The Great Debate©: Is the Fed Destroying the Dollar?

Written by John Lounsbury There are two diametrically opposed camps on this question. This Great Debate© presents arguments from each side. First, Daniel R. Amerman, CFA, MBA will explain why he thinks inflation is the tool of choice (although he does argue at one point that the Fed has “effectively no choice“) and what the …

The Debt-Deposit Duality

The Debt-Deposit Duality. How Much Is the Federal Debt? $12 Trillion? $10 Trillion? $0? by Rodger Malcolm Mitchell, www.nofica.com Quantum mechanics is counter-intuitive, partly because of the wave-particle duality, which says that something can be both a wave and a particle simultaneously, but when seen as one it cannot be seen as the other. Measuring …

Government Debt and Deficits Are Not the Problem. Private Debt Is.

by Michael Hudson, New Economic Perspectives Remarks by Prof. Michael Hudson at The Atlantic’s Economy Summit, Washington DC, Wednesday, March 13, 2013. There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels – Steve Keen, William Greider, and earlier Yves Smith and Robert Kuttner – have …

A Tale of Two Countries

Austerity, Deficits, and Debt:  A Tale of Two Countries by Elliott R. Morss, Morss Global Finance Introduction Greece is involved in a series of austerity programs. And the US is considering austerity measures to keep it from “falling off the fiscal cliff”. The concern is even greater because nobody really knows what there is to …

Voters: Get Your Heads Straight on Money ASAP … Please!

by Art Patten, Symmetry Capital Management From Bloomberg: A Bloomberg National Poll, conducted June 17-20, found voters choosing jobs over the deficit or federal spending as their top concern by 42 percent to 30 percent. Yet 74 percent of Americans support an amendment to balance the federal budget, according to a CNN poll conducted July …