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Showing posts with label Marginal Productivity of Debt. Show all posts
Showing posts with label Marginal Productivity of Debt. Show all posts
Friday, 5 June 2026

"Welcome to the most insidious form of inflation: when newly printed dollars bypass consumer prices and flow directly into financial assets."

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" T he [US] Federal Reserve created $4 trillion in new money [in the GFC, and another $4 trillion over Covid] yet your grocery bill bar...
Wednesday, 22 February 2023

"Monetary Policy is very difficult to understand—given it effectively operates as a political programme ... dictated by political expediency."

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“' [M] onetary policy'  ... is in fact very difficult to understand—given it effectively operates as a political programme within t...
Thursday, 12 May 2022

Exorbitant Money Creation + Unhampered Government Spending = Stagflation

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Too much government spending and too-loose monetary policy lead to rising prices, and falling economic growth rates. The Keynesian theories...
Friday, 13 November 2020

What Drives Progress: The State or the Market?

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Two views of what drives progress dominate: that it is driven by state action, or by individual entrepreneurialism and innovation. A recent ...
Thursday, 7 May 2020

Money Pumping Won’t Fix What’s Wrong with the Economic System

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Central banks everywhere, including our own, are in the process of "expanding their balance sheets" to "counter the ...
1 comment:
Monday, 6 April 2020

"Stimulus" from the Santa Claus state will fail us as badly as their phony boom

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The world was already awash in debt, borrowed into thin air by the banking system. The cracks had already begin to open up. In setting int...
2 comments:
Tuesday, 12 June 2018

QotD: "The world has so much debt that the cracks could happen anywhere... "

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"The world has so much debt that the cracks could happen anywhere... If debt were a drug, we would outlaw it. But we also know that p...
4 comments: