Let’s learn about hyperinflation. Who knows what the future holds for us?

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?

Lessons from the failed forecasts of inflation since the crash

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

Conservatives were correct: we have record-breaking inflation! What’s next?

Summary: Today we look at inflation, past and present. It tells much about who to trust for economic analysis, the current state of the US economy, and what we can expect in the future. . Contents Introduction The inflation picture Implications Why has inflation fallen since 2011? Others see the rise in real rates For … Continue reading Conservatives were correct: we have record-breaking inflation! What’s next?

The World of Wonders: Everybody Goes Nuts Together (part 2 about Monetary Magic)

Summary:  We live in an age of wonders, in which things unforeseen or even unimagined become daily fare for the news, or remain unremarked.  This is the 3rd chapter in this series, attempting to open your eyes to the amazing things taking place.  Today we have the second half of a guest post by Nathan … Continue reading The World of Wonders: Everybody Goes Nuts Together (part 2 about Monetary Magic)

What are the limitations of the Fed’s power? It’s neither impotent nor omnipotent!

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!