Tag Archives: monetizing debt
When the Voters Get Whacked Again
Yesterday, at opening bell, stocks paused for a moment and then barfed all over themselves. After that, they did it again…and again. When it was over the DOW had plunged 512 points and Wall Street had fully freaked out. Is … Continue reading
The Origins of Central Banking
Ben Bernanke must think he’s an amateur entertainer. Tomorrow, after 98 years of silence, the Fed Chairman will give the central bank’s first-ever press conference. Here at the Economic Prism we’ll be watching with wide eyes and anticipation…hoping for the … Continue reading
A Monument to Ugliness
Here in the land of fruits and nuts we paid $3.89 for a gallon of the cheap stuff on Monday night. No doubt, gas prices will soon top $4 per gallon. No doubt, these gas prices bite. But not only … Continue reading
Turning the World Upside Down
Some Words On Inflation “Inflation is always and everywhere a monetary phenomenon,” said Milton Freidman. What he likely meant is that inflation is the increase in the supply of money relative to the supply and demand for goods and services … Continue reading
