Posts Tagged ‘ Paul Volcker ’

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

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“I.O.U.S.A.” Excerpts

Oct 6th, 2008 | By | Category: Currencies, Economics, Politics
In 1913, President Woodrow Wilson was successful in publishing the Federal Reserve Act through Congress. The act allowed the government to establish the third central bank in the nation’s history. Think of the Fed as the bank of banks, and the government’s bank — the gatekeeper of the U.S. economy. The ...read more

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The Danger of Stagflation

May 15th, 2008 | By | Category: Macro Economics
The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal Reserve itself have become more skillful at manipulating the economy of the United States. The process of running before every gust of wind reached its ...read more

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