money printing

The Many Obvious Dots of Keynes, Friedman, And Fisher

By |2019-02-26T16:43:53-05:00February 26th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The obsession with inflation is grounded in historical fact. This is true both of our recent “conundrum” as well as broader circumstances surrounding slow burning structural changes. As to the former, last year the global economy was supposed to take off, concurrently signaled by accelerating inflation rates due to what are always claimed to be [...]

The Bookkeeper’s Pen, But Which Bookkeeper?

By |2019-01-11T18:06:21-05:00January 11th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In the chaotic days of the early “recovery”, those opposed to the Federal Reserve’s response largely fell into the wrong camp. The central bank had done too much, they claimed. Never mind how the first global panic in four generations had developed and then crushed the global economy, such deflation was over to be taken [...]