Summary: What makes an experiment is uncertainty about the outcome, no matter how great people's confidence. That applies to the great monetary experiments now in progress by China, Europe, America, and Japan. Europe since 2008, the USA since 1998, and Japan since 1988 all have common histories: confident leadership, unexpected crises, and repeatedly wrong forecasts. After all that … Continue reading Let’s learn about hyperinflation. Who knows what the future holds for us?
Summary: How we handle our fears shows much about ourselves, our ability to see and think. Such as fear of inflation, a major obsession of Right since the crash. Here we look at the warning, see what actually followed, and briefly review the basis of these fears. Contents The inflationistas' story. What inflation? Warning: velocity. … Continue reading Lessons from the failed forecasts of inflation since the crash
Summary: Although one of the most power agencies of the US government, obsessively discussed in the financial news, it remains one of the least well understood. Here we examine the limitations on its power. Readers can decide for themselves if these limitations are too tight, or too loose. Next in a series about Central Banks, … Continue reading What are the limitations of the Fed’s power? It’s neither impotent nor omnipotent!
Summary: Not a day goes by that investment or political (conservative) writers don't assure us that inflation is coming to the US -- or even here. Except when they're warning of hyperinflation (for the right-wing its always Weimer-inflation, except when it's NAZI-Munich). This post shows the evidence that they're wrong, and a possible source of this hysteria. Note: if … Continue reading Inflation is coming! Or so we’re told. Instead look at the evidence.
Summary: Can Obama make America like Zimbabwe? Or is this widespread warning a sign that we've become gullible fools? The easy acceptance of this preposterous warning suggests the latter. It's sad that such a post is necessary. Worse, explaining these facts is unlikely to change the mind of many people believing this nonsense. This is … Continue reading Can Obama turn America into something like Zimbabwe?