Deflating the Deflation Myth

The fear of deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.
There is No Tradeoff Between Inflation and Unemployment

Anyone reading the regular Federal Open Market Committee press releases can easily envision Chairman Yellen and the Federal Reserve team at the economic controls, carefully adjusting the economy’s price level and employment numbers.
Why the Wealth Effect Doesn’t Work

Across all financial media, between both political parties, and among most mainstream economists, the “wealth effect” is noted, promoted, and touted.
Scenarios for Owning Gold

Gold serves a unique role in investment portfolios, not only as insurance against extreme events, but as a timeless store of value in a world of multiplying paper currency.
And the Election Winner is … Inflation in a Landslide!

Regardless as to which candidate secures the Presidency on November 3rd (or some subsequent date), the administration must cope with unprecedented federal debt.
What Stops the Stock Market Rally?

In terms of magnitude and shortness of time, the stock market rally since its March lows has been unparalleled.
The Kitchen Sink

April, 2020 By late January, the die was cast: the virus had a name, it had reached our shores, travel screenings and restrictions were in place, and while not yet declared a pandemic, the World Health Organization declared COVID-19 a “Public Health Emergency of International Concern.” Yet complacency reigned within financial markets. The stock market […]
SOMA for the Masses

Soma is a government-provided drug which helps people escape the real world by artificially enhancing their joy, arousal, and overall sense of well-being.
Commemoration of a Canard

In the spirit of commemoration, we cannot allow the 42nd anniversary of Nixon’s speech go without comment.
The War on Cash Explained

The phrase “the war on cash” refers to the deliberate efforts by governments and central banks to reduce and/or eliminate the frequency and size of cash transactions within the economy.