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Yah right. Those buildings aren't really destroyed. Those bodies aren't really dead people. It is all staged. There is no war.

It is rather easy to give you examples of these factors, but it includes events that can have a significant effect on supply and demand that is beyond the control of either Congress or the Fed, where all they can do is try to react after the fact to indirectly lessen the impact, if that. These...

Let us not forget that Congress, plays a larger role than the fed in determining the state of the economy. There are many factors beyond Congress and the Fed that play important roles.

The "Rioters" have been, and are being prosecuted and jailed. Rioters is the wrong noun. Call them by the correct name please: "Insurrectionists". Where have you been spending time lately? On the Dark side of the moon? What the American people want is for those ultimately responsible to the...

I don't know if this post is humorous or pathetic. You seem to have forgotten that the Democrats twice impeached Trump, one of a very few impeached presidents in our over two hundred year history and the only twice impeached president. Speaking of "not doing what they say" let me quote Mr...

Japan is another country, like the U.S., with no real debt. In fact in recent years Japan's Central Bank bought back almost 50% of the JGB's previously sold. You have a vivid imagination.

? apparently not!

The central bank has no fiscal policy, other than the one that concerns its own day to day operations. It typically makes a net profit which flows directly back to the Treasury. In the U.S., the Congress, not the Central Bank, determines how much spending shall occur, and on what. The Central...

Although it's certainly true that broad market returns are usually reported in nominal rather than in inflation corrected terms, nevertheless a portfolio that duplicated the S&P would on average, over time produce a significantly positive, inflation adjusted ROI.

We, in the NATO countries know perfectly well why Putin invaded Ukraine when he did. It was not because he feared NATO would attack Russia. Nor did he believe NATO posed any threat to Russian security, despite the lies he tells the Russian people. If Ukraine were to join NATO, however, that...

a) You have not given proper thought to the alternative; b) You are attributing an inequitable and socially damaging wealth distribution to false causes. The three factors most contributing to inequitable wealth distribution in the United States are: a. the tax structure; b. return on capital >...

I never said that. But now that you have caused me to think bout its virtues and faults I think I am becoming convinced fractional reserve banking just may be the "The Holy Grail" behind the great success of modern banking systems and the economies they serve.

In our world there is always room for people with opinions that differ from the mainstream. But of course no one should pay attention to them unless they are backed by sound argument. "Sound Argument" means an argument that is consistent with facts. And by definition there is no such thing as...

Again, if one accepts the great value of fractional reserve baking in providing, simultaneously, improved living standards and greater opportunity for economic advancement, than one has to accept that significant deflation is harmful and must be avoided just as high inflation rates must be avoided.

What? Instead of focusing on money printing per se, don't you think it would be better to focus instead on these two things. 1: how much printing we should do relative to levels of productivity growth and need for increased private savings and investment, and 2: the root cause of a rapid...

Dalio is of the opinion that this is the cause of the "credit cycle". I'm thinking "belly up " is not the best descriptor for what happens. Their is "belt tightening", as people are maxed out on credit and are forced to spend less and pay down loans. The economy contracts due to decreased...

I never would claim to be an economist. I am a serious student of economics however. My intention is certainly not to be condescending, and I apologize if that's how my posts come across to you. My intention is to point out money theory that a growing number of economists believe is correct...

You may think that Treasury securities represent real debt because they appear to you just like other debt instruments on which you earn interest. The interest the Treasury pays on its securities is a non-discretionary budget item that will add to the deficit whenever expenditures exceed...

I am happy to predict a 6-7 year bull market. Will that do?

We see problems in the U.S, economy similarly, but we have vastly different opinions on the causes and what should be done.