Posts Tagged ‘ inflation ’

Infinite Stupidity

Nov 14th, 2011 | By | Category: Featured
"The unlimited resources" of the European Central Bank (ECB) are quickly becoming the new magic mantra in political commentary and financial market analysis, now that the bigger euro-dominos are beginning to wobble, and everybody realizes that nobody has the firepower to bail out Italy or to "recapitalize" (i.e., bail out ...read more


Why You Should Remember the Fifth of November

Nov 1st, 2011 | By | Category: Economics, Featured, Politics
As soon as the noose settled around his neck, Guy Fawkes broke free from the hangman and jumped off the scaffolding -- guaranteeing a quick drop with a stop sharp enough to break his neck cleanly... It seems like an odd result for a man to be in such a hurry ...read more


Europe’s Future Comes Into Focus: Hyperinflation

Oct 28th, 2011 | By | Category: Economics, Featured
What struck me most when reading the first responses to the EU summit was this: Most of what you get from the mainstream media pundits or from the financial economists on Wall Street or in the city of London not only misses the relevant points, it usually gets things completely ...read more


The Real Reason for the Uprisings

Oct 20th, 2011 | By | Category: Economics, Featured, Politics
What to make of Occupy Wall Street... We found the following in our inbox today from the National Inflation Association: "The Occupy Wall Street movement is gaining tons of momentum and is likely to continue picking up steam in the weeks and months ahead. Americans are angry, but they aren't exactly sure ...read more


Protectionism Could Lead To American Poverty

Oct 17th, 2011 | By | Category: Featured, Macro Economics
To hear the latest batch of political salesmen tell it, China is a drug pusher in a schoolyard full of American schoolkids. The cheap goods the Chinese export market provides the American consumers may feel good, initially, but they are surely destroying America...causing manufacturers to shut down in the U.S. ...read more


Why the Sate Demands Control of Money

Oct 13th, 2011 | By | Category: Economics, Featured, Macro Economics
Imagine you are in command of the state, defined as an institution that possesses a territorial monopoly of ultimate decision making in every case of conflict, including conflicts involving the state and its agents itself, and, by implication, the right to tax, i.e., to unilaterally determine the price that your ...read more


The China Bust: Tic Toc Part II

Oct 11th, 2011 | By | Category: Featured, International, Macro Economics
Mainstream economists are vague about -- or choose to outright ignore -- the cause of China's rising domestic prices. A recent article in The Seattle Times stated: "Economists blame China's inflation on the dual pressures of consumer demand that is outstripping food supplies and a bank-lending boom they say Beijing allowed ...read more


The China Bust: Tic Toc Part I

Oct 10th, 2011 | By | Category: Currencies, Featured, International
China is in the process of allowing its currency to rise. The reason for this is to address the worsening inflation rates in the country. Allowing the yuan to rise will indeed stop, or slow, inflation, but the way this fix works is not the way that is usually assumed. ...read more


Inflationists in Wolves’ Clothing

Oct 6th, 2011 | By | Category: Economics, Featured
For some time now, I have been warning my Austrian readers of the inflationist threat coming, not from the Keynesian camp, but from otherwise free-market Chicago School economists. Some of the leaders in this "quasi monetarist" or "market monetarist" school are Scott Sumner, Bill Woolsey, David Beckworth and Lars Christensen. ...read more


Mass Inflation, Yes; Hyperinflation, No

Sep 14th, 2011 | By | Category: Macro Economics
The United States is not going to get hyperinflation unless Congress nationalizes the Federal Reserve System. It will get mass inflation at some point: anywhere from 15% per annum to 30%. But it is not going to get 50% or 100% or more. Why not? 1. The temporary nature of the payoff 2. The ...read more