Tag Archives: jerome powell
The Great Donkification
The U.S. national debt has now eclipsed $28 trillion. The budget deficit for the 2021 fiscal year will likely run up to nearly $3 trillion – possibly more. Hence, it will be financed with printing press money…that is credit created from thin air by the Federal Reserve and loaned to the Treasury. Continue reading
Jerome von Havenstein: Inflation Or Bust
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 a central banker’s central banker. He was good at it. Continue reading
The Great Egghead Caper
The eggheads, you see, through policies of dollar debasement, are robbing what remains of the private capital stock of individual citizens. This is the great egghead caper. Continue reading
Loathe for the Stimulus Era
The days in the northern hemisphere inch shorter. The predawn darkness greets us as we step down our front stoop in the morning. Nightfall welcomes us when we return in the evening. Yet while the days inch shorter. The stock market zigs and zags. One day it’s fear. The next day it’s greed. Continue reading
