Money and Banks

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Billionaire Plutocrat Jamie Dimon Wants to Ditch the Debt Ceiling

Money and Banks

Blog10/13/2021

Deficit spending—which begets inflationary monetary policy—has been a boon for the financial sector and its billionaires. Naturally, bank CEOs would love to get rid of the debt ceiling. 

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"Shortages" Aren't Causing Inflation. Money Creation Is.

Money and Banks

Blog10/07/2021

The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.

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Why Does Money Have Value? Not Because the Government Says It Does.

Money and Banks

Blog10/06/2021

Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.

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It's Not Good Enough to "Look at the Data"

Money and Banks

Blog09/30/2021

Data analysis can establish some information about correlations. But good thinking about causation only comes from sound logical economic theory. 

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Yellen Is Wrong. The US Government Doesn't Always Pay its Debts.

Money and BanksU.S. History

Blog09/28/2021

Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.

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Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation

Money and Banks

Blog09/27/2021

As inflation becomes more obvious, governments will be blaming businesses for causing the inflation that policymakers have fueled. This is a step on the way to price controls. 

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Evergrande Isn't China's "Lehman Moment." It Could Be Worse Than That.

Money and Banks

Blog09/25/2021

The problem with China is that the entire economy is a huge indebted model that needs almost ten units of debt to generate one unit of GDP, three times more than a decade ago.

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A Global Fiat Currency: "One Ring to Rule Them All"

Money and Banks

Blog09/24/2021

The One Ring of power stands for the particularly evil idea of creating a state of states, a world government, a world state. A one-world fiat currency is similarly dangerous. 

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Too Much Inflation? Just Raise the Inflation Target!

Money and Banks

Blog09/23/2021

The new "2 percent average" standard from last year helped the inflationists, but there are now calls for scrapping the "too low" 2 percent inflation limit altogether.

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Before a Bust, There Is Always a Boom (and Malinvestment)

Money and Banks

Blog09/22/2021

An economic depression is not caused by a decline in the money supply per se, but results from a shrinking pool of savings made possible by a previous bout of monetary inflation.

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