Cantillon Effects: Why Inflation Helps Some and Hurts Others
What happens with an increase in the money supply, rather than an increase in savings?
Continue readingWhat happens with an increase in the money supply, rather than an increase in savings?
Continue readingSavings are about consumer goods production in excess of the consumption of these goods. Saving is not about…
Continue readingWe clearly need to add “outliving our savings” to the ever-lengthening list of future risks. Gold Bugs, that means turbocharge your…
Continue readingContrary to the popular thinking, economic depressions are not caused by a strong decline in…
Continue readingThe massive monetary pumping by the Fed has likely undermined the pool of savings already. Consequently, the economic growth rate will…
Continue readingThe United States economy is living on borrowed time…
Continue readingIn the real world, one has to become a producer before one can demand goods and services…
Continue readingOnly 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 readingRegardless of how knowledgeable we are and regardless of various technological ideas, without an expanding pool of real savings, economic growth…
Continue readingSomething good is coming out of the covid lockdowns…
Continue readingWe can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was…
Continue readingThe 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 readingThere 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 readingMore 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 readingThe Great Depression of 1930s occurred because of the Fed’s loose monetary stance from October 1920 to August 1924, which undermined the…
Continue readingSo 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 readingPeople 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 readingTheir conclusions are not only false, but foolish…
Continue readingThe heart of economic growth is the expanding pool of real savings. Monetary pumping destroys the flow of real savings and in turn…
Continue readingThis 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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