Inflation: It’s a Wealth Redistribution Scheme
When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).
Money and Banks
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Does the UK Need Even More Stimulus?
Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.
Should We Be Concerned About the Fall in Money Velocity?
A fall in the US velocity of money M2 to 1.44 in June from 1.51 in June last year and 2.2 in May 1997 has alarmed many experts.
Today in 1971: President Nixon Closes the Gold Window
45 years ago today, on August 15, 1971, President Richard Nixon officially closed the gold window.
Consumer Optimism Is Not the Key to Economic Growth
The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.
Will the Bubble Pop Even if the Fed Never Raises Rates?
In today's slow growth economy, business decision makers are understandably cautious because historically monetary tightening has been a fatal blow.
BoE Cuts Interest Rates and a New Round of QE, Godfrey Bloom Responds
The Bank of England announced historic new lows for interest rates, and a new round of QE.
Our Disastrous Monetary System: A New Must-Read Book
Blind Robbery!, a new, easy-to-read book on money is a must-read for anyone who wishes to understand the damage our easy-money system is doing.
A New Set of Crises for the EU
The Paris-Berlin axis faces a new banking crisis and a weakening Southern Europe while Brexit inflames EU opposition across Europe.
