Currency Manipulators Created $7 Trillion, Ca…
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by central banks in developing countries.
Debt-Financed Trade Caused The New Depression…
The United States trade deficit hit $2 million A MINUTE in 2006. That was the rate ($800 billion that year) at which the US was going into debt to the
What Every American Needs To Understand About…
As the United States debates its economic future in light of large government budget deficits, it is important that the public has a clear understanding of how the economy works.
Why Chairman Bernanke Is Wrong [Part One]
There are many areas where my views differ from those of Ben Bernanke. Here is the first. Fed Chairman Bernanke believes in the Monetary Theory of the Great Depression, which
Economics In The Age Of Paper Money
“Irredeemable paper money has almost invariably proved a curse to the country employing it.” So wrote America’s greatest economist, Irving Fisher, in 1911. Sixty years later President Nixon severed the
THE FUTURE: AVERTING DISASTER
The future – the happiness and prosperity of mankind – will be determined by how global supply and global demand are brought back into balance. If the means are found
THE PRESENT: ON THE BRINK OF DISASTER
The global economy is in crisis. Government intervention on a multi-trillion dollar scale is the only thing preventing a worldwide collapse into a new great depression. This crisis is structural,
THE PAST: ABANDONED PRINCIPLES AND MISGUIDED …
When I was born in 1960, the political leaders of the United States believed very strongly that it was their duty to balance the government’s budget and to ensure that
How My Views Differ From:
Keynesians Bernanke and the Monetarists Free Traders The Libertarians The Tea Party The Democrats The Republicans The Bulls/the optimists The Bears/the pessimists China Bulls China’s policymakers
Economics In The Age Of Paper Money
The economic ecosystem, laissez-faire and exogenous shocks. Globalization and the collapse in the cost of labor Three kinds of Inflation Why Interest Rates are zero: What determines interest rates in