For honest money and social progress
[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…
[This piece, by David Stockman, was originally published here http://davidstockmanscontracorner.com/it-is-not-priced-in-stupid/] Among all the mindless blather served up by the talking heads of bubblevision is the…
This coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving…
Make no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency….
With 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…
There appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in…
“Mr Draghi announced this week that the ECB would not buy bonds yielding less than minus 0.2 percent..” – Ralph Atkins for the Financial…
[For the original article, please see here: http://truesinews.com/2015/03/04/money-money-money/] As the title of the blog suggests, we pay close attention to developments in money and…
[You can find the original here http://truesinews.com/2015/02/27/whats-in-a-word/] After yet another masterly performance before Congress – one which was immediately confounded by the usual cacophony of…
At a recent conference hosted by a major global bank in London I sat on a panel alongside a macro investment strategist who referred…