Blog Posts - General Economics



Q3 2016 Household Debt Up +112 Billion, But Down Relative To Income; Private Sector Deleveraging Continues

According to today’s update by the Federal Reserve US Household debt edged up by $112 billion in Q3 of 2016: As you can see this is above the 2008 peak that kicked off the Great Recession. However these are absolute numbers. If we look at house...
by EconomicsJunkie.com on Dec 8, 2016

What Does the Market’s Response to Trump’s Election Tell Us About Investor Expectations?

What I find helpful about investing in the permanent portfolio fashion, is that the assets observed together give you a good big picture overview of investors’ expectations about important macro data such as corporate profits, interest rates, a...
by EconomicsJunkie.com on Dec 8, 2016

Tweetstorm: Important & Largely Unknowns Facts About Fiscal Policy

This tweet storm by MMT economist Stephanie Kelton nicely sums up empirical facts about fiscal policy in a sovereign floating fiat money system that conventional wisdom tends to be nescient or ignorant about: 1/We can think of the US government as th...
by EconomicsJunkie.com on Dec 7, 2016

Longer Maturity Bonds Coming? What Does It Mean For Investors?

ZeroHedge reported a few days ago that Trump’s pick for Treasury Secretary suggested in an interview with CNBC that he’d be open to issuing new bonds of longer term maturity: “I think interest rates are going to stay relatively low...
by EconomicsJunkie.com on Dec 6, 2016

Sectoral Balances and Private Saving

With permission from Being Libertarian, I am reposting an important exclusive piece I wrote that lays out some fundamental changes in how I’ve come to understand the functioning of a fiat money economy, and its economic implications on debt, de...
by EconomicsJunkie.com on Dec 1, 2016

Why The National Debt Doesn’t Matter (And Why It Does)

With permission from Being Libertarian, I am reposting an important exclusive piece I wrote that lays out some fundamental changes in how I’ve come to understand the functioning of a fiat money economy, and its economic implications on debt, de...
by EconomicsJunkie.com on Dec 1, 2016

Alternative Inflation Theories

Many economists generally agree that inflation is caused by bank credit expansion or by “money printing” by the Federal Reserve Bank. But recently I came across a paper written by economics professor L. Randall Wray where he makes a prett...
by EconomicsJunkie.com on Dec 1, 2016

Privatization = Civilization

To say that privatization has contributed to civilization’s progress would be inaccurate to say the least. In fact, civilizational progress is and has always been synonymous with privatization, namely the replacement of a monopoly on violence w...
by EconomicsJunkie.com on Jun 15, 2014

Six Charts That Show Liberal Propaganda is Immune to Reason & Evidence

Somebody on ThinkProgress.org recently produced this attempt to an argument for more deficit spending called “Six Charts That Show It’s Time To Reset The Budget Debate” (in which case by the way he must be happy about what’s been...
by EconomicsJunkie.com on Jun 11, 2013

[BitFunder] IPO – BIT.ASIC – Professional Miners offer low entry price of 0.0084

We have recently launched a new Bitfunder asset, so full disclosure: I am involved with this asset. Here it goes: https://bitfunder.com/asset/BIT.ASIC We are a team of dedicated Bitcoin mining professionals and long time supporters of the crypto-curr...
by EconomicsJunkie.com on Jun 5, 2013

The beauty of the free market economy …

The beauty of the free market economy is that it allows for maximum predictability in its approaches, while surprising us again and again with the most unpredictable of solutions.
by EconomicsJunkie.com on Jan 29, 2013

The Inevitable Failure of Government Subsidies: Student-Loan Delinquencies Now Surpass Credit Cards

Governments are excellent at creating problems and telling people that they need the government to solve them. About 2.5 years ago I wrote: Next to housing and consumer credit, higher education has been yet another government subsidized and outright...
by EconomicsJunkie.com on Nov 30, 2012

But who would take care of the poor??

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by EconomicsJunkie.com on Oct 20, 2012

Airbus, Alabama, and Minimum Wage Legislation

The WSJ writes Airbus’s New Push: Made in the U.S.A.: Airbus announced plans to start assembling passenger jets in the U.S. starting in 2015, a move likely to affect labor and trade relations on both sides of the Atlantic. Airbus outlined the...
by EconomicsJunkie.com on Jul 3, 2012

Do As Iceland Did

As I have said many times before, there will come a time when Europe’s bankrupt governments will be forced to default on their debts and exit the Euro and do precisely that which they have been avoiding and I have been repeating year after year...
by EconomicsJunkie.com on May 9, 2012

Mish on Capital Account: Austerity, Debt, Krugman’s Delusions & More …

Who would have thought in 1982 that 30 years later a Russian TV channel would educate Americans about free market economics? Related posts:Krugman Disagrees With Krugman Please signup to the Email Newsletter! Austerity, Hoover, Wars & The Grea...
by EconomicsJunkie.com on May 5, 2012

Paul vs. Krugman

Ron Paul debates Paul Krugman on monetary policy and economic history: The most instructive point in this discussion, in my opinion, is where Krugman flat out exposes his ignorance about the essence of the concept of fiat money: At 8:55: Ron Paul: &...
by EconomicsJunkie.com on May 1, 2012


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