Debt-Financed Trade Caused The New Depression
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
Category Archives: Economics in the Age of Fiat Money
What Every American Needs To Understand About The Economy
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
Economics In The Age Of Paper Money
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
Economics In The Age Of Paper Money
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: