Inflation

Short Memories in Las Vegas

Thursday, July 30th, 2015 by posted in Banking, Capitalism, Economics.
las-vegas-paris-hotel_teaser

Reprinted from LewRockwell.com Rates are low, the weather is hot, and builders are more active than they’ve been in years. “Groundbreakings on new homes surged 26.6% and permits to build new homes rose 30% in June compared to one year

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The Chimera of Contracyclical Policies

Wednesday, July 15th, 2015 by posted in Banking, Capitalism, Economics.
money printing teaser

[Republished from Human Action (1949)] An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while

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The House Bubble: A Documentary

Monday, July 13th, 2015 by posted in Economics, History.
bubble film

The idea was simple: Track down the people who predicted the housing crash and ask them what’s next. 35,000 miles and four years later, we’re test screening our first documentary “The Bubble” and finishing editing the follow up “The Bigger

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Keep Your Old Dimes Safe

Monday, July 6th, 2015 by posted in Banking, Capitalism.
RooseveltDimesNOSACK_teaser

As a child I was told by my grandfather to keep an eye out for old dimes and to keep them because while dimes minted before 1967 were 80% silver, dimes minted from 1968 onwards were 99.9% nickel. While both

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Velocity Lacks Veracity

Monday, June 22nd, 2015 by posted in Uncategorized.
printing-press-uf4uwk teaser

Typically defined as “the number of times one dollar is spent to buy goods and services per unit of time,” historically low monetary velocity is blamed for stymieing the Federal Reserve’s ability to achieve a targeted rate of price inflation.

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Austrian Business Cycle Theory: Answering the Critics

Thursday, June 18th, 2015 by posted in Banking, Capitalism, Economics.
Austrian Business Cycle Theory: Answering the Critics

According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion. https://www.youtube.com/watch?v=oVR79OJgGvA&feature=youtu.be

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The Ultimate Disorganizing Organization Part 2

Wednesday, June 17th, 2015 by posted in Banking, Economics.
federal reserve teaser

[Testimony before US House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, May 8, 2012] Do We Need a Central Bank? Without a central bank, how can a monetary system work? Don’t we need a central bank to

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The Ultimate Disorganizing Organization Part 1

Tuesday, June 16th, 2015 by posted in Banking, Economics.
Federal Reserve teaser

[Testimony before US House Committee on Financial Services Domestic Monetary Policy and Technology Subcommittee, May 8, 2012] I specialize in the economic theory of organizations — their nature, emergence, boundaries, internal structure, and governance — a field that is increasingly

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The Government and the Currency

Thursday, June 11th, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

[Human Action (1949)] Reprinted from Mises.org Media of exchange and money are market phenomena. What makes a thing a medium of exchange or money is the conduct of parties to market transactions. An occasion for dealing with monetary problems appears to

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Gold Verses Fractional Reserves Part 2

Wednesday, June 3rd, 2015 by posted in Banking, Capitalism, Economics.
gold teaser

Reprinted from Mises.org. Article originally appeared in the Freeman May, 1979 The Harmful Consequences We have now to examine the harm that the system does whether or not the pressure to reduce the reserve requirements is continuously successful. Let us

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A Portrait of the Classical Gold Standard

Tuesday, May 26th, 2015 by posted in Banking, Capitalism, Economics.
goldteaser

Reprinted from Mises.org “The world that disappeared in 1914 appeared, in retrospect, something like our picture of Paradise,” wrote the economist Cecil Hirsch in his June 1934 review of R.W. Hawtrey’s classic, The Art of Central Banking (1933). Hirsch bemoaned

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“Surviving Or Thriving” – What Canada’s 40% Surge In Meat Prices Means

Thursday, May 14th, 2015 by posted in Capitalism, Economics, Regulation.
TENDERLOIN_teaser

Reprinted from Zerohedge: On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds

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Canada’s Central Bank is Headed by a Comedian

Wednesday, May 13th, 2015 by posted in Banking, Capitalism, Economics.
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Reprinted from Acting-man.org Yet Another Delusional Bubble Blower Canada is home to one of the most egregious housing and credit bubbles in the world – a legacy of its former central bank governor Mark Carney, who is now blowing a

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The “War on Cash” Migrates to Switzerland

Thursday, May 7th, 2015 by posted in Banking, Capitalism.
gold-bars_teaser

Reprinted from Acting-Man.org Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means

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Modern-Day Social Engineers and Inequality

Wednesday, April 29th, 2015 by posted in Uncategorized.
money printing teaser

Reprinted from Acting-Man Is Inequality a Bad Thing? We couldn’t believe what we were seeing when coming across the following headline at Reuters recently: “Fed’s Yellen says research needed to understand inequality issue”. Seriously? Maybe we can help the good

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The Essence of Keynesian Thinking

Tuesday, April 7th, 2015 by posted in Capitalism, Economics.
Keynes (1)_teaser

This article originally appeared as “Keynesian Thinking” in Newsweek, August 11, 1954. Reprinted from Mises.org Arthur F. Burns, now chairman of the Council of Economic Advisers, is one of the country’s outstanding statisticians. Yet there is in his implied economic

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The Objectives of Currency Devaluation

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.
currency teaser

This article is excerpted from Human Action (1949), chapter 31, “Currency and Credit Manipulation.” In the boom period that ended in 1929, labor unions had succeeded in almost all countries in enforcing wage rates higher than those which the market,

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An Austrian Take on Inflation

Tuesday, March 31st, 2015 by posted in Banking, Economics.
money-printing1 teaser

Reprinted from Cobden Center We know that today’s macroeconomists are very confused about inflation, if only because despite all experience they think they can print money and increase bank credit with a view to generating price inflation at a controlled

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Household Debt Soars in Canada, “Stability” at Risk

Tuesday, March 24th, 2015 by posted in Banking, Capitalism, Economics.
home_teaser

Reprinted from Zero Hedge Debt by Canadian households is a special phenomenon. Statistics Canada reported today that in the fourth quarter, household debt set another breath-taking record. Earlier this month, even Equifax Canada, which is in the business of facilitating

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Let There Be Money

Thursday, February 5th, 2015 by posted in Banking, Capitalism, Economics.
bitcoin pile teaser

Reprinted from The Freeman For more than a century, skeptics of government power have rightly focused on the damage caused by interventions in money. As the market’s classic commodity moneys have been displaced by unbacked State-issued paper, libertarians — particularly

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