DARRYL ROBERT SCHOON: Inflation - Up, Up and Away Inflation is a monetary phenomena that can destroy currencies and buying power in the blink of an eye. Economists' have temporarily forgotten about inflation as its equally dangerous twin, deflation is back. They shouldn't forget about inflation. They may be rudely reminded of its presence and soon. full article...
Dollars & Sense, Show 84, Capitalism and the Age of Aquarius The inspiration for this video is John Lennon's song, Imagine. It was also made in response to critical comments about Darryl Robert Schoon's use of the word capitalism. In this video he explains how he explains how he predicted the current economic crisis when mainstream economists did not.
El Erian: The long-term joblessness battle isn't over Persistent joblessness is why central bankers are are worried. They should be. Capitalism has been permanently damaged as the bankers' credit can no longer create sufficient growth to pay what bankers are owed. Worthy of thought and reflection.
In 1946, before Israel was a state, the Irgun, a right wing Jewish terrorist organization, attacked the Hotel David in Jerusalem headquarters of British forces. In 1967, Israeli warplanes attacked the USS Liberty. Neither the UK or US responded militarily. Why? Because money trumps power.
DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.
The Wisdom of Adam Smith for Our Own Times
- A Rejoinder -
Let us celebrate the 291st birthday of the great Scottish economist together and let us rehabilitate his Real Bills Doctrine!
Richard Ebeling in the June 3rd issue of the Daily Bell under the same title contributed a much needed reminder of the relevance of Adam Smith's wisdom to our contemporary world. I am not going to speculate whether the omission of not mentioning Adam Smith's Real Bills Doctrine was accidental or deliberate. However, it is well known that post-Mises Austrian economists have taken a disdainful view of the Real Bills Doctrine and it would have been nice to have Ebeling's coherent articulation of their position. I can do no better than revisiting Adam Smith's great contribution to the theory of money and credit (which, significantly, received the nihil obstat of Carl Menger a hundred years later) for the benefit of the Daily Bell's readership. full article...