Monetary Theory
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Digitizing Money Inflation Changes Nothing
Any student of money and banking recognizes the sophistry in saying that "the Fed does not pay with paper money."
Greenspan’s Fatal Conceit
There was no "irrational exuberance"; the exuberance was completely rational given the price signals at the time.
Chairman Bernanke, Is Gold Money?
Gold money would put an end to — or at least expose — the thefts and power grabs perpetrated by the government.
Debtor Nation
No, the bill can't be paid and won't be paid. That much should be obvious. But denying the obvious is a mental trait built into the structure of the system. The economic crisis of 2008 was really just the realization that the consumer-debt load at the time was unsustainable.
Lower the Debt Ceiling
If Congress passed legislation that systematically reduced the debt ceiling over time, the economy could be rebuilt on a solid foundation. Entrepreneurs in the productive sectors would realize that an ever-increasing proportion of resources (land, labor, and capital) would be at their disposal.
Defaulting on the Fed’s Bonds
Ron Paul recently made (another) splash among economic pundits with his suggestion that the Treasury simply cancel the $1.6 trillion in its debt.
Paper Money Wears Prada
The money inevitably flows to the latest speculative fashion, whatever it happens to be.
