Why aren't economists talking about these effects of debt deflation , which are becoming the distinguishing phenomenon of our time? They advocate giving more money to the banks, hoping that somehow everything will be … [...]
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A 2.5 hour learning material called economic Jungle. It is the first ever 3D interactive, intuitive, engaging, and contextual learning material on economics, which gives you holistic and relevant insight of economics + practical values + entertainment too! This is edutainment for you. [...] The Sydney Morning Herald ran a story and video on my simulation model Minsky today: It's time to put money into the equation, says professor This [...] UPDATE: 9/23/11, 7:25 EST – A couple of posts this afternoon on ZeroHedge helps to (partially) explain the pullback in gold (and silver) prices. Seems the CME has jacked the margin requirements by 21% for gold and 16% for silver. Rumor has it that news of the impending margin hikes leaked. [...] The 1933 Econometrica article by Fisher on debt deflation is a classic. If you haven't read it already, read it now. But you might then also read Hyman Minsky's take on the same story (from 1982). [...] The Big List of Truisms: 1. Worldwide debt is at historic levels. The Problem: Can outstanding debts be repaid, or are massive defaults forthcoming? 2. [...] Sept. 14 (Bloomberg) — Marvin Goodfriend, a professor of economics at Carnegie Mellon University, discusses Federal Reserve policy and the outlook for inflation. Goodfriend speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” Jeffrey Sachs, a professor at Columbia University, also speaks. (Source: [...] F**k you, buddy – Adam Curtis – The Trap 01 www.youtube.com As you view this video, think about how important psychological perspective is when analyzing a problem. What biases do you bring to the table when you think about our current economic mess? Debt: The First 5000 Years Great discussion – well worth a watch for everyone, especially gold and silver bugs: David Graeber talks about the history of debt and its impact in the world over thousands of years. During this event from Melville House Bookstore in Brooklyn, New York, Professor Graeber talked with Left Business Observer editor Doug Henwood, author of Wall Street and After the New Economy. [...] |
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Austrian economics explains nothing solves nothing just sells gold during deflation
Fisher’s Debt-Deflation Theory of Great Economic Depressions fraser.stlouisfed.org “two loop” analysis and social credit solution elaborated in detail www.citizensamericaparty.org Austrian economics explains nothing and solves nothing. It just sells gold to economic illiterates during spiraling deflation and lobby’s creditor windfalls against the public interest. Social Credit in Australia www.alor.org Part Two of this video: www.youtube.com Did the gold standard promoters tell you that there will still be fractional reserve loans by banks — only instead of reserves and credit availability set by the exchange of currency and securities traded between the big banks and the central bank, we will have credit currency and gold traded between all banks and biggest bankers UNLESS you want 100% gold backing, in which case biggest bankers will still control money supply by withholding gold from circulation. The price of gold will be so high — and biggest banker gold wealth expanded with it — that you will need a tweezers to lift your micro-coin monthly hard money pay out of your pay envelope. M argit K ennedy Why Do We Need Monetary [...]