Tuesday, July 25th, 2017 MST

Category: Economic Crisis

Negative rates fillip interest in gold

One of the primary tenets of Austrian economic theory is that economies cannot be “managed,” that interference, be it deficit spending, regulations, taxing policies, central bank quantitative easing programs or negative interest rates, will send false signals that will distort decisions made by the private sector, the real driver of economic growth.  The bigger the

The Riksbank’s dilemma

To Keynesians, easy solutions reside for monetary and economic problems. When the economy is in recession, deficit spend. When inflation heats up (meaning rising prices, which the developed world hasn’t seen for some time), choke back the money supply. Problems solved. Recessions are averted; inflation is held in check. So, if “managing” the economy is

Bank of Japan to buy equities

Quantitative easing opened a Pandora’s box that will not be closed until massive inflation spreads worldwide. Only when people quit accepting the digital money that central banks spew will it end. However, the end may be far, far away. Traditionally, central banks created money “out of thin air” to finance wars by buying new government

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