Cantillon Effects: Why Inflation Helps Some and Hurts Others
What happens with an increase in the money supply, rather than an increase in savings?
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Money and Savings Are Not the Same Thing
Savings are about consumer goods production in excess of the consumption of these goods. Saving is not about…
Continue readingYet Another Retirement Risk You May Not Be Considering
We clearly need to add “outliving our savings” to the ever-lengthening list of future risks. Gold Bugs, that means turbocharge your…
Continue readingHow to Avoid Depressions? Foster Saving and Investment
Contrary to the popular thinking, economic depressions are not caused by a strong decline in…
Continue readingMoney Supply Growth Is Slowing: That Points to a Slowing Economy
The massive monetary pumping by the Fed has likely undermined the pool of savings already. Consequently, the economic growth rate will…
Continue readingThe US Misery Index Shows How Weak This Recovery Is
The United States economy is living on borrowed time…
Continue readingSavings Are the Foundation of Economic Growth
In the real world, one has to become a producer before one can demand goods and services…
Continue readingWarren Buffett: “Retirees face a bleak future”
Only a handful of people in the world have the ability to set interest rates and inflation policy, or to manage Social Security back to health. Chances are…
Continue readingTechnology Alone Won’t End Poverty: We Need Savings First
Regardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, economic growth…
Continue readingThe Upside of Lockdowns: More Saving
Something good is coming out of the covid lockdowns…
Continue readingRich Millennials Plot the End of Civilization
We can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was…
Continue readingIt Should Shock Us That There’s Any Consumer Price Inflation at All
The conclusion that central bankers and vulgar Keynesians want us to draw from tepid growth in consumer prices is that since consumer price inflation is…
Continue readingThe “Great Reset” and Plans for a Global War on Savings
There is an enormous risk that governments will use the excuse of canceling part of their debt with a decision to cancel a large part of our savings….
Continue readingWhy Government Stimulus Sometimes Looks like It Revives the Economy
More government and central bank stimulus policies are likely to further weaken the pool of real savings and place the economy on the path of…
Continue readingA Drop in the Money Supply Was Not the Cause of the Great Depression
The Great Depression of 1930s occurred because of the Fed’s loose monetary stance from October 1920 to August 1924, which undermined the…
Continue readingOn Fiscal Crisis, Savings, Debt And Gold: When Ancient Greece Experienced Their Own “2020”
So while ancient Athens met its crisis with a surplus of nearly $25,000 per citizen, the US has a deficit of $80,000 per citizen. And remember…
Continue readingThe Saving Problem in America: Alternatives and Reforms
People don’t understand the importance of savings, but believe the demonization of savings as a “leakage” from the economic system and that hoarding money is…
Continue readingMMT’s Very Odd Definition of “Savings”
Their conclusions are not only false, but foolish…
Continue readingSavings Are Critical to a Prosperous Economy
The heart of economic growth is the expanding pool of real savings. Monetary pumping destroys the flow of real savings and in turn…
Continue readingCentral Banks Are Destroying What Was Left of Free Markets
This is NOT an exercise without cost. It’s no longer robbing Peter to pay Paul. It’s robbing Peter to pay Peter…
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