Follow us or the Bunny gets it. No
Bunny gets it

Subscribe for newsletter


Follow us in Twitter



Gold standard and monetary metals:


Subscribe for browser push notifications

Category Archive: 6b) Austrian Economics

Filter archive by: Show All Show only Articles Show only Videos

In Memoriam: Dr. Tibor Machan

2016-04-11

by

2016-04-11

  A Rara Avis – The World Is Poorer Without Him In It Our friend Dr. Tibor Machan, a greatly valued contributor to this site, has passed away on March 24.   Dr. Tibor Machan, libertarian philosopher   Unfortunately, we haven’t known Tibor for very lo...

Read More »

ZIRP, NIRP, QE, Bank Collapse and Helicopters Coming Too Late – The Lehman Effect Hits Europe – Hard!

2016-04-11

by

2016-04-11

It's official, I'm calling a banking crisis in Europe. Things didn't go well the last time I did this. Of course, many will say, "But the rating agencies have learned their collective lessons. They would most assuredely warn us if the European banks...

Read More »

A Fatal Flaw in the System

2016-04-11

by

2016-04-11

  The Hard Rocks of Real Life BALTIMORE – The Dow dropped 174 points on Thursday, the biggest fall in six weeks. Not the end of the world. Maybe not even the end of this year’s bounce-back bull run. As you’ll recall, stocks sold off at the beginning ...

Read More »

Gold – The Best Defense Strategy

2016-04-08

by

2016-04-08

  The War on Cash is on! If you are used to making visits to your bank to make your credit card payments, you may find this no longer an option in the future. Some banks are no longer accepting (or limiting their acceptance) of cash deposits. The war...

Read More »

Why Janet Yellen Can Never Normalize Interest Rates

Bill Bonner explains why the Fed will normalize interest rates. With higher rates, Yellen risks corporate profits and bond defaults. With higher rates, Yellen risks not only bond defaults, but also bank defaults.

Read More »

Frisky Yen Upsets Japan’s GOSPLAN

2016-04-06

by

2016-04-06

  It Wasn’t Supposed to Do That… When you’re a central banker in a pure fiat money system and even your ability to print your own currency into oblivion is questioned by the markets, you really have a problem. This is actually funny on quite a number...

Read More »

Going Into Debt to Invest Into Debt…

2016-04-06

by

2016-04-06

  Bankers Hate It When You Hold Cash In an extraordinary turn of events, last week we were contacted by our local bankers. Since we were turned down for a mortgage in 1982 (our business finances were thought to be “too shaky”), we have had little tru...

Read More »

Rotten to the Core

2016-04-06

by

2016-04-06

  Poison Money BALTIMORE – We live in a world of sin and sorrow, infected by a fraudulent democracy, Facebook, and a corrupt money system. Wheezing, weak, and weary from the exertion of trying to appear “normal,” the economy staggers on.   Staggering...

Read More »

A Tribute to the Jackass Money System

2016-04-04

by

2016-04-04

  A Witless Tool of the Deep State? Finance or politics? We don’t know which is jollier. The Republican presidential primary and Fed monetary policies seem to compete for headlines. Which can be most absurd? Which can be most outrageous? Which can ge...

Read More »

The Other Problem with Debt No One is Talking About

2016-04-01

by

2016-04-01

  Faux Growth Recovery Nearly 7 years have elapsed since the official end of the Great Recession.  By now it’s painfully obvious the rising tide of economic recovery has failed to lift all boats.  In fact, many boats bottomed out on the rocks in earl...

Read More »

Federal Devolution

2016-04-01

by

2016-04-01

  Leaning Into the Wind BALTIMORE – During our lifetime, three Fed chiefs have faced a similar challenge. Each occupied the chairman’s seat at a time when “normalization” of interest rates was in order.   Recently, we remembered William McChesney Mar...

Read More »

The Path to the Final Crisis and Negative Rates

2016-04-01

by

2016-04-01

  Reader Questions on Negative Interest Rates Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided ...

Read More »

Are We Becoming a Nation of Silver-Haired Crooks?

2016-03-30

by

2016-03-30

  A Salutary Effect BALTIMORE – “Ike and Dick Sure to Click” was an exciting election slogan. Their Democratic opponents, Adlai Stevenson and Estes Kefauver, had their snazzy campaign jingle, too: “Adlai and Estes… They’re the Bestes.” Surely, the me...

Read More »

The Pitfalls of Currency Manipulation – A History of Interventionist Failure

2016-03-30

by

2016-03-30

  The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 p...

Read More »

OPEC’s Doha Dilemma: 3mb/d US lock in?

2016-03-29

by

2016-03-29

Bawerk shows that more than 3 mb/d of American oil production was helped by US$55.5bn in credit facilities, by excessive debt. This production is now at risk and the debt may not be repaid. The big OPEC players are playing against US shale oil and some smaller OPEC members that have higher costs.

Read More »

Latin America – Seven Ugly Sisters in Deep Political Trouble

2016-03-24

by

2016-03-24

Get beyond endless Latin American headlines burning column inches and you come to far broader strategic conclusion: The seven ‘ugly Latino sisters’, namely Brazil, Venezuela, Ecuador, Bolivia, Colombia, Mexico and Argentina are all deep political trouble from collapsed benchmark prices.

Read More »

Is that Buzzing Sound Helicopter Money?

2016-03-24

by

2016-03-24

Helicopter money is the rage.  Central banks are talking about it.  Economists are debating it.  The media is rife with coverage.     While it sounds important, it is not precisely clear what helicopter money means. It appears to have originated with Milton Friedman.  In 1969, he wrote: "Let us suppose now that one day a helicopter … Continue reading »

Read More »

Greenspan, the Sheepherder

2016-03-06

by

2016-03-06

It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy. His infamous “Greenspan-put” in which his actions at the central bank would be driven, if not dictated,...

Read More »

Revolutionary Guards: The Way of the Iranian Future

2016-03-03

by

2016-03-03

Iranian elections have supposedly put a very nice ‘moderate’ spin on Iranian politics in parliamentary ranks, and more importantly, Assembly of Experts composition. While it would be churlish to deny, it represents a significant step forward for Pres...

Read More »

Increasing Price Inflation is Not a Sign of Healthy Recovery, but the Last Stage Before Recession

2016-02-29

by

2016-02-29

In a recent article by Kessler Companies (hat tip Zerohedge) they correctly point out that inflation, as measured by the consumer price index, have a tendency to accelerate as the US economy moves into a recession. Contrary to popular belief, the beg...

Read More »