Deficit Spending

Canada Flagged For Recession By BIS

As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the BIS latest quarterly report confirms what any critical observer can see: binging on debt is rarely a good idea.

The Questionable State & Abusive Use Of Economics – Part 1

"...the tragedy is that, on the contrary, we are already suffering the long-run consequences of the policies of the remote or recent past. Today is already the tomorrow which the bad economist yesterday urged us to ignore."

Debunking The Big Lie

There is no such thing as good monetary policy. There is no such thing as effective monetary policy, or monetary policy that does no harm. There are only the times when most people see no overt symptoms, when they don’t realize the damage being done.

EconMatters's picture

The oil market is not fixed, we have made no progress whatsoever is addressing the poor fundamentals of the oversupply of the product versus the global demand for the product. This is basic economic theory: Oil prices need to go down further and stay there until oil producers stop producing oil and go out of business in the free market producing countries.

Alan Greenspan: Ron Paul Was Right About The Gold Standard

"When I was Chair of the Federal Reserve I used to testify before US Congressman Ron Paul... we had some interesting discussions... We would never have reached this position of extreme indebtedness were we on the gold standard, because the gold standard is a way of ensuring that fiscal policy never gets out of line."

An Economic Showdown Is Looming

The idea that the entrenched political establishment is willing to take these risks to further their political agenda is frightening.