Macro Confusion: Inflation, Commodities, and the Fed
The fact is that it is their money pumping that is driving both GDP growth and commodities prices — but not the real economy.
Prices
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4.01. Prices and Consumption: Money Prices
From Man, Economy, and State, narrated by Jeff Riggenbach.
2.05. Determination of Price: Equilibrium Price
From Man, Economy, and State, narrated by Jeff Riggenbach.
2.09. Continuing Markets and Changes in Price
From Man, Economy, and State, narrated by Jeff Riggenbach.
Six Fundamental Errors of the Current Orthodoxy
What they don’t understand: aggregation, relative prices, interest rates, capital structure, money pumping, and regime uncertainty, writes Ro
Money Can’t Buy You Economic Prosperity
We cannot eat money. We cannot wear money. We cannot live in money. Money can’t buy you love, writes Shawn Ritenour.
The Moral Imperative of the Market
If it is true that prices are signals which enable us to adapt our activities to unknown events and demands, it is evidently nonsense to believe th
The Fed Obliterates the Savings Ethic
Lord Keynes was constantly worried that people were saving too much and consuming too little — thus the need for more and cheaper money to stimulate the economy. Mr. Bernanke is nothing if not a good Keynesian, and his low rates make even the savviest question whether to forgo consumption.
Is Inflation Harmless or Even Good?
A Fed employee argues that inflation is harmless. I argue that it is a rip-off for everyone who uses dollars.
