Inflation/Deflation

A Return to the Gold Standard Has Major Shortcomings – Here’s Why

World Bank president Robert Zoellick has stirred up a hornet's nest with his recent call for a return to a gold anchor in the global financial system. The usual suspects immediately denounced him - Keynesian Brad DeLong has [gone so far as to] anoint Zoellick the "Stupidest Man Alive" - [and I would like to add my voice to the chorus by explaining] the dangers of Zoellick's gold proposal, and why fans of the classical gold standard should be wary. Words: 1708

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What Would It Take For Hyperinflation To Occur in the U.S.?

There is a difference between inflation and hyperinflation...and there is no gradual path from one to the other. To wind up with true hyperinflation, some very bad things have to happen. The government has to completely lose control... the populace has to completely lose faith in the system... or both at the same time. [Are we there yet? Let's take a look.] Words: 1188

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