Tag Archives: Inflation

A Keynesian Ponzi Scheme

By | July 5, 2021

All Ponzi Schemes have at their core the fundamental mathematical precept of exponents. That is, the growth of the scheme requires ever-greater numbers of “things” (people, credit dollars, etc) to participate, because the exponential function of growth lags the exponential function of cost. Read Karl Deninger’s full explanation here…

Prepare for 'monster' money-printing by the Fed

By | July 5, 2021

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Entitled “Deflation: Making Sure It Doesn’t Happen Here“, it is a warfare manual for defeating economic slumps… Read More »

Inflation: God is the ultimate hedge

By | July 5, 2021

Today we have a guest contribution from one of our regular commenters, El Gallinazo, who weighs in on the dead horse of inflation vs. deflation, dissecting a John Williams Shadowstats paper. And while Stoneleigh and I here at The Automatic Earth haven’t had any doubts on the issue in “like forever”, keeping the discussion alive… Read More »

The Real Cause of Hyperinflation

By | July 5, 2021

By: Jordan_Roy_Byrne In his weekly letter, John Mauldin concluded that we have not experienced hyperinflation (despite massive Fed “printing”) due to the fact that the money multiplier has fallen and fallen below 1.0. This means that for each additional $1 added to the monetary base, the money supply is changing by less than $1. In… Read More »

Bailout Nation Wins First Amendment Award for Outstanding Journalism

By | July 5, 2021

Many authors, journalists, and publicists have asserted causes for the financial crisis and stock market crash of 2008. However, none have done as comprehensive a job as Barry Ritholtz in his Mount Everest view of how it all went down: Bailout Nation. Bailout Nation avoids all the disingenuous blame-shifting onto specific political parties or individuals.… Read More »