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 | Antal E. Fekete - Gold University |
That Accursed Propensity To Save  |
| .Monday, December 7, 2020 |
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 | Robert P. Murphy |
The Broken-Window Fallacy  |
| Free-market economists have triumphantly cited the broken-window fallacy whenever someone opines that a destructive act, whether a natural disaster or man-made catastrophe, is paradoxically "good for the economy." The reference is to a classic lesson given by the economistFrédéricBastiat in 1850.Thursday, November 26, 2020 |
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 | Nathan Lewis - New World Economics |
| Why Base Your Money On Gold A Simple Answer For First-Timers |
| The United States embraced the principle of a gold standard – a dollar whose value was linked to a defined quantity of gold – from 1789 to 1971, a stretch of 182 years. During this time, the U.S. was the most successful of any major country, expanding from thirteen war-ravaged states along the AtlanticSunday, November 15, 2020 |
|
 | Jesse - Le Cafe Américain |
US Dollar Valued In Gold Since 1718  |
| How many ounces of gold can $1000 buy?
The answer over time is instructive. Here is some knowledge about money.
It is remarkable how few economists really understand this, and what it means, what it implies.
Here is Paul Krugman's opinion on the currency war and the US dollar in a recent piece called Godwin and the Greenback. I think it speaks for itself. And he is certainly not the worst economic voice out there, which is what makes this so disconcerting. At least he is not an ausSunday, October 25, 2020 |
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| Antal E. Fekete - Gold University |
| Forward Thinking On Backwardation |
| .Thursday, October 8, 2020 |
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| Antal E. Fekete - Gold University |
| The Goldbug, Variations V |
| .Thursday, September 3, 2020 |
|
| Robert P. Murphy |
Krugman Kontradictions  |
| I am a long-time critic of NYT columnist and Nobel laureate Paul Krugman. In addition to my podcast “Contra Krugman” (co-hosted with Tom Woods), over the years I’ve also written dozens of online articles pushing back against our era’s most influential disciple of Keynes. Some of my favorite essays are now available in my new book, Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian. The book is 600+ pages, grouped together by topic, including such issues as fiscal stimulus, thThursday, October 4, 2018 |
|
 | Egon von Greyerz - Matterhorn AM |
| THE DOLLAR – FROM BOHEMIA TO BUST |
| Virtually no investor studies history and the few who do always think it is different today. The most important lesson is that people never learn. If they did, they wouldn’t be invested in a stock market that on any criteria is now at a bubble extreme. And they wouldn’t be invested in a global debt market which has grown exponentially in recent decades and which will become worthless in the next few years as debtors default. Nor would anyone hold paper money which is down 97-99% in the last 100Friday, February 9, 2018 |
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 | Mish - Global Economic Analysis |
| Amazon "Basics" Well Beyond the Basics: World Domination |
| Amazon keeps expanding its market share. Its "Basics" program and Amazon "Prime" explain why. Time to bust up Amazon?Quartz reports AmazonBasics is Well Beyond the Basics.
Amazon launched a house brand, called AmazonBasics, in 2009. It was originally a way for Amazon to sell low-cost, generic versions of electronics accessories, like cables and plugs. Over time, Amazon has expanded its offerings dramatically, to the point where it’s difficult to see how the brand still refers to “basic” productThursday, December 21, 2017 |
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| Egon von Greyerz - Matterhorn AM |
 ONLY CONTRARIANS WILL SURVIVE |
| We are currently standing before one of the most unique and frightening periods in history. Never have there been so many extremes in so many different areas. In the last 100 years everything seems to have developed so much faster, including population, technology, inflation, debt, money printing, budget deficits, stock, bond and property prices, crypto currencies etc.
All of these areas are now in an exponential growth phase. The final stage of exponential growth is explosive and looks like a sSunday, November 5, 2017 |
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 | Bob Hoye - Institutional Advisors |
| Optimistic About the Global Economy |
| Perspective
The headline about the cost of not being fully invested was from the manager at JP Morgan Asset Management who added "I've never been so optimistic about the global economy."
We are still disturbed by last week's observation from a very big money manager that the main risk is "policy error" by the Fed. This could be based upon 2007, when there was adamant conviction that the Fed, in making the perfectly-timed "cut" in the administered rate, could keep the mania going. One conclusion Monday, October 30, 2017 |
|
| Sprott Money |
| Kotlikoff: America in Worse Financial Shape than Russia or China - Peter Diekmeyer |
| America’s
2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion
deficit
announced by the US Department of the
Treasury week, says Laurence Kotlikoff, an economics professor at Boston
University.
