Tag Archives: fiat currency

The art of the possible

  Politics is the art of the possible. It’s not enough for Democrats to simply oppose the policies of Donald Trump, they need to offer alternatives. And, while the marches and protests organized by the DNC and supporting NGO’s are … Continue reading

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QE for you and me

  Donald Trump is many things–racist, reality TV star, torture advocate,¬†strong leader¬†with fascist tendencies. However, Trump is also a truth-teller, in that he has repeatedly challenged conventional wisdom, as articulated by the American political and media elite. He’s kind of … Continue reading

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Out of Thin Air

The US has a fiat currency, where money is created out of thin air with a stroke of the keyboard. For political reasons, we allow banks to enjoy the advantage of money creation rather than having the US Treasury issue … Continue reading

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Things that make me want to guzzle anti-freeze

Taking Charles Pierces signature phrase out for a test drive. Lately, the so-called “financial cliff” reporting makes me too want to guzzle anti-freeze. The dominant narrative every day about the scary, scary “financial cliff” drives home the fact that we … Continue reading

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