Jim Grant: What the Fed Calls Deflation is Actually Progress
Jim Grant recently appeared on Yahoo Finance and criticized central bankers and economists who fear deflation.
Money and Banks
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Does Europe Have Demand Deficiency Syndrome?
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.
Getting Interest Rates Right (Is a Job For Markets)
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.
Central Banks Are Not Innocent Bystanders
The Economist recently opined that interest rates don’t affect investment.
Post Mortem on the Swiss Gold Initiative
The Swiss gold initiative has failed, and although it was portrayed as a very radical bill by supporters of fiat money, it was a very mild effort that would not have done much to limit the Swiss central bank.
Bail-Ins Go Global
G-20 nations rubber-stamp plans to have you bail out the too-big-to-fail banks.
Claudio Grass: Will the Swiss Vote for Gold?
Jeff Deist and Claudio Grass discuss this Sunday’s historic Swiss gold referendum vote from his insider’s perspective.
Gold Repatriation: French National Front Joins Germany and the Netherlands
Zero Hedge reports that Marine LePen of the unexpectedly popular National Front Party in France is now demanding that the French central bank repatriate its gold.
The Daily Bell Lambastes Swiss Bankers on Their Opposition to the Gold Referendum
The Daily Bell skewers the Swiss banking class for its hostility to the upcoming gold referendum. Still, as the article points out, central bankers are now on the defensive.
The Cultural and Political Consequences of Fiat Money
Our global system of fiat moneys favors spenders and borrowers over savers.
