Macro Economics

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The Monetization of Everything

Jul 30th, 2012 | By | Category: Economics, Featured, Macro Economics
What the Federal Reserve System can do and what it will do are two different things. The Federal Reserve System can monetize anything. It can create digital money and buy any asset it chooses to buy. There are no legal restrictions on what it is allowed to monetize. If it were to ...read more

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Posted in Economics, Featured, Macro Economics | 5 comments


Happy Interventionists: The Economist’s Attack on Your Property

Jul 20th, 2012 | By | Category: Featured, Macro Economics
Last week, the Deutsches Institut für Wirtschaftsforschung (DIW), or German Institute for Economic Research, an influential think tank, proposed an ingenious solution to the Euro Zone debt crisis. The German government should issue a Zwangsanleihe, a compulsory bond that every German with savings of €250,000 or more should be compelled to ...read more

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Posted in Featured, Macro Economics | 11 comments


Money Is Never Neutral

Jul 13th, 2012 | By | Category: Featured, Macro Economics
Every monetary stimulus creates winners and losers. And it should be no surprise that monetary policy would finally end in a cul-de-sac. It only surprises those who share the mainstream's simplistic view of monetary stimulus. Phrases such as "the ECB is attempting to unlock the flow of credit in the ...read more

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Posted in Featured, Macro Economics | 5 comments


The Future of Money and the Death of Banks, Part II

Jun 21st, 2012 | By | Category: Featured, Macro Economics
Banks make money from payment systems I recently made arrangements for a trip to Africa I dealt directly with local tour operators there. Today that can be done easily and cheaply with the help of email, the internet and skype. Yet, when it came to paying the African tour operators I ...read more

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Posted in Featured, Macro Economics | 8 comments


The Death of Banks and the Future of Money

Jun 20th, 2012 | By | Category: Featured, Macro Economics
Banks are something between dinosaurs and vampires. One thing is now clear to even the most casual observer: banks are not capitalist businesses. In their present incarnation they have little to do with the free market and no place in it. They are constantly oscillating between two positions: One moment, they are ...read more

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Posted in Featured, Macro Economics | 10 comments


Prozac-Craving Markets

Jun 12th, 2012 | By | Category: Featured, Gold, Macro Economics
There is no escaping the fact that things are not getting better. If anything, they are getting worse. Following the recent large swings in financial markets and reading the commentary in the press, it strikes me that there is still a surprisingly strong belief out there that our fate is ...read more

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Posted in Featured, Gold, Macro Economics | 2 comments


Ten Ways The US Is Worse Than It Was In 1947

May 30th, 2012 | By | Category: Featured, Macro Economics, Politics
Dr. Gary North is an icon in the Austro-libertarian world, and writes more in a day than most will write in their lifetimes. The majority of what he says is excellent and it is well worth your time listening to whatever he has to say. In his recent article, entitled, "Why ...read more

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Posted in Featured, Macro Economics, Politics | 3 comments


Europe’s Voters Say “No” to Economic Reality

May 10th, 2012 | By | Category: Featured, Macro Economics
"Europe fights back against austerity" was how The Daily Telegraph headlined its weekend election coverage. "Anti-austerity movements are gathering pace across Europe following political earthquakes in France and Greece. A total of 12 European governments have now been dismissed in three years." As the European welfare state is officially in its ...read more

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Posted in Featured, Macro Economics | 5 comments


How To Debate Paul Krugman

May 2nd, 2012 | By | Category: Featured, Macro Economics
Paul Krugman is the high priest of Keynesianism and modern interventionism, of economic improvement through inflation and budget deficits. As such he is bête noir among us libertarians and Austrian School economists. What makes him so annoying is his unquestioning, reflexive and almost childlike enthusiasm for state intervention, even in the ...read more

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Posted in Featured, Macro Economics | 6 comments


Ben Bernanke Considers Your Happiness and Security Expendable

Mar 29th, 2012 | By | Category: Featured, Macro Economics
"Ben Bernanke the money bomber has resorted to delivering his anti-gold, pro-fiat sermons to captive audiences on US college campuses," writes Dan Denning of The Daily Reckoning Australia. That's right. Bernanke is taking his easy money message to the streets. According to Bloomberg: "Now that the weather is nice, I'm half-expecting Ben ...read more

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Posted in Featured, Macro Economics | 2 comments


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