Can Deflation Fix the Damage Done by Inflation?
Deflation can never repair the damage of a prior inflation. It would be like running someone over with a car, and then trying to fix the situation by backing up over the person again.
Money and Banks
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British Left Unveils Plan to “Weaponize” the Bank of England
The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.
When LBJ Assaulted a Fed Chairman
Naturally, Fed chairmen claim they are never influenced by politicians who threaten them. But it would by naïve to take this at face value.
Trump’s Tweets End the Myth of Fed Independence
The Federal Reserve is not politically independent — and it never was.
“Price Stability” Is a Trick — It Actually Ruins Wealth
The Fed's policy of price stability, as in the 1920s, may catch economists again unaware of the damage inflicted by this policy.
British Left Unveils Plan to “Weaponize” the Bank of England
The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.
Ronni Stöferle on Why Gold Still Matters
Why do central banks still hold so much gold if it's not money? Ronald Stöferle and Jeff Deist discuss why.
Credit Expansion vs. Simple Inflation
It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply.
