Posted February 12, 2011
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
Posted February 5, 2011
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
Posted January 19, 2011
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
Posted January 6, 2011
“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
Posted November 26, 2010
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: