Category Archives: Inflation
Money Velocity Lethargy
Logic, common sense, and rational deduction are useful means for comprehending the world. But they are merely tools. The user will always be limited by the quality and quantity of the information available and their ability to properly interpret it. … Continue reading
Salting the Economy to Death
One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more … Continue reading
From Here to Eternity
Gentlemen-rankers out on the spree, Damned from here to Eternity, God ha’ mercy on such as we, Baa! Yah! Bah! — Gentlemen-Rankers, Rudyard Kipling Insults and Offenses For the first time in 80 years, vast numbers of hardworking, industrious people … Continue reading
Before the Devil Knows You’re Dead
Something rather strange is going on. Ten year Treasury yields and gold are simultaneously envisaging inflation and deflation. Yields on the ten year Treasury note have jumped from 1.98 percent to 2.34 percent during the last 30 days. Gold’s price, … Continue reading
