Hyperinflation Is the Necessary, Proper, Patriotic, and Ethical Thing to Do

Monday, November 18th, 2013 by posted in Banking, Capitalism, Economics.
Hyper-inflation1 teaser

Hyperinflation is the complete breakdown in the demand for a currency, which means simply that no one wishes to hold it. Everyone wants to get rid of that kind of money as fast as possible. Prices, denominated in the hyper-inflated

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Farmers will not drive Lamborghinis (or Why I disagree with Jim Rogers)

Tuesday, January 8th, 2013 by posted in Economics.
Front Jan 8 2013

Please, click here to read this article in pdf format: January 8 2013 This is my first letter of 2013. I was not able to write earlier as I was travelling in Argentina. The situation there is complex and fluid. It


What causes hyperinflations and why we have not seen one yet: A forensic examination of dead currencies

Tuesday, December 18th, 2012 by posted in Economics.
Dec 16 2012 3

Please, click here to read this article in pdf format: December 18 2012 As anticipated in my previous letter, today I want to discuss the topic of high or hyperinflation: What triggers it? Is there a common feature in hyperinflations that

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Why the Chicago Plan is flawed reasoning and would fail

Sunday, November 11th, 2012 by posted in Economics.
Nov 10 2012 7

(republished from “A View from the Trenches“) Click here to read this article in pdf format: November 10 2012 On October 21st, 2012, Ambrose Evans-Pritchard wrote a note titled “IMF’s epic plan to conjure away debt and dethrone bankers”, on UK’s

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On risk convergence, overdertermined systems and hyperinflation

Sunday, September 30th, 2012 by posted in Uncategorized.
Sep 30 2012 featured

(republished from “A View from the Trenches“, September 30th, 2012) Click here to read this article in pdf format: September 30 2012 This week, we want to follow up on some thoughts from our last two letters, where we deduce the impact of

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How Draghi opened the door to hyperinflation and denied the Fed an exit strategy

Monday, September 10th, 2012 by posted in Economics.
front image Sep 10 2012

(republished from “A View from the Trenches“, September 10th, 2012) Click here to read this article in pdf format: September 10 2012   We finally heard the intentions of Mr. Draghi, President of the European Central Bank (“ECB”). We only need to

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Why the Deflationists’ Argument Is Wrong in Both Theory and Historical Fact

Thursday, August 9th, 2012 by posted in Banking, Economics.
Balloon deflation teaser

Reprinted from Gary North’s Specific Answers An inflationist is someone who believes that price inflation is the result of two things: (1) monetary inflation and (2) central bank policy. A deflationist is someone who believes that deflation is inevitable, despite

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The Death of Banking and Future of Money

Friday, June 22nd, 2012 by posted in Banking.
bitcoin teaser

Reprinted from Whiskey & Gunpowder Banks are something between dinosaurs and vampires. One thing is now clear to even the most casual observer: banks are not capitalist businesses. In their present incarnation they have little to do with the free

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There is no straight path

Monday, June 4th, 2012 by posted in Economics, Uncategorized.

Click here to read this article in pdf format: June 4 2012   The loyal reader knows by now that we have been, perhaps since the start of our publication, expecting a dynamic like the one seen last Friday, namely, lower

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Hungary On the Path Toward Hyperinflation?

Thursday, January 5th, 2012 by posted in Economics.

That is what prominent financial blogger Mike “Mish” Shedlock is asking.  See some of his evidence: From Spiegel Online: Public anger over Hungary’s new constitution and a raft of other new laws may be the least of Prime Minister Viktor

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Monday, December 5th, 2011 by posted in Capitalism, Economics, History, Regulation.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as