Tag Archives: crack-up boom
gold is moving independently of the dollar
At least that’s what Elizabeth Tawne is saying. And her take on this is that this is a sign of beginning to be used more widely as a store of value for those whose funds would otherwise be threatened by the inflationary tendencies of governments with fiat currency. If she’s right, that’s one more step [...]
What’s Mitch reading? And what’s the Austrian theory of the trade cycle?
This. The question is this–is it possible to control boom cycles? Now, the continual position of the bureaucrats of the US treasury department is that we can, while simultaneously sprucing up the economy with thin-air-invented dollars that have no real underlying meaning. This position has been held even though a series of financial crisis has [...]
Posted in economics Also tagged austrian theory of the trade cycle, boom and bust, deflationary recession, fiat currency, fritz machlup, inflation, monopoly money Leave a comment
new estimates on budget deficit released
(story) A bipartisan committee in Congress has released projections for the next ten years. They estimate that over the upcoming decade, there will be a total of 9.8 trillion in deficits, bringing our debt up to 20.28 trillion. For those who, like me, simply feel numbness at that figure, that’s almost 1 1/2 times the [...]
inflationary disaster: why we’re not there yet and why we may be soon