Argentina’s Default: A Devastating Lesson in Unfunded Government Liabilities

Argentina’s central planners have pursued a slew of defunct monetary policies of the Keynesian, Monetarist and Mercantilist variety. Repeated default is the fruit of that labor.
An Adult Approach – II (Defining Relative Real Value)

In this piece we seek to provide a truer sense of money, inflation and real value today, all of which seem grossly misunderstood in the marketplace.
Inflation: An Expansion of Counterfeit Credit

Inflation is not rising consumer prices. One can’t understand much about the monetary system from inside this box.