Commentators predicted the rules of Basel III bank regulations will cause gold to skyrocket in price. This research series provides our analysis of these claims
In the articles below, Keith Weiner covers many of the reasons why bitcoin is unsound and not money and rather the very model of a (post)modern monetary marvel.
Understanding the marginal productivity of debt is key to understanding whether the amount of credit created is unsustainable, resulting in the failure of the monetary system and loss of everyone’s savings.
An anti-concept is an idea or term designed to obscure or distort thinking rather than clarify it. When applied to money, these misleading ideas shape policies and perceptions in ways that can undermine our economic understandings.
The behavior of the dollar system is nonlinear and counterintuitive. This research series explains how interest and prices are set under our monetary system.
A zombie firm or zombie corporation has a profit less than the interest expense on its debt. It is only possible with artificially low interest rates and a very permissible credit market. Both conditions are consequences of central bank policy. Read more about it here.