Hyperinflation. Methinks not!
Everybody has heard the stories about hyperinflation in Germany in the 1920s; one of the indirect causes of WW2. In 1922, a loaf of bread cost 163 Deutschmarks. By September 1923, during…
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Thoughts on economics, the books I’m reading, and other interesting stuff.
Heads I win, tails you lose!
When I was studying economics at school and university, I fell in love with the concept of capitalism. It just seemed to make sense to me. If you had a good idea and worked hard, you could…
Read the post 2 minHow long can America (and Most of the Western World) continue to spend more than they earn?
A Parable On Why You Should Never, Ever Lend Me Money I went back to the bank to see if they would lend me some money. Armed myself with employment records and bank statements going back 50…
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Recently I wrote about the fallacy of the debt-to-GDP ratio and that a day of financial reckoning would come.
Read the post 2 minWhy This Economic Indicator Will Lead America (And Most of the Western World) To Financial Ruin
Recently I went to the bank and asked to borrow $1 million. It’s really not a big deal.
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