Money and the theory of exchange
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on...
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on...
Even before the coronavirus sprang upon an unprepared China the credit cycle was tipping the world into recession. The coronavirus makes an...
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed...
Silver’s recent price performance has been disappointing. Normally, it is almost twice as volatile as gold, so when the gold price rises 1...
This article is an overview of the principal factors likely to drive the gold price in 2019. It looks at the global factors that have develo...
The cryptocurrency craze is fascinating to an economist, or at least a student of catallactics, because it is a test of the theory of exchan...
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it coul...
The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is alway...
Abstract America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at...
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long...