Tag Archives: interest

A possible hyperinflation scenario for the United States

By mitchell b powell | Published: 0112, 10th July, 2011
Let’s imagine that we lived in an insane country with a national debt at about 100% of GDP, a monetary base of 2645 billion dollars, and a deficit of 1388 trillion dollars. This will be easy for those of you who live in the Greece. Or the US. This country has a national of about [...]
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some thoughts on usury

By mitchell b powell | Published: 0204, 30th January, 2010
The post that started this train of thought is here. Summary of that post:  there once was a Catholic clergyman of the 1400′s who was remarkably ahead of his times in terms of the capitalisticness of his thoughts.  Despite all this, he was entirely against the charging of interest.  Murray Rothbard, writing as an economist, [...]
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