A while back there was a story in the Wall Street Journal (“America’s Debt Cutting Hampers Growth,” Oct. 22) about deleveraging in the U.S. economy. American households, burned by the […]
Strange and amazing things happen when sovereign debt levels get out of hand. In Europe, the strikes, massive street protests, and riots build energy by the day. The US is […]
The European Monetary Union is evolving like a slow-motion train-wreck these days. Just a few weeks ago, the pundits and bloggers began to ponder the possibility of the Euro failing, […]
“Lord, make me chaste, but not yet.”-St. Augustine I know a guy who’s 130 lbs. overweight, slowly dying from arthrosclerosis and diabetes. He’s been living a slouchy lifestyle for the […]
I’m trying to wrap my brain around the recent wave of ‘respectable’ economists coming out in favor of higher inflation. Some of the more prominent names include Ken Rogoff, Christina […]
By all accounts in the news, the FOMC basically threw up its hands at its meeting this week, deciding it can’t do anything constructive to improve economic conditions. The official […]
Although very few in the mainstream media are paying much attention, there’s growing chatter in sound-money circles about the ongoing phenomenon of negative real interest rates. By pumping in nearly […]
Student blogger Andrew Mack points out that the Fed was a creature of the “progressive” ethos of the early 20th century—i.e. the idea that powerful centralized institutions could “manage” the […]
Having been doing research for a paper on credit expansion and inflation in the U.S. in the 1790’s, I’ve been looking at mortgage documents from that era. Almost all of them feature what we might call a “sound money clause” i.e. they are explicitly payable in “gold or silver coin.”
The chorus of voices calling for higher inflation is growing. Joining “respectable” mainstream economists like Harvard’s Greg Mankiw and Ken Rogoff is Rex Nutting at Marketwatch. To his credit, Nutting […]