish Shedlock’s case for deflation
byEpisode 91: GoldMoney’s Andy Duncan speaks to Mike “Mish” Shedlock about the entire global financial situation, but particularly focusing upon the debate between those who…
Where to from here?
byWe face one of the deepest crises in history. A prognosis for the economic future requires a deepening of the concepts of inflation and…