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Stagflation, Part 12: The Philippines' Balance-Sheet Origins of Inflation
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general ...
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Massive money printing and debt accumulation have gone on for something like 80 years, and the system has held together. Why should it end... -
GDP is the most common out-of-context stat used by governments to convince the citizenry that all is well. It is yet another stat that is... -
Governments resist austerity. Politicians buy votes with spending. But because they do not control their domestic currency systems in Euro...
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