It is by now generally understood, at least in the sound money community, that inflation is much higher than the government admits and that the
Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears
Late in the life of every financial bubble, when things have gotten so out of hand that the old ways of judging value or ethics
A couple of comments on recent DollarCollapse posts have included a strange assertion, that the paper money in circulation in the US is all dated
Based on both recent history and mainstream economic theory the past few years should not have been possible. When you cut interest rates to near-zero,
Based on the past few weeks’ stock market action, Japan’s decision to flood the world with yen looks like a raging success. It’s not of
Most of the recent “currency war” talk refers to countries trying to lower the value of their currencies to gain a trade advantage and/or make
The idea of a “debt jubilee” — that is, a wide-spread forgiveness of debt as a way to reset the US financial system — has
Think of devaluation as the monetary equivalent of the “tragedy of the commons”. In a nutshell, if everyone shares ownership of or has access to
Today’s world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode. And when confronted with this
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what
John Maynard Keynes once said of inflation: There is no subtler, no surer means of overturning the existing basis of society than to debauch the
Over the past year I’ve suggested shorting the for-profit education stocks, muni bonds, US Treasury bonds, and junk bonds. And so far, not so good.
One of the disturbing things about trying to understand the US economy is the sense that official statistics don’t match personal experience. They seem to
Yesterday I set up a Google alert for “inflation,” expecting to turn up the occasional article on monetary policy and such. Instead I got deluged
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