• Economic Threats

    • Balance Sheet Recession
      Richard Koo, Chief Economist %u2013 Nomura Research, explains why quantitative easing (QE) will not work in the GFC. Japan experienced this over the last two decades; the current crisis is merely a re-run.
    • Debt to GDP
      The real danger posed by debt is once debt becomes a significant fraction of GDP, and its growth rate substantially exceeds that of GDP, the economy will suffer a recession even if the debt to GDP ratio merely stabilizes. By Associate Professor Steve Keen, University of Western Sydney.
    • Cause for Concern
      Serious imbalances in the US economy: Paul Volcker, former chairman of the Federal Reserve (1979 - 1987), in his February 2005 address to the Stanford Institute for ...
    • The Impact of Inflation
      Inflation is the most commonly used economic term in the popular media. A Nexis search in 1996 found 872,000 news stories over the past twenty years that used the word inflation.
    • What's Behind the Interest Rate Conundrum
      INTEREST RATES, RECESSION OR DEPRESSION? Reproduced with kind permission from Aubie Baltin. Before we can even begin to discuss interest rates intelligently, we must first define what it is that we are actually talking about ...
    • How Socialism Works
      A simple illustration of how socialism reduces incentives to work.