“Our
country is broke,” says Kotlikoff, who estimates total US government debts at
more than $200 trillion, when unfunded liabilities are included. “We are in
worse shape than Russia, China or any developed nation.”
Worse,
says Kotlikoff, who has
testified
before ConThursday, October 26, 2017 |
|
 | Alasdair Macleod - Finance and Eco. |
| The productivity myth |
| Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being in the EU. As Hilaire Belloc put it, we must hold on to nurse, for fear of something worse.Only this week, the OECD came out with a paper repeating its disproved nonsense about the Thursday, October 19, 2017 |
|
 | Adrian Ash - Bullion Vault |
| The Guild of Thrall: Warsh Fed Edition |
| Measured and authoritative. So there...
SO WHAT qualities might Donald Trump want in the next chair of the Federal Reserve?
asks Adrian Ash at BullionVault.
"We'll do whatever we can do to
prevent Kevin Warsh from taking on the role," says Jennifer Epps-Addison, president of the self-declared 'pro-worker, pro-immigrant'
Center for Popular DemocrFriday, October 6, 2017 |
|
| Nathan Lewis - New World Economics |
| One Nation Under Gold (2017), by James Ledbetter |
| One Nation Under Gold (2017), by James Ledbetter, is, pretty much, a gold-bashing exercise. I think it is propaganda: that is to say, not a forthright expression of an individual’s independent and informed view, but an intentional effort to mold public opinion to serve certain agendas. The tone and method is very much like The Power of Gold: the History of an Obsession, by Peter Bernstein, seventeen years earlier — so similar, indeed, that it sometimes seems that it could have come from the sameTuesday, October 3, 2017 |
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| Mish - Global Economic Analysis |
| Bloomberg’s View: “US Superstar Companies Gouge Consumers, Underpay Workers and Invest Too Little” |
| In a “Bloomberg View,” Noah Smith says America’s Superstar Companies Are a Drag on Growth.
The U.S.'s superstar companies gouge consumers, underpay workers and invest too little https://t.co/zmjHKWCTJd pic.twitter.com/d6ZwtQk9Az
— Bloomberg View (@BV) September 4, 2017
Amazon is gouging consumers? Walmart? Google?
The article did not mention a single superstar company that is gouging consumers. Instead, Smith cites studies that also fail to mention a single company that is gouging consumersTuesday, September 5, 2017 |
|
 | Frank Shostak |
| Does Government Spending Create More Economic Growth |
| After the 2007-2009 global financial crisis, fears of ballooning public debt and worries about the drag on economic growth pushed authorities in some countries to lower government spending, a tactic that economists now think may have slowed recovery. Note that in the United States the total debt to GDP ratio stood at 349 in Q1 this year.In a paper presented at the Kansas City Federal Reserve’s annual economic symposium on August 26 2017, Alan Auerbach and Yuriy Gorodnichenko from the UniversityMonday, September 4, 2017 |
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| Mish - Global Economic Analysis |
| Debunking MMT, Keynesianism, Monetarism: Reader asks “What theories do you believe” Mish Reading List |
| In Central Banks Puzzled as Global Inflation Hits Lowest Level Since 2009: Solving the Puzzle I stated: “It’s no mystery why central bankers are mystified: Collectively, they are economically illiterate fools engaged in Keynesian and Monetarist group think.”
Reader Jon wants to know what I do believe and if I have any links.
Specifically, Jon asked: “Mish, if you are not a Keynesian nor a monetarist, what theories do you believe and do you have links or references about them?”
I subscribe to thTuesday, August 8, 2017 |
|
 | Michael Pento - Delta Global Advisors |
| The Death of Abenomics; the Rise of Interest Rates |
| Job approval numbers for Japan’s Prime Minister Shinzo Abe are in freefall. Abe's support has now fallen below 30%, and his Liberal Democratic Party recently suffered heavy losses stemming from a slew of scandals revolving around illegal subsidies received by a close associate of his wife. But as we have seen back on this side of the hemisphere, the public’s interest in these political scandals can be easily overlooked if the underlying economic conditions are favorable. For instance, voters werMonday, August 7, 2017 |
|
| Egon von Greyerz - Matterhorn AM |
| DEBT SLAVERY + FAKE MONEY = FINAL COLLAPSE |
| Over the last 150 years, the West has gone from human slavery to debt slavery. Slavery was officially outlawed in most countries between the mid 1800s and early 1900s. In the British Empire, it was abolished in 1834 and in the US in 1865 with the 13th amendment.
But it didn’t take long for a different and much more subtle form of slavery to be introduced. It started officially in 1913 with the creation of the Federal Reserve Bank in New York. More than 100 years before that, the German banker MaMonday, August 7, 2017 |
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