Faced with nearly incomprehensible inflation -- 32,714 percent as of Wednesday -- Venezuelan officials thought they had a solution: They changed the color of the bank notes and increased their denomination. Then they said they would lop off three z
While campaigning for president, Donald Trump accurately said that American markets were a big, fat bubble. He was correct, and that same bubble has not burst, but has gotten even bigger! When the inevitable bust arrives, who will President Trump bla
Socialist Venezuela is suffering from hyperinflation, starvation, and have sunk to bartering. Socialist ideas have produced these results countless times. "Something for Nothing" never has, and never will, work. For over 150 years Socialists have dre
The central planners at The Federal Reserve released their most recent minutes, and guess what they want? Higher prices! They want inflation to run hot. So while Americans clock into their jobs, (for the same amount of money) the central planners are
It is at times frustrating, but also interesting, to witness the progression of the mainstream's awareness of economic crisis within the U.S. over the years. As an alternative economist, I have had the "privilege" of perching outside the financ
The velocity of money is picking up. What does it mean?
Velocity of money is defined as (prices * transactions) / (money supply). Economists substitute GDP for (prices * transactions).
This tweet caught my eye today.
The intention of this article will be to describe how the prices went wild, and what you could expect in a hyperinflation scenario. Perhaps softer, or perhaps worse, that is not possible to know for an amateur like me, not being an economist. But som
Opinion is nearly unanimous. Inflation is coming and it won't be short-lived. Inflation proponents are coming out of the woodwork. Here are some examples:
DiMartino: Inflation Is Building And The Fed Will React. "Former Fed insider Danielle DiMar
While President Donald Trump celebrates gains in the economy as job numbers rise, a prominent banking executive is warning investors that the Federal Reserve may have to take "drastic action" to combat massive inflation that is to come.
If the creation of new money affected everyone evenly, there would be no point in government granting monopoly privileges to a central bank. It's precisely because some benefit at the expense of others, that monetary inflation is so intoxicating.
The oldest trick in the monetary book is cheating the people by debasing the coin or currency. It goes back at least as far as the Eighth Century B.C. when the Jewish prophet Isaiah chastised the Israelites for doing it. "Thy silver has become dros
Do you ever get the sense that your favorite steak at that Quick Service Restaurant of your choice keeps getting thinner and thinner all while your check size at the end of the night continues getting larger and larger. Well, it is. How else are pu
Fed Chair Janet Yellen's prepared remarks confirm her previous stance that they will keep normalizing their policy stance (no matter what), bringing forward the timeline for unwinding the balance sheet, and
With all the talk of central bank hawkishness in the last week, one might assume there was some inflation to point to. It is quite the opposite. It is one thing to talk about inflation being below the Fed's target of 2%, it is an entirely different
Just like Bill Gross' monthly note earlier, Albert Edwards' latest piece is an exercise in stream of consciousness in two parts. In the first one, Edwards focuses on his, and our, favorite topic - bashing the "hubris" of central bankers, which he bel
Inflation in the eurozone has jumped by more than expected to 1.8 percent in January from 1.1 percent in the previous month, the statistics authority Eurostat said. The inflation pickup came on the back of a sharp rise in energy prices.
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