Money & Banking

FED is Wrong: Inflation is Not Just About Rising Prices

All eyes on Jackson Hole this week as the Fed tackles inflation.

WorldCom as Piker: Profit Inflation by the U.S. Government

WorldCom as Piker: Profit Inflation by the U.S. Government

News reports now indicate that WorldCom's overstatement of its profits in the last few years may exceed the $3.8 billion initially reported, perhaps by as much as an additional $3.3 billion, maybe even more. But whatever the ultimate figure may be—$7.1 billion or even...

The “Economic Growth Causes Inflation” Myth

There's a certain economic platitude that outrages me every time I hear it repeated by the financial press and political economists. Put simply, it's the familiar comment that economic growth causes inflation. It has many variations, including "high employment causes...

Greenspan, Interest Rates & Inflation

What do low interest rates have to do with causing the government to inflate the money supply?The link between Fed-manipulated interest rates and the money supply is a direct, causal one. The interest rate in question is the 'Fed Funds rate'. This is the rate that...

Only A Gold Dollar Will End Deficits

Only A Gold Dollar Will End Deficits

The United States government has had a budget deficit in almost every year since 1933. Repeated pledges to end the deficits have come to nothing. The latest pledge, President Clinton's plan to eliminate the deficit by the year 2002, is only one more such empty...

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