This one’s really going to throw everyone for a loop. Now, I know all we can talk about these days is how to cut the budget deficit. We need to [ … ]
Category: Myth Busting
(Popular Myths of the Economy and Markets….BUSTED!
Eliminating the Debt Ceiling Wouldn’t Cause Interest Rates to Surge
I just read this at Euro Pacific Capital, Peter Schiff’s company. He says we should eliminate the debt ceiling so our creditors can cut us off: “Such a development may [ … ]
Read of the Day: The Biggest Myth About the Fed
David Beckworth has a nice post over at his site in which he argues that the Fed is not monetizing the debt. He makes arguments that are similar to the [ … ]
The Gold Standard is not Synonymous with Freedom
A lot of people didn’t like my recent article about fiat money. That was to be expected. And the usual arguments were trotted out. The old “it takes two people [ … ]
All Fiat Money Systems Fail, Right? Wrong.
One thing we constantly hear all over the media is how “all fiat money systems in history have failed”. This is just not correct. By my count, there are [ … ]
Japan, Corporate Profits, Kalecki and Living Standards
I’ve discussed the concept of how budget deficits can lead to higher corporate profits in the past. I am not the only one or the first one to do this [ … ]
Is China Boycotting US Dollars?
I keeping seeing articles and headlines in various places about how China is revolting against US paper in various ways. These headlines either say that China is selling off US [ … ]
In Which Jamie Dimon Misunderstands Banking and Fixed Income Markets
I’ve had a number of readers send me this link from yesterday’s interview with Jamie Dimon at the Council on Foreign Relations so it’s obviously worth a brief comment. Although [ … ]
5 Wall Street Myths That Hurt Investors
The following is a list of myths and hurdles to avoid when shopping around for the right financial advisor and investment products.