Search results

That's exactly what I am saying. It wasn't the printing that caused the "bankruptcy". It never is. It was the "bankruptcy" that caused the printing. Now you've got it! Excessive printing is always a symptom of a serious defect or distortion in the economy. No country with a sound economy will...

There is a mis-understanding here. The United States has no debt, so there is no debt to pay! But the U.S. has created a lot of money which must be backed by its productivity and taxing power. Its money is in two forms, One form consists of bank deposits and cash, the other form consists of...

Although it is common to attribute hyperinflation to excessive "printing" this is virtually never the root cause, but always a symptom of an underlying economic failure. The failure of the currency. in Zimbabwe's case, was due to plummeting farm production. Zimbabwe depended heavily on imports...

I would like to comment on this von Mises quote you have posted. Not everything von Mises believed has been shown to be wrong. He did offer some valuable insight. For example this quote: "At any rate, a monetary expansion results in misinvestment of capital and overconsumption." Our common...

It's wrong to imply that the Fed influences inflation through money printing. We ought to stop saying this. It is quite misleading. The Fed can influence inflation. And the Fed does "print". But only Congress can influence inflation via "printing"!, and only Congress can influence inflation...

ERRATA: in post #24 above. paragraph 2, line 4: replace "Not" with "Note" paragraph 4, line 3: replace "credited" with "created"

U.S. Money takes two forms: 1) U.S. Treasuries. non-readily spendable, interest bearing; 2) The form we are familiar with: the readily spendable, non-interest bearing form. All private sector U.S. money, regardless of which form it is in, is a liability of the U.S. Treasury. Treasuries serve...

That poses a danger only to readers, and therefore the Texas Governor is unlikely to be concerned about it. As I recall, there are no pictures in Zinn's book.

If anyone has any evidence of laws being broken, why not state it? I haven't seen anything yet. Innuendo is titillating , but it's hardly evidence.

The article is about global U.S. debt. The U.S. is one of the nations that has no debt! And that is despite what a lot of classically trained economists believe and what the public believes. And it is despite the sale of Securities by the Treasury in an operation that appears to be "borrowing."...

Of course that article is almost entirely wrong. But you wouldn't understand.

We both can't be right. We will see in a few months, perhaps sooner, who is right.

The value internally is strictly a matter of whatever the Russian government says it is. Outside Russia where it is determined by free market forces it's a different matter altogether. Putin is insisting payment in Rubles be received for Russian energy exports. This was a smart, and desperate...

Are there societal problems that are not amenable to a free market solution?

Almost all economies, including China and Russia, are mixed to some substantial degree. Do you have a penchant for over simplification of rather complex problems? The United States is by far the most capitalist of all large nations; yet you complain of socialism in the U.S.? We all complain of...

Just trying to get you to read what I actually posted. My sentences in that post were carefully constructed. In your reply to my post, you requested something that makes no sense in light of what I wrote.

I was only partly serious. As you pointed out, it's a serious matter for many.

It's theft to those living on fixed income it is manna from heaven to those who are heavily in debt at fixed rates whose income keeps pace with inflation.

Inflation fears are unfounded.