Inflation

Meet “Lowflation”: Deflation’s Scary Pal

Wednesday, April 16th, 2014 by posted in Economics.
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Reprinted from LewRockwell.com In recent years a good part of the monetary debate has become a simple war of words, with much of the conflict focused on the definition for the word “inflation.” Whereas economists up until the 1960′s or

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Deflation & Liberty (Pt. 5)

Tuesday, April 15th, 2014 by posted in Economics.
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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.
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[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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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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Catch Shawn Ritenour on Power Trading Radio

Tuesday, April 1st, 2014 by posted in Capitalism, Economics.
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Weekend Edition with Shawn Ritenour Professor of Economics at Grove City College, Shawn Ritenour, joins Merlin and John for a look at the truth behind economic data and the current macro market picture. Dr. Ritenour spent time working for the

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Central Banks Extend Their Reach as Bureaucratization of Markets Continues

Tuesday, April 1st, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from DetlevSchlichter.com The twentieth century witnessed the shift from the classical order of free markets and hard, non-political money – epitomized by the gold standard – to fully elastic money and credit markets under the control of state central banks.

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Did the Government Pay for WW2 with Interest-Free Loans?

Thursday, March 27th, 2014 by posted in Economics, History.
GiveUsTheTools

Did the government of Canada use the Bank of Canada to fund World War 2 with interest-free loans? It’s a claim that is often made by the Canadian Greenbackers (or Loonies, as I like to call them). The Loonies maintain

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Keynesian Myths and The Triumph of The Warfare State

Thursday, March 27th, 2014 by posted in Banking, Economics, History.
federal reserve teaser

Reprinted from LewRockwell.com Presentation by David A. Stockman to The Committee for the Republic, February 11, 2014 Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an

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Brazil’s Slow Default

Wednesday, March 26th, 2014 by posted in Economics.

After flying high for several years, Brazil’s luck is quickly running out. Citing bad economic management and one-off accounting tricks that flattered its public finances, credit rating agency Standard & Poors has downgraded the country’s debt to BBB-, just one

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Inflation Then and Now

Thursday, March 20th, 2014 by posted in Banking, Economics, History.
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Reprinted from Pembroke Daily Observer The struggle between the National Union of Mineworkers under Arthur Scargill and the government of the United Kingdom under Margaret Thatcher began thirty years ago this past week. The miner’s strike of 1984-1985 is remembered

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The High Price of Delaying the Default

Wednesday, March 19th, 2014 by posted in Banking, Capitalism, Economics.
lehman teaser

Reprinted from Mises.org Credit is a wonderful tool that can help advance the division of labor, thereby increasing productivity and prosperity. The granting of credit enables savers to spread their income over time, as they prefer. By taking out loans,

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What Was “The Coyne Affair” ?

Monday, March 17th, 2014 by posted in Banking, Economics, History.
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James Elliott Coyne would have been 104 years old this July, if he had lived past the ripe old age of 102. A lawyer by training, Coyne first joined the Bank of Canada in 1938 in the Research Department, but

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Boosting the Bust

Friday, March 7th, 2014 by posted in Banking, Capitalism, Economics, History.
federal reserve teaser

The root cause of the crisis is the credit money system Economic data suggest that the large economies around the world – the US, Europe and Japan – are working themselves out of the latest financial and economic crisis. Output

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Nouriel Roubini the Mercantilist

Thursday, February 27th, 2014 by posted in Banking, Capitalism, Economics.
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Here’s a question: why is economist Nouriel Roubini so popular again? The man is syndicated in the financial press. He has a number of best-selling books on the ebb and flow of the global economy. And he teaches at New

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What Causes Inflation?

Wednesday, February 19th, 2014 by posted in Banking, Economics.
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When the Bank of Canada talks about inflation, what they really mean is price inflation. That is, the general rise in prices of goods and services. Indeed, justification for the central bank is in its perceived ability “to contribute to

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Tiff Macklem & Deflation

Tuesday, February 11th, 2014 by posted in Banking, Economics.
macklemcarney

Bank of Canada Deputy Governor John Murray isn’t the only BoC official to jump ship. After former Governor Mark Carney went off to England, it didn’t take long for Senior Deputy Governor Tiff Macklem to announce his resignation as well.

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Requiem for a Bernank

Tuesday, February 11th, 2014 by posted in Banking, Capitalism, Economics.
bernanke teaser

Ben Bernanke´s tenure as, arguably, the most powerful man in the world came to an end on 3 February, 2014. For the past eight years, “the Bernank” as he affectionately came to be called, steered the world´s largest economy through

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Fake It ‘til You Make It

Friday, February 7th, 2014 by posted in Banking, Capitalism, Economics.
Federal_Reserve teaser

Reprinted from BryceMcBride.com If you look at the headlines, it appears as though the global economy is well on the road to recovery. The American stock and bond markets are at all-time highs which would seem to indicate that investors

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