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