Saving, not Technology, Is the Key to Economic Growth
The real impediment to economic growth has been the relentless central bank tampering with financial markets.
The real impediment to economic growth has been the relentless central bank tampering with financial markets.
As planned by Chavez, barter is indeed replacing currency transactions throughout the economy but with hardly the results the late socialist envisioned.
Turning toward sound money and freer trade with the US could help free Britain from Brussels and Berlin.
The gold standard, if not abused, is not conducive to boom-bust cycles.
Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so.
A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping.
A monetary crisis is coming. Will gold or crypto replace the dollar?
The only reason why the illusion that central authorities can grow an economy appears to be real is because of a still expanding pool of real savings.
Big banks like Deutsche Bank have the potential to take an entire economy hostage: When they get into trouble, they can drag everything down with them.
The EU’s precariousness will only be fully exposed by the next credit crisis and the ECB’s response to it, which will end up collapsing the euro.