Category Archives: Inflation
Plume Economics
Central banking, dishonest money, and big bank bailouts. Earlier this week we referred to these as a trifecta of depravity. We also noted how through the Fed’s mechanism of mass money creation financial assets – overwhelmingly owned by the wealthy … Continue reading
Monetary Activism
Sometime in the 1950s twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. At the cornerstone, is the notion that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic prosperity. These periods … Continue reading
Scientific Management of the Economy is Absurd
A Fed insider shattered the glass and pulled the fire alarm this week. “A strengthening U.S. economy may force the central bank to hike rates ‘sooner rather than later’ to stay ahead of inflation,” Philadelphia Federal Reserve President Charles Plosser … Continue reading
To The Class of 2014
Commencement season is here. Though no trade school or remedial academy invited us to address their graduates, we won’t let that get in the way. What follows, free of charge, are several observations, opinions, and suggestions, we’ve prepared for this … Continue reading
