What’s wrong about the euro, and what is not
byEvery Monday morning the readers of the UK’s Daily Telegraph are treated to a sermon on the benefits of Keynesian stimulus economics, the dangers of belt-tightening…
Inflation
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…
The Keynesians’ new clothes
byIt might seem like yesterday to some but it was already in 2009 that politicians in Europe began to talk about ‘austerity’, a concept…
Green shoots of a US recovery?
byThere is growing hope in some quarters that economic recovery is at last under way in the USA. Is this just an election-inspired pick-up…
A golden opportunity
byThe euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its consequences…
The loss of trust and the Great Disorder
byAt its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between…
“But there is no inflation!” – Misconceptions about the debasement of money
by“But there is no inflation!” – This is a statement I hear quite often, sometimes from people who are, in principle, sympathetic to my…
Is deflation a major threat to the eurozone?
byIn its October 2012 World Economic Outlook report the International Monetary Fund (IMF) said that the European Central Bank (ECB) should keep interest rates…
Money printing is the only thing keeping the system afloat
byLast Monday GoldMoney published my article showing the frightening growth in money-quantities for the US dollar. In that article I stated that the hyperbolic…
A vicious cycle
byFor some months now, leading indicators the world over have been pointing toward slower growth ahead. It’s not just about the euro-area any more….