Tag Archives: bill bonner

Coming Down from Cloud Cuckoo Land

In between the birth and death of capital there’s a wide-ranging succession. The lifecycle of capital generally follows that it is imagined, produced, consumed, and destroyed. How exactly this all takes place involves varying and infinite undulations. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 4 Comments

The Triumph of Madness

Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was good at it. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 15 Comments