Japan finally joined the US and the EU in their grand 2-percent-inflation-forever experiment in 2005. Many Japanese politicians have benefited from this. Meanwhile, nothing has been done in Japan to actually help the economy defend itself against the next economic disaster.
Governments worldwide are turning to "financial repression" to manipulate the economy through easy money and aggressive regulation. In the end, we'll find it will amount to little more than slapping a band-aid on a serious problem.
Joe Salerno discusses why governments—at least modern western governments—have always hated cash transactions.
The European Central Bank is continuing with its negative interest rate policy, but it's not having the desired effect. Instead, the central bank is just filling the void by buying up government debt with newly created money.
Everyone knows about the Great Depression which brought massive government intervention and lasted a decade. But few know of the Depression of 1920–21 which was ignored by government and lasted eighteen months.
Jeff Deist and Jim Ostrowski discuss how progressives managed to capture the 20th century.
With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.
In recent decades, the tech sector has brought us newer and better goods and ever-dropping prices.
A recent report commissioned by the prime minister of Iceland calls for limits on the money supply through ending fractional reserve banking and deposit insurance. Unfortunately, the report also calls for nearly unlimited control of the money supply by the central bank.
