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Fraud. Why the Great Recession?
Watch this crowdfunded documentary produced by Austrian school economist Jesus Huerta de Soto, author of "Money, Bank Credit, and Economic Cycles," on what caused the Great Recession. Click to watch it free online.
Tag Archives: inflation
Stealthflation
In April 2012 Chris Becker highlighted product debasement in a short post titled ‘Stealthflation.’ Stealthflation is hidden price inflation when instead of raising a product’s nominal price, manufacturers cut product sizes or reduce product quality. Stealthflation is rampant in South … Continue reading
Posted in Russell Lamberti
Tagged inflation, monetary debasement, monetary system, stealthflation
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Demographic Delusion
Michael Power, a strategist at Investec Asset Management and long-time inflation dove has penned a piece in the Business Day online titled, Demographics determine bipolar inflationary trends. Power has for years advocated for higher price inflation in South Africa, which … Continue reading
The SA Reserve Bank’s record
I dusted off this piece I did a year ago on chrislbecker.com where I assessed the SARB’s performance in accordance with its own prescribed legislative mandate. The results are dismal to say the least. I conclude, Not only has the Reserve Bank failed at each … Continue reading
Posted in Russell Lamberti
Tagged central bank, gold, gold standard, inflation, monetary policy, monetary system, SARB
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RE: On The Empirical Relevance of Austrian Business Cycle Theory
My friend Grant McDermott, to whom I wrote why I think the empirical relevance of ABCT by Lester/Wolff may produce “mixed” results replied to me in this post. This is a quick one to elaborate my points. Firstly Grant says … Continue reading
Posted in Chris Becker
Tagged ABCT, business cycle, central bank, fractional reserve banking, inflation, malinvestment, monetary policy
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The Declining Relevance of Fractional Reserve Banks
Here is a fascinating article on Wired about the declining influence and relevance of fractional reserve commercial banks on the lives of individuals. It argues that banks will one day look more like Google, Facebook, or Apple. Interesting about this … Continue reading
Posted in Chris Becker
Tagged banking crisis, central bank, fractional reserve banking, gold, inflation
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Further Thoughts on ABCT
Further to our posts yesterday, out of our discussion on ABCT came some thoughts on the length and shape of the production structure. While it is a feature of boom-bust cycles that during a credit-induced boom the production structure may lengthen … Continue reading
Posted in Russell Lamberti
Tagged ABCT, boom-bust, business cycle, crack-up boom, inflation, mises, production structure, regressing economy, Zimbabwe
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RE: On The Empirical Relevance of Austrian Business Cycle Theory
Chris: Further to your useful post, it goes without saying that Austrian methodology is wholly different from the empirical analysis employed in the Lester/Wolff study. Three points on this: Firstly, it is interesting that despite all the data shortcomings, the authors found … Continue reading
Burgerflation
This week Chris Becker and I did some research on price inflation on a Wimpy burger and chips combo meal and the CPI over 41 years. We found that Wimpy prices are up 11000% since 1972, while the official CPI is only up about … Continue reading
Posted in Russell Lamberti
Tagged burgerflation, CPI, inflation, Money Printing, under-reported inflation
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Radio Interview on Consumer Price Index
I spoke to Moneyweb’s Hilton Tarrant on the SAfm Market Update yesterday where we discussed the latest consumer price index data for June that was released by Stats SA yesterday. Listen to the interview or read the transcript here. For … Continue reading
Bob Murphy on his inflation bet
Bob Murphy speaks up for himself about his lost CPI inflation bet in a comment on EPJ. Bob MurphyJanuary 1, 2013 at 8:43 AM Thanks Bob W. Just a few clarifications everybody: (A) I made the bet with David Henderson … Continue reading
Posted in Uncategorized
Tagged Bob Murphy, EPJ, inflation, monetary policy, Money Printing, QE
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