The US economy is now dependent on credit growth that is insufficient without additional induced stimulus. The Fed will not be able to complete its current planned withdrawal from QE

“The last time the “Chairman” of GM started writing his letters GM went bankrupt within 2 years. Yet GM is currently the most widely owned stock by hedge funds. The

“Unfortunately for banks, higher education, buggy whip manufacturers, etc., monopoly and propaganda are no match for technology. Just because a system worked in the past in a specific set of

The financial system has been operating under “Gresham’s Dynamic” for some time. This simply means that bad ethics drives out good ethics. Professor Black is both a professor of law

“The U.S. economy – thanks to the Fed – has been operating a $1 trillion share buyback program nearly every year since late 2008, buying Treasuries but watching much of

The Inform Act is perhaps the most widely supported bill the economics profession has ever produced. 1000 economists including 15 Nobel Prize winning economists. Here is the Act and who

The Bundesbank Museum has the whole history of money, superbly laid out. Michael Maloney does a great job of integrating the museum experience with his excellent video series the “Hidden