I have posited for years that our modern day monetary system is insane. Aside from the obvious problems with moral hazards, the inflation tax and oh so many bubbles, lately events have conspired to illuminate a glaring example of the immorality of the system.
First, let's consider the...
https://www.cato.org/blog/new-cato-cmfa-study-confirms-fed-ineffective-controlling-inflation
I haven't dug in to the details of their study yet so I don't have any thoughts as to the validity of what's been posted here. Seems a bit off though. Fed's rate policy has a huge effect on credit...
*Came across this by accident. Thought it worth sharing.
Inflation: The Soviet Tool for Destroying Money
In March 1919, the Communist Party headed by Vladimir Lenin stated in its newly drafted program that among the party objectives was the complete abolition of money. The State Bank of Russia...
Zimbabwe faced a challenge of hyperinflation in their fiat currency and decided to embrace the US Dollar and Gold coins. Details on their efforts can be found here: https://www.pmbug.com/threads/zimbabwe-made-gold-coins-legal-tender.4966/
Other countries that are fighting inflation in their...
What are the pros and cons of making inflation targeting a mandate in fiat monetary policy? Is inflation targeting inherently contradictory to a mandate to maintain currency value over time?
Most here know how inflation works. This is for any guests, lurkers who may not.
The Uncensored Truth about Inflation - How Inflation Enriches Politicians and the 1%
Feb 28, 2023
13:42
Read the transcript:
https://academyofideas.com/2023/02/the-uncensored-truth-about-inflation/
https://scholarworks.umass.edu/econ_workingpaper/343/
^ Contains link to the paper (currently free to download/view without registration)
Transitory springboard ignited by supply shocks leads to persistent problems.
Found this in the GIM archives on the Wayback MacMachine. The post date is 3/30/2010.
Paradise Lost
Johnny Silver Bear
(Editors Note: One of the perks of editing "the Bear" allows me to post my own rants. I originally published Paradise Lost in January, 2005. At the time Alan Greenspan was...
Good Read:
https://mishtalk.com/economics/is-inflation-always-and-everywhere-a-monetary-thing
Is Inflation Always and Everywhere a Monetary Phenomenon? Think carefully about my question and the measures you use to define inflation.
Milton Friedman famously said: “Inflation is always and...
The Mother of all Economic Crises
written by ron paul -- monday december 12, 2022
http://ronpaulinstitute.org/archives/featured-articles/2022/december/12/the-mother-of-all-economic-crises/
excerpt:
The crisis will lead to social unrest and violence, as well as increased popularity of...
The Rule of 72:
72 / interest rate = number of years to double money.
Right now, at CPI 7% the price of goods will double in about 10 years. Of course, thus actually means that the value of the FRN will be cut in half in 10 years (assuming a constant CPI of 7%... and assuming the CPI is an...
My Gold and Silver Bullion Dealer Warns America of a Real Conspiracy!
In this video, local bullion dealer talks about his challenges with sourcing silver and gold, the midterm elections, and what a "red wave" could mean to the price of silver and gold.
My silver dealer also warns about the...
Major slowing happening in inflation. Signals of a slowdown in corporate earnings misses and reduced forward guidance. Housing market cooling fast
Fed should pause rate hikes now and let the dust settle from their recent flury of significant increases. But...... they won't. Recession is...
Fed Defending Dollar No Matter what Crashes
Greg Hunter's USAWatchdog.com
Published October 15, 2022
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts...
Inflation 75 Year High, Unemployment 24% – John Williams
By Greg Hunter On October 11, 2022
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with John Williams, founder of ShadowStats.com, as he explains how bad the economy really is...
I bought some cows milk for the first time since I was a wee lad grabbing a jug of 2% in Cumby Farms with a buck and change while mom waiting on the running car.
Well did me me in fiat!
They want almost $7 for jug of Hiland whole milk.:oops:
I read the other day that the market cap for all crypto currencies was about 2.25 trillion world wide. Got me thinking, what if there were no crypto? Where would all that money be? Would inflation be even worse if that 2.25t was out in the economy. Are crypto investments like a sponge sucking up...
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