Libertarian Murray Rothbard Was Dangerously W…
In 1963, Murray Rothbard published a book called America’s Great Depression, in which he argued that President Herbert Hoover made the Great Depression worse by introducing too many government policies
Frank Answers To Tough Questions: Free McAlva…
I strongly recommend that you listen to this free podcast. My friend David McAlvany interviewed me for the highly respected McAlvany Weekly Commentary a few days ago. It was a
The World Is $300 Trillion In Debt
Credit growth has been the driver of economic growth for decades. That was the theme of my third book, The New Depression, and the subject of numerous Macro Watch videos
Forget Brexit, China’s The Real Crisis (Wat…
Brexit has been dominating the world’s business headlines during the past few weeks. But the impact of Brexit on the global economy is likely to be relatively minor compared with
Chimerica In Crisis
This is one video you won’t want to miss. Chimerica is a term coined by the historian Niall Ferguson in 2006 to describe the economic relationship between the United States
China’s Economic Crisis, Part 4: One W…
China’s economy is freakishly unbalanced. Investment (Gross Fixed Capital Formation) makes up 44% of China’s GDP, whereas Household Consumption makes up only 38% of GDP. For the world as a
China’s Economic Crisis, Part 3: The Risks …
China’s economic growth engine is fuelled by extraordinarily large amounts of credit. In 2015, it took RMB 15.4 trillion (US$2.4 trillion) of credit growth to generate RMB 4.1 trillion (US$631
From China’s Economic Crisis to America’s…
I recently had a great, wide-ranging conversation with Cris Sheridan of Financial Sense Newshour. We began with the economic crisis in China and moved on to the political crisis in
China’s Economic Crisis: Part 2, The Coloss…
Chinese Investment increased 50-fold between 1990 and 2014. Investment (i.e. Gross Fixed Capital Formation or GFCF) in China grew from US$92 billion in 1990 to US$4.6 trillion in 2014. During
Macro Voices Podcast: Highly Recommended
I highly recommend you listen to this free MacroVoices podcast. It explains the real origins of our global economic crisis. It also describes how the crisis is likely to play
