What almost everyone calls “inflation” is really a rise in the general price level. OK. But the real definition of “inflation” is inflation of the money supply. A rise in the general price level is [more…]
If you thought strawberry tales was boring, then I guess you’d better hold my coat (as the saying goes). Following several days of not being able to even enter the greenhouse, apart from a cursory [more…]
Over the second half of January, we witnessed a fresh wave of volatility in equity markets, culminating in a pullback that caused widespread concern and endless headlines in the mainstream financial press. There was speculation [more…]
I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro. Most respected economists persist in defining inflation as a [more…]
Why do I persist in writing these essays on economic issues? Certainly not to influence government policy – that would indeed be a forlorn hope, despite the strength of support coming from most of my [more…]
If asked to name the most dangerous organization on the planet, I doubt that few outside of the Austrian economic community would respond “America’s central bank–The Federal Reserve Bank (The Fed)”. Nevertheless, there is no [more…]
With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]
After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face [more…]
Gold-backed civilization vs. the Welfare State Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, [more…]
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