Tag Archives: currency

The Fantasy of “Balanced Returns” Funding Retirement

The fantasy that a “balanced portfolio” yielding “balanced returns” will fund a stable retirement for decades to come is widely accepted as a sure thing:inflation will stay near-zero essentially forever, assets such as stocks and bonds will continue yielding hefty … Continue reading

Posted in General | Tagged , , , , , , , | Leave a comment

The Choice For Venezuela Is Stark: Either Print Money and Fail or Establish Sound Money (USD to the Rescue?)

Let’s start our analysis of Venezuela’s economic plight with two exhibits: Exhibit A is a chart of the market (free) exchange rate of the Venezuelan Bolivar and the U.S. dollar (USD), and Exhibit B is a chart of the USD. … Continue reading

Posted in General | Tagged , , , , , , | 3 Comments

If We Don’t Change the Way Money Is Created and Distributed, We Change Nothing

Many well-intended people want to reform the status quo for all sorts of worthy reasons: to reduce wealth inequality, restore democracy, create good-paying jobs, and so on. All these goals are laudable, but if we don’t change the way money … Continue reading

Posted in General | Tagged , , , , , , | 19 Comments

The Fallacy that Weakening Your Currency Generates Prosperity

Of the many economic policies that are accepted as true yet are absolute nonsense, perhaps none is more achingly nonsensical than the notion that weakening a nation’s currency will magically make that nation prosperous. Like the equally nonsensical Keynesian Cargo … Continue reading

Posted in General | Tagged , , , , | 1 Comment

Greece’s New Money: Many, Not One?

It was easy to predict the eventual collapse of the one-currency-fits-all euro:indeed, many analysts explained why it was doomed before it was adopted as an integral part of the European Project, which broadly speaking calls for complete integration of the … Continue reading

Posted in General | Tagged , , , , , , , , | 5 Comments