Even beggars turned up their noses to the German mark in the 1920s. It’s true. While wheel barrows full of marks continue to animate simplistic economic history, the reality is that the marks in the barrows were trash, and treated as such by merchants and – yes – bums… Continue reading on Forbes.
Governments Can ‘Print’ Money or Spend It, Surely Never Both Read More »
Whatever worries you about what’s going on in the world, stop. The advice is wise not because your fears aren’t potentially valid, but precisely because they’re potentially valid. If they are, rest easy that what keeps you up at night has already been priced. Take the present budget debate between the left and right.
Alarmists On the Left and Right Can Relax, Debt and Default Are Priced Read More »
If Congress relied on federal printing presses to fund its spending, then by definition the spending footprint of Congress would be very small. Yes, you read that right. No need to read it again. To understand why this is true, stop and think what the market reaction would be if it were actually true
Governments Reliant On the ‘Printing Press’ Are Notably Small Read More »
