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Recent Posts

The Japanese Deflation Myth and the Yen's Slump :: The Mises …

Mises Daily Monday by Brendan Brown The Japanese government claims it's still fighting deflation , although there are no signs of it in Japan [...]

Gregor Macdonald Throws Deflation Curveball Smack Into Peter Schiff & Max Keiser’s Faces

Welcome back to the fold Gregor – glad to know logic has prevailed in your [...]

Debt Collapse – $15000 Gold – Mike Maloney On Gold, Silver & Economics

theelevationgroup.net Mike Maloney is the author of the world’s best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his ‘most likely’ scenario for the global economy over the next deacde…short term deflation, followed by big or even [...]

Economic Illiterate Peter Schiff’s Insane ‘Deflation Is Good’ Argument Debunked Again

An interesting perspective on deflation from Robert Pollin of PERI. The clip also ends with a nice quirk – interviewer Paul Jay says “The question is what you people at home do – and its to start to understand economics.” Right on the button, Paul – the reason why the US is in this mess is because of a mass of uneducated economic illiterates following other economic illiterates like Peter Schiff around like the bubonic plague. Its also painfully obvious that Paul Jay, an investigative journalist, after listening to economic experts during interviews and actually doing some decent research on the subject, is quantum light years ahead of economic illiterates like Peter Schiff, in knowledge, understanding and interpretation of deflation. From the New York Times article “Japan – From Dynamic To Disheartened”, explaining the effects of deflation, which Robert Pollin describes in the clip, and which economic illiterate Peter Schiff thinks is such good [...]

Economic Illiterate Peter Schiff’s Senseless ‘Deflation Is Good’ Argument Debunked

Right off the bat, Schiff once again displays his enormous ignorance in stating that the prices of electronic goods such as computers, TVs, mobile phones etc. drop every year but sales are not adversely affected. Well, Peter – for your information – the price decreases are mainly due to technological advancements and production efficiency improvements. [...]