Anti-Deflationist Paranoia
by[Transcript of the closing speech at the Seventh Spanish Conference on Austrian Economics. These remarks were delivered Thursday, June 12, 2014 in Madrid.] Today…
monetary policy
Mario Draghi – Prime Broker to the Universe
by[This article first appeared here http://truesinews.com/2015/04/10/mario-draghi-prime-broker-to-the-universe/] When even the eminent lawyer, Christine Lagarde, interrrupts her incessant calls for more ‘stimulus’ to confess that yes, peut-être, we ought to…
Valuing gold – USD FMQ Update
byThere is only one way to value gold, and that is to quantify the expansion of the fiat currency in which it is priced….
How liquidity drives the US stock market
byIn a market economy a major service that money provides is that of the medium of exchange. Producers exchange their goods for money and…
INTERVIEW WITH DR WILLIAM WHITE, FORMER HEAD OF THE MONETARY AND ECONOMIC DEPARTMENT AT THE BIS PART 2
byWilliam White is currently Chairman of the Economic and Development Review Committee of the OECD which provides policy recommendations to governments of member and…
The Ghost of ’37
by[Editor’s Note: The original can be found here http://truesinews.com/2015/03/26/the-ghost-of-37/] With the Fed supposedly steeling itself at last to remove a little of its emergency…
Central banks paralysed at the zero bound
byThough the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise…
Falling Interest Causes Falling Wages
byInterest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists…
I Am Blind
by“Marketing is what you do when your product is no good.” – Edwin Land. Rosser Reeves was one of the most celebrated American…
Global M
by[You can find the original article here http://truesinews.com/2015/03/11/global-m/] As part of our analytical process, we frequently consult our proprietary estimate of global money supply, something we construct by…