Debt

Deflation & Liberty (Pt. 5)

Tuesday, April 15th, 2014 by posted in Economics.
deflation-and-liberty

Inflation in the form of fractional-reserve banking and fiat money is ultimately a self-defeating practice. It bears in itself the germs of its own destruction and, as we shall see, deflation is the essential vehicle of this destruction. We can

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Deflation & Liberty (Pt. 4)

Monday, April 14th, 2014 by posted in Economics.
deflation-and-liberty

How would money be produced in a free society? Let us first observe that the fact that the quantity of money is irrelevant for the wealth of a nation must not be confused with the ideal of stabilizing the quantity

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Deflation & Liberty (Pt. 3)

Friday, April 11th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] From the standpoint of the commonly shared interests of all members of society, the quantity of money is irrelevant. Any quantity of money provides all the services that indirect exchange can possibly

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Deflation & Liberty (Pt. 2)

Thursday, April 10th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] When it comes to matters of money and banking, all practical political issues ultimately hinge on one central question: Can one improve or deteriorate the state of an economy by increasing or

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More IMF Meddling

Wednesday, April 9th, 2014 by posted in Banking, Economics.

The International Monetary Fund is up to its mixed messages again. This time it´s a dire warning about Canada´s future. The IMF has recently softened its outlook on Canada, warning that “”downside risks to the outlook still dominate, including from

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Deflation & Liberty (Pt. 1)

Wednesday, April 9th, 2014 by posted in Economics.
deflation-and-liberty

[This article is excerpted from Deflation & Liberty] The twentieth century has been the century of omnipotent government. In some countries, totalitarian governments have established themselves in one stroke through revolutions—apparently a bad strategy, for none of these governments exists

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Where’s the Austerity?

Monday, March 10th, 2014 by posted in Banking, Economics.

Global debt now exceeds $100 trillion, according to the Bank of International Settlements. Over the past five years, debt has increased by about $30 trillion. What’s more, governments have been the largest issuers. Low interest rates have attracted governments to

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Canada’s Tidal Wave of Credit

Monday, January 27th, 2014 by posted in Banking, Capitalism, Economics.
Bank_of_Canada teaser

Be mindful of what will happen when interest rates rise, but note that rising debt levels in Canada are no reason to panic, at least according to Stephen Harper. Canada’s Prime Minister is quick to note that his wife and

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Rogoff, Reinhart and Ricardian Equivalence

Tuesday, December 24th, 2013 by posted in Banking, Economics, Regulation.

The largest economics controversy of the year belonged to Ken Rogoff and Carmen Reinhart for their research describing the relationship between economic growth and government debt. Their research, based on their popular book looking at the striking similarities between recurring

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Do We Really Owe It To Ourselves?

Tuesday, September 3rd, 2013 by posted in Capitalism, Economics.
money-changing-hands teaser

Is the national debt not a problem because “we owe it to ourselves”? It would be nice to think so, but the reality is different.  Not only do Canadians hold a lot of debt, it is growing at a feverish pitch.

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Forget About Reinhard & Rogoff

Tuesday, May 28th, 2013 by posted in Capitalism, Economics, Politics, Politique.
this-time-is-different

Ever since a minor spreadsheet error was discovered in a 2010 study evidencing the plainly obvious fact that increased debt loads hinder economic growth, pundits from the left have been gleefully jumping over this molehill pretending it’s a mountain.  Apparently

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Welfare Costs Rapidly Escalating – Everywhere

Monday, May 6th, 2013 by posted in Economics, Regulation.
protect welfare state

Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally

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A LeaderShift: What we need in our country today

Tuesday, April 30th, 2013 by posted in Economics, Law, Politics.

It’s time for power to go back to where it belongs; to the people. With politicians and the business elite making all our decisions for us, we are losing our freedoms each and every day, and our standard of living

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Welfare Costs Rapidly Escalating – Everywhere

Wednesday, April 17th, 2013 by posted in Economics, Regulation.
protect welfare state

Reprinted from GoldMoney Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion. These are principally

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Rand Paul’s Misgivings on Government Debt

Sunday, January 13th, 2013 by posted in Economics, Politics.
Rand paul

In its never-ending struggle with responsibility and logic, the U.S. government will soon breach its statutory debt limit. Departing Treasury Secretary Timothy Geithner has warned President Obama that by the end of February, Congress will have to take action or

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U.S. Debt Crisis- How High Will It Go

Wednesday, January 2nd, 2013 by posted in Banking, Capitalism, Economics.
US Debt Ceiling 2012 visualized

Reprinted from EconomicReason.com The implications of the US debt crisis is not well understood in most circles, and it is not widely spoken about in the media and in important political debates. The irony is that the US debt is

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Canada’s Banking System Exposed

Wednesday, January 2nd, 2013 by posted in Banking, Capitalism.
Canada bank teaser

Despite what is commonly understood, the Canadian banking system is NOT as strong and resilient as most people might assume. According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in

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The Mess the Bank Made… and Denies

Monday, December 17th, 2012 by posted in Banking, Capitalism, Economics, Education, Politics, Regulation.
bank-of-canada

Back in April, I reviewed a document called the “Financial System Review”, published semi-annually by the Bank of Canada.  Due to the dire warnings contained therein, I thought it necessary to produce a more user-friendly summary of the information the

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The Ontario Teacher’s Ponzi Plan

Tuesday, October 16th, 2012 by posted in Economics, Education.
OTPP Logo

The 21st century has been one marked by low interest rates and even lower real interest rates. In response to the dot-com crisis of 2001 Western governments embarked on a policy of low interest rates in order to stimulate the

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Quebec’s Debt Problem About to Get Worse

Friday, September 7th, 2012 by posted in Capitalism, Economics.
debt

Quebec’s provincial elections took place a few nights ago and Pauline Marois from the Parti-Quebecois (PQ) made history by being the first elected female premier to win. The PQ won 54 out of the 125 provincial seats. What does this

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