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Deflation in Zimbabwe?
How can a currency be in short supply and hyperinflationary at the same time? Despite the use of foreign currency, the Zimbabwe dollars are in acute shortage, resulting in many people sleeping outside...
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Lindsay Williams predicts total collapse within 12 months
This guy claimed back when oil was near its peak that he was given inside knowledge of a coming oil collapse, the purpose of which would be to bankrupt OPEC countries and consolidate control over...
View ArticleA positive spin on bankruptcies in Dubai
In most developed countries when people go bankrupt they become dependent on a government “social safety net” and drain the nation’s resources with unproductive expenditures. Keeping people fed is...
View ArticleTrickle up economics
The ideological arguments regurgitated by television talking heads, regarding how governments should intervene to resolve our current economic crisis, focus on whether bailouts should be directed at...
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Government steals money from bankrupt people to waste on frivolous projects
This is my entry to Nick Rowe’s challenge to come up with a model demonstrating the damages of fiscal stimulus. The belief in government stimulus requires us to believe the previous level of demand is...
View ArticleWe already have hyperinflation… in the shadow banking system
We have two banking systems, the official banking system and the shadow banking system. The official banking system runs on dollars, the shadow banking system runs on collateralized debt and other...
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H1-B is America’s secret weapon
I made this case years ago, America will have difficulty attracting new talent. The whole discussion.
View ArticlePaul Krugman is right… then wrong
The nobel prize winning economist is (in)famous for his belief that more government spending will help solve short term unemployment without threatening Federal long term fiscal health. The first half...
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