June 12, 2022 Several of the major central banks are stuck in a trap of their own making. This includes the US Federal Reserve, the Bank of Japan, the European Central Bank, and others. The credit-based global financial system we have constructed and participated in over the past century has to continually grow or die. It's like a game of … [Read more...]

Published: March 2022 Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries. How could something so simple and so universal, take so many different forms? Source of Icons: … [Read more...]

With debts at record levels around the world, there are folks calling for debt jubilees- the cancellations of certain types of debt. After a period of stabilization, the Congressional Budget Office expects federal debt-to-GDP to eventually reach 200% while deficits structurally continue to grow as a share of GDP: Chart Source: … [Read more...]

Published: February 2022 This article examines the concept of sovereign government debt from an investment perspective and a social perspective. What happens when it gets too high? And how high is too high? For decades now, there have been many over-simplistic views on government debt. Some people were acting as though it would be a … [Read more...]

Originally published: December 2021 When price inflation occurs, it can be a very challenging time for everyone. In that type of environment, prices of goods and services often go up faster than wages, and the public and policymakers wish to constrain them. Historically, when price inflation becomes rampant, policymakers tend to put in place … [Read more...]