Global Economy

Iceland became a bullet train heading 100 miles an hour into a future upheld by a paper Valhalla rainbow of massive fiat-money infusions, which could fall away at any time.

Governments and bankers hate gold because its supply cannot be inflated on command.

A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anywa

A recorded mini lecture and video display purported to explain this mysterious phenomenon (mysterious to the Old Lady of Threadneedle Street, anyway). I knew that I was going to hear either a self-critical explanation or, more likely, some hogwash. Hogwash won, hands down!

The balanced budget passed away definitely in 1911, not to return again until a revolution had swept from the people of Italy their freedom, writes

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

Political upheaval has hit Finland, and it's merely a foreshadowing of bigger changes ahead.

Japan’s economy has not been stagnant; it has in fact been growing in real terms.

When the dust had settled, the crisis had wiped out trillions of dollars of investments, and the previously well-functioning credit markets had stalled.

The artificial lowering of the interest rate causes malinvestment and the ensuing financial and economic “crisis.”