When it comes to the subject of central bank money-printing and its effect on the prices of goods and service in the broad
Continue readingMonth: December 2018
How the Fed “Prints” Money
With the Reserve Bank of Australia recently musing about the potential of engaging in unconventional monetary policy to combat growing weakness in the
Continue readingIs QE Inflationary?
The answer to the question posed in the title of this article is unquestionably “yes” – Quantitative Easing (QE) is most definitely inflationary,
Continue readingWhat’s Money? What’s Not?
Analysts who subscribe to the theory that modern-day boom-bust cycles are caused by large swings in the money supply would do well to
Continue readingLiquidity and the Mirage of Credit
There are many analysts today who insist on measuring global liquidity through the total amount of outstanding credit in the economy rather than
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