Keynesian economics

Ron Paul Warns "Central Bankers Are Always Wrong...Especially Before A Bust"

"...The attitude right now is that Keynesianism and deficit financing and printing money and militarism is the solution but it’s all coming apart... the authoritarians are clinging to power so they can collect the revenues and make sure you’re not getting around the system. That’s what the cashless society is all about..."

The Breaking Point & Death Of Keynes

The Keynesian model died in 1980. It’s time for those driving both monetary and fiscal policy to wake up and smell the burning of the dollar. We are at war with ourselves and the games being played out by Washington to maintain the status quo is slowing creating the next crisis that won’t be fixed with another monetary bailout.

Jim Grant Explains The Gold Standard

Nixon’s move was, in short, the final and total politicization on money itself, and, as Grant notes, "The Ph.D. standard is ... a political institution. It is the financial counterpart to the philosophy of statism."

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."

A Banana Republic In The Making - "The Glue Of Reason In India Is Flaking"

"Sane Indians should stay a step ahead of their rapacious government and the evolving totalitarian society, which are less and less inhibited by any institutions or values in support of liberty... India will become a police state, likely with the full support of most Indians. The glue of reason that the British have applied is flaking, and it is doing so rapidly under the catalyst by name of Narendra Modi."

The Shocking Truth About How Barack Obama Was Able To Prop Up The U.S. Economy

Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. By propping things up in the short-term, he has absolutely demolished our long-term economic future. But like most politicians, Obama has been willing to sacrifice the future for short-term political gain.

Cashless Society - Is The War On Cash Set To Benefit Gold?

If governments allow banks to shut down bank accounts of individuals or companies without a fair trial and due legal process, it will create a very dangerous situation indeed. In this environment, buying gold is rational behaviour to even the biggest paper-bugs out there. The current monetary experiment of massive QE is no longer the main concern of prudent investors and institutions, it is now combined with negative interest rates and bail-ins.

The Fed's Missed Window & Failed Realizations

Unwittingly, the Fed has now become co-dependent on the markets. If they move to tighten monetary policy, the market sells-off impacting consumer confidence and pushes economic growth rates lower. With economic growth already running below 2%, there is very little leeway for the Fed to make a policy error at this juncture. Therefore, the Fed remains trapped between keeping the financial markets happy and trying to resolve their monetary dilemma. The problem is that eventually something has to give and it will likely not be the outcome the Fed continues to hope for.

Bernanke Urges Use Of Negative Rates When Next Recession Strikes

"the fact that negative rates would be temporary and deployed only during severely adverse economic conditions would be an advantage. Like quantitative easing, which was also unpopular in many quarters, a period of negative rates would probably be tolerated by politicians if properly motivated and explained" - Ben Bernanke