Money and Banks

A shift from full-time-driven employment to part-time-driven employment is usually an indicator of a coming recession. That shift happened in January's jobs numbers. 

Measures of the U.S. money stock in current use are flawed precisely because they are not based on an explicit and coherent theoretical conception of the essential nature of money.

There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy.

The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over. 

For nearly three decades, the Japanese economy has slowly imploded under low interest rates and heavy government debt. It may soon be time to pay the piper.

By itself, the end of the petrodollar won't destroy the dollar. But it will continue a trend that weakens both the dollar and the US regime's power. 

Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade us as people? These are the fundamental questions that Jeff addresses.

The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living. 

It is no secret that freedom, both socially and economically, are disappearing in the USA and Great Britain. The consequences will be most severe if we do not reverse these patterns.

Once upon a time, the USA had sound, reliable money. Then, a small group of "really intelligent" people decided to "improve" it. We know the rest of the story.