April 19, 2011
A New Economic Paradigm
Since the 1980s, a culture of debt has arisen in the United States. That change was the consequence of a misguided trade policy that gave
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April 9, 2011
The Loose Cannon Credit Crisis
Starting in the 1970s, international credit flows began to destabilize the global economy. One country after another was plunged into crisis as dollar-denominated credit from
April 4, 2011
ABANDONED PRINCIPLES
There should be no confusion as to the origins of the global economic crisis that began in 2008. This crisis was set in motion in
March 21, 2011
BERNANKE’S CHOICE
For twelve years the US trade deficit financed the US budget deficit and held down US interest rates. From 1996 to 2008, the US trade
March 9, 2011
Why Won't Bernanke Come Clean on Glut?
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by
February 21, 2011
The Great Depression and The New Depression
A worldwide economic depression began in 2008. This New Depression was caused by the same factors as the Great Depression and followed exactly the same
February 12, 2011
Currency Manipulators Created $7 Trillion, Causing The Global Economic Bubble
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
February 5, 2011
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
January 19, 2011
What Every American Needs To Understand About The Economy
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
January 13, 2011
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
January 6, 2011
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
December 22, 2010
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.
December 15, 2010
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
December 11, 2010
THE PAST: ABANDONED PRINCIPLES AND MISGUIDED POLICIES
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
November 26, 2010
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
November 26, 2010
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:
November 25, 2010
The Past: Abandoned principles and misguided policies
Policy Mistakes Unbalanced Budgets The End of Sound Money Promoting Trade with no concern for the balance of trade Financial Sector Deregulation Economic Management through
November 25, 2010
The Present: On the brink of disaster
The Condition and Outlook for the global economy How is the GDP calculated? The breakdown of global GDP by country The Outlook for the US
November 25, 2010
The Future: What Must Be Done
Understanding our starting point: the brink of disaster. The life raft analogy. What caused the Great Depression? Policy Options Cut government spending now Maintain current
November 25, 2010
Investment Implications
What is Quantitative Easing? The most probable outcome A diversified portfolio Cash Flow: Make something and sell it. 2 – Why is audience important for
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