The Return of Inflation Or Printing Money is Easy – Investing it Well is the Difficult Part
Current central bank policies of rapid monetary expansion are aimed at preventing deflation. In fact they might well have the exactly opposite effect.The Real Purpose of Government Grants
We all know that government grants are a way for the citizens of a country to get free money from the tax payers, but the question is what’s the whole point of doing that? Many people work very hard and do great things with their intelligence and business acumen, but get no help from the government at all. Why provide government grants to some people and not others if we all pay our fair share of taxes?Forgetting Sound Money and Classical Economics
On 15 August 1971, Richard Nixon severed the dollar’s link to gold and destroyed Bretton Woods, the world’s monetary system. For three centuries before 1971, the world more or less had stable money. After a series of steps in the 1960s and early 1970s and ending on 15 August 1971, it no longer did.Unemployment Problem – How Can We Remove It?
The unemployment problem has become a great concern all over the world. Unemployment means the state of being without any work, both for educated and uneducated persons, for earning one’s livelihood.Where the New Zealand Markets Currently Sit in the Global Economy
2009 will go down in history as one of the most remarkable years on record for markets around the world, including New Zealand. The year began where 2008 finished, with the world facing financial Armageddon, but ended with investors enjoying a year of generally reasonable returns, after such an awful 2008.It’s Time to Play D
The world in a nutshell: The debt crisis in Europe is scaring the bejesus out of the world markets. Although the market is getting hit of late, it still appears that the decline is a normal correction and not the beginning of the end…but we must prepare for both.Is China Becoming Too Big to Fail? Why Not Break it Up Into Smaller Nation-States?
We’ve all heard the phrase “too big to fail,” and this is a recurring phrase that we hear whenever there is a financial crisis with an extremely large company or a whole country. This phrase has been used for nearly a century, and it became much more common during the time when Lee Iacocca put forth his plan to rescue Chrysler and asked the government for help.No Rating Agency Involved in Rating Credit Default Swaps Or Mortgage Bundles Should Exist Now
There seems to be a lot of talk in the financial news lately about rating agencies. Many believe, as well as myself, that the rating agencies played a huge part in the global financial fiasco that humankind has gotten itself into. Now the Congress wants to take up new rules and regulations to watch over the rating agencies. This is a classic example of who is watching those who are watching?Let’s Keep Banking Boring – No More of This Nonsense Please!
Since when should banks be allowed to use proprietary trading systems and supercomputers sitting on top of Internet hubs to make trades with positions lasting no longer than 11 seconds, and trading with microsecond accuracy, and doing it all day long, every day? This is not their business model or within their charter. The stock market has turned into a gambling casino, and the reason we built it was to capitalize American businesses.The Need For Sound Money
Humans are by nature capitalists and cooperative. This is true for the most primitive family unit as it is true for modern day society. As people turn to one commodity as a medium of exchange, money is slowly created over time. Money allows for more trade and is a measurement of value. For an economy to work smoothly the information must remain stable.Sovereign Debt Crisis Hard Hits the Globe
Sovereign debt crisis is hard hitting the country around the world. It’s time to wake up and make a wise assessment of the causes, signs, and symptoms of debt crisis.