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Submitted by Charles Hugh-Smith of OfTwoMinds blog, Longtime correspondent Jeff W. succinctly explains the difference between metallic money (gold and silver) and credit money. You've probably read many articles about money–what it is (store of va… [...]
On November 7, when the ECB announced a “surprising” rate cut, 67 out of 70 economists who never saw it coming, were shocked. We were not. As we observed ten days prior, Europe had just seen the latest month of record low private sector loan growth in … [...]
Some clarification from Wu Tang Finance on the ten key principles of economics… "they ain't no such thang as free lunch… if you haven't figured that out yet in yo life, we is shaking our heads at ya… PV=MV bitches. Velocity of… [...]
Submitted by Simon Black of Sovereign Man blog, Do you remember the days when travel used to be glamorous and sexy? The mere prospect of getting on an airplane was tremendously exciting. Friends and family would come with you to the gate to see you off… [...]
krugman-picsay Paul Krugman wrote an anti-cryptocurrency Op-Ed piece in the NY Times titled the “Anti-social Network”. Now, I know the Times needs to sell ad space and subscriptions, hence technical accuracy may not be exactly what they are going for, … [...]
Submitted by Pater Tenebrarum of Acting-Man blog, Krugman, Summers and the First Keynesian Paul Krugman has used the occasion of Larry Summers' speech at the IMF to lay out his economic views, or let us rather say, his economic fallacies. As we alr… [...]
Submitted by John Rubino via Dollar Collapse blog, Most people – certainly most governments and economists – define inflation as a general rise in prices. But this is wrong. Inflation is an increase in the money supply, of which a rising ge… [...]
Some have suggested that the surge in "bubble-talk" implies there can be no popping of the bubble, Pater Tenebrarum has a different perspective… Submitted by Pater Tenebrarum of Acting-Man blog, Interest In Bubbles Makes them Disappear &nda… [...]
Who can forget the following immortal paragraphs from Bernanke’s: “Deflation: Making Sure “It” Doesn’t Happen Here ” The Fed can inject money into the economy in still other ways. For example, the Fed has the authority to buy foreign government d… [...]
Submitted by Michael Snyder of The Economic Collapse blog, According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years. In fact, it is being alleged that this m… [...]
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