#Arkhaven INFOGALACTIC #Castalia House
Detroit pensioners will receive 16 cents on their expected retirement dollar: On Friday, city financial consultant Kenneth Buckfire said he did not have to recommend to Orr that pensions for the city’s retirees be cut as a way to help Detroit navigate through debts and liabilities that total $18.5 billion. Buckfire said it was clear […]
Congressman: Are you printing money? Bernanke: Not literally. QED.
Nate closes out the Great Inflation Debate with his final entry: So at long last we understand how hyper-inflation works. It is caused by hyper-velocity. Meaning folks are spending their money as soon as they get it. I’m not going to go much into the differences in Weimar and today… because honestly the differences are […]
I’ll start off this last round in the debate by pointing out that I have most certainly not claimed that federal spending somehow doesn’t count as inflation. I was simply pointing out that the Federal Reserve’s attempt to inject money into the economy has been effectively limited to one delivery vehicle because the banks and […]
Nate posts his latest entry in the Great Debate: I know I said I would finally be explaining Hyper Inflation here, and I will be. But there are a couple of points that Vox has made that I simply cannot let stand. So as much as I loathe the call and response style of written […]
Nate begins the eighth installment in the series by getting some things factually incorrect. To begin with, Z1 did not begin to decline in July 2008, as it peaked at $52.9 trillion in Q1 2009, a figure it did not reach again until Q3 2011, when it hit $53.8 trillion. 2008 merely served as the […]
Nate posts his first post-Cyprus response: It is with no small amount of sadness that I must now face the fact that I am not going to get out of this debate without having to explain mal-investment. It appears in order to counter Vox’s deflation via credit reduction claim… it is absolutely necessary. Ok so […]
As is probably becoming rapidly apparent, this debate over inflation vs deflation, despite its esoteric nature, is turning out to be much more practical and relevant than anyone would have previously imagined it to be. The events in Cyprus make this more a discussion of current events than a purely academic matter. In his most […]
Nate responds with post entitled “Half-Truism”: “There are those who say that he cure for inflation is deflation. And… there are those, though they are few, who say that the cure for the man who has been run over by a motorcar, is to have the same motorcar run over him in the opposite direction.” […]
In his post entitled Fiat or Shenanigans, Nate contested the idea that US money is credit money and not fiat money with the characteristics of credit money: Remember I said our money was fiat money… with characteristics of credit money. Right? Vox says I am wrong about that. And… while I considered rushing off to […]