Tag Archives: debt
Deficit Spending is Not the Answer
Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking. Grander programs of direct stimulation are needed, they grumble. Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading
Alan Greenspan’s Pickled Economy
Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite … Continue reading
Economic Profanity
Significant changes are taking place. As we noted several weeks ago, for the first time in 27 years wealth is not flowing into emerging markets. It’s flowing out. The global economy everyone has known since the late 1980s is being … Continue reading
Black Swan Fledgling – The Debt Crisis Takes Flight
The debt based money system plods along according to plan. The Fed offers unlimited credit. Public and private entities borrow and spend it. One of the more popular delusions of contemporary culture is disbelieving the money will ever have to … Continue reading
