Monthly Archives: July 2013

Stagflation: The Fed’s worst nightmare | MarketWatch

If you look at the price indexes on a year-over-year basis, most measures of inflation seem to be subdued. This is even more so when you examine the so-called “core” rate of inflation, which excludes food and energy. But we … Continue reading

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Bernanke doesn’t fear deflation — but should | MarketWatch

He earned his chops as an economist by studying the disastrous deflation of the 1930s, he gained some notice by giving advice (mostly ignored) to the Japanese about how to avoid it, and he delivered a memorable speech in 2002 … Continue reading

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What Makes Deflation Likely Today? |

The article, excerpted from Conquer the Crash, was originally published in March 2002. Following the Great Depression, the Fed and the U.S. government embarked on a program, sometimes consciously and sometimes not, both of increasing the creation of new money … Continue reading

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Causes of Inflation Rate and How to Fight the Effects | MoneyCrashers

In 1980 in the United States – just over 30 years ago – a new home in this country cost an average of $76,000, and the median income was $17,710 per year. Compare that to 2011, when even after the … Continue reading

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Money Growth Does Not Cause Inflation! | Forbes

It is conventional wisdom that printing more money causes inflation. This is why we are seeing so many warnings today of how Quantitative Easing I and II and the federal government’s deficit are about to lead to skyrocketing prices. The … Continue reading

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What Actually Causes Inflation (and who gains from it) | Forbes

I made a post two weeks ago in which I explained that the popular view of inflation (wherein it is caused by money growth) depends critically on assumptions that do not hold in the real world. Money comes into existence … Continue reading

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What is Money? Three Perspectives | Walter I Baltzley

It is a simple thing that we use every day.  Little pieces of paper and metal discs we exchange for the things we need.  And yet, nobody can seem to agree on WHAT money really is.  The difficulty is that … Continue reading

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