Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference

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… [...]

There Is Just No Escape From Mario Draghi’s Monetary Zombie Nightmare

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 … [...]

Wednesday Humor: The 10 Principles Of Economics, Revisited

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… [...]

The Most Rapidly Depreciating Currency In The World

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… [...]

The "Anti-Economist" Vs Paul Krugman Who Calls Bitcoin the Anti-Social Network

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, … [...]

Guest Post: Paul Krugman’s Fallacies

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… [...]

Guest Post: Inflation Is Raging – If You Know Where To Look

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… [...]

Circular Bubble Logic

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… [...]

"I Have A Helicopter" – Bernanke’s Legendary Central-Planning Sermon Turns 11

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… [...]

Guest Post: The 5 Economic "Big Lies" The Government Is Telling You

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… [...]