Articles related to Growth
Frank Shostak
  Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May.Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time now. Softer real output growth important reason why hourly earnings remain under pressureAccording to the US Government’s own data, since 2000, in terms of industrial producti
Wednesday, June 19, 2019
Nathan Lewis - New World Economics
The View From 2011
Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017: The “Gold Sterilization” of 1937 June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling We will look at an influential 2011 paper by Douglas Irwin, available here: All in all, I think the paper is pretty good, at least in its basic descriptions. It meanders into the usual channels of pointless Monetarism, with some equally pointless math, but it does
Tuesday, June 11, 2019
Charleston Voice
  Global Times - Hard lessons from China's silver standard 
History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go? Source:  [08:30 July 15 2009] Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since t
Monday, June 10, 2019
Alasdair Macleod - Finance and Eco.
  Understanding money and prices
This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail i
Monday, June 3, 2019
Robert Blumen - 24hgold
Real Bills, Phony Wealth 
"The masses are misled by the assertions of the pseudo-experts,” wrote Mises, “that cheap money can make them prosperous at no expense whatever.” The damage that this inflationary fallacy has done to our monetary institutions cannot be over-estimated. In spite of efforts by classical and Austrian economists to refute it, it refuses to die. It has been resurrected under many guises, but all with the same error at its core: that printing money can create real wealth.
Monday, May 13, 2019
Mickey Fulp - Mercenary Geologist
The Life Cycle of Money
In the aftermath of the global economic crisis of 2008-2009, governments throughout the world have fostered a tenuous recovery predicated on massive increases in money supplies and debasement of currencies. Note however, that monetary debasement is not a recent phenomenon; it is simply the natural life cycle of money.There are six well-defined stages in the life cycle of money. This progression has occurred in every dominant civilization
Saturday, May 11, 2019
Anne Robert Jacques Turgot
The Fundamental Difference between Fairs and Markets
The word fair, which is derived from forum, a public square, was originally synonymous with that of market, and is still so in certain respects. Both signify a gathering of sellers and buyers at a set time and place, but the word fair seems to present the idea of a more numerous, more solemn, and consequently, less common gathering. The use of these two words in ordinary language appears to be determined by this distinction, which is immediately perceptible, but which itself arises from a less o
Friday, May 10, 2019
Antal E. Fekete - Gold University
Economic Aspects of the Pension Problem: Part Two
Sunday, April 28, 2019
Steve Saville - Speculative Investor
Why bad economic theories remain popular
Ludwig von Mises and Friedrich Hayek, the most prominent “Austrian” economists of the time, anticipated the 1929 stock market crash and correctly predicted the dire consequences of government attempts to artificially stimulate economic growth in the aftermath of the crash. John Maynard Keynes, on the other hand, was totally blindsided by the stock market crash and the economic disaster of the early 1930s. And yet, Keynes’s theories gained enormous popularity during the 1930s whereas the work of
Sunday, April 28, 2019
Ronan Manly - Bullion Star
New Gold Pool at the BIS Basle, Switzerland: Part 1
“In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”      13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England Introduction A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as t
Thursday, April 18, 2019
Frank Shostak
The Connection Between Money-Supply Growth and Inflation
In the article “Rapid money supply growth does not cause inflation” written by Richard Vague at the Institute for New Economic Thinking, December 2, 2016, the author argues that empirical evidence shows that increases in money supply has nothing to do with inflation. According to Vague,Monetarist theory, which came to dominate economic thinking in the 1980s and the decades that followed, holds that rapid money supply growth is the cause of inflation. The theory, however, fails an actual test of
Tuesday, April 9, 2019 -
Supply Crunch Or Oil Glut: Investment Banks Can't Agree
In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC's production cuts, geopolitical factors, and unexpected outages to further complicate supply/demand and oil price forecasts by Wall Street's major investment banks. The biggest banks remain bullish on oil prices, expecting moderate price gains by the end of the year, even after last month WTI prices dropped below $50 for a couple
Tuesday, March 19, 2019
Nathan Lewis - New World Economics
March 18, 1968 - "Good Money Is Coined Freedom" Speech by William McChesney Martin, 1968
Today, we have a speech by the Chairman of the Federal Reserve, William McChesney Martin, given on March 18, 1968. At this time, the Bretton Woods era was coming to an end, not because of some inherent problem, but because those in charge of maintaining it (including Martin) really didn't know what they were doing. It was the simplest thing in the world -- a time of peace and prosperity worldwide -- but they were not up to the task. click here for "Good Money Is Coined Freedom," by William McC
Monday, March 18, 2019
Antal E. Fekete - Gold University
Is Aggregate Debt Excessive
Friday, March 8, 2019
David Zurbuchen
The World's Cumulative Gold and Silver Production 
This is the first installment of a planned 7-part series: Part 1 - The World's Cumulative Silver and Gold Production. Documenting the total amount of silver and gold produced since recorded history. Part 2 - The Silver Deficit. Documenting the silver production/consumption deficit since 1942. Part 3 - The Real Silver Deficit. Answering the questions of "How much silver has been consumed by industry?" and "In what potentially marketable accessible forms does it remain?" Part 4 -
Wednesday, March 6, 2019
Gerard Jackson
The "wealth effect" an Austrian view
It is being said that if the fed could just get the ‘wealth effect’ into motion the US economy would fully recover from the recession. But the ‘wealth effect’ is a phantom, the sort of economic fallacy that only a Keynesian could conjure up.  Those who support this fiction argue that a stock market’s performance is driven by a net inflow of funds which in turn is driven by economic growth. They go further by saying that growth in turn is driven by investment, innovation and productivity, all of
Friday, March 1, 2019
Charleston Voice
Banker Gold Price Suppression Currency Manipulations Have Persisted for 50 years
This 1967 meeting of the FOMC nearly 46 years ago is clear and indisputable evidence of gold price suppression and currency manipulation of the world's "free" and "open" market exchanges.  This criminal cabal has certainly built up their mechanisms since this time to conceal their sinister scheme from issuing dishonest money. It's blatant now and all of "in your face" is their behavioral response to inquiry. Damn the torpedoes, full steam ahead. If you find this too cumbersome to read, the Fed
Tuesday, February 26, 2019
Jeff Clark - Goldsilver
What Happens to Gold and Silver When the Stock Market Crashes
Many investors hold gold and silver to hedge against various crises. But does this hedge hold up during stock market crashes?It’s a common assumption that gold and silver prices will fall right along with the market. And if that’s the case, wouldn’t it be better to wait to buy them until after the dust settles?Before formulating a strategy, let’s first look at price data from past stock market crashes…The Message from HistoryI looked at past stock market crashes and meas
Friday, February 8, 2019
Robert Blumen
What Is Key for the Price Formation of Gold
Robert Blumen discusses some important but widely misunderstood elements acting on the gold price. He explains that frequently cited gold demand statistics have no relationship to the gold price. In addition, he explains that the annual gold mine production is of very little influence, as gold is hoarded, not consumed like other commodities. Robert Blumen was born in 1964 and gr
Saturday, February 2, 2019
Graham Summer - Gains Pains & Capital
The West Will Become The New ‘Third World’: PricewaterhouseCoopers 
Hold your real assets outside of the banking system in one of many private international facilities  -->  The West Will Become The New ‘Third World’: PricewaterhouseCoopers Written by Jeff Nielson (CLICK HERE FOR ORIGINAL) First World The term “First World” refers to so called developed, capitalist, industrial countries, roughly, a bloc of countries aligned with the United States after word war II, with more or less common political and economi
Wednesday, January 30, 2019