Tag Archives: debt

The debt limit explained

I’ve been too busy to post much recently, but this is a nice satirical look at the US debt limit: H/T Coyote Blog Advertisements

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Schlichter on the 1 trillion dollar coin

But once the government has replaced liquid government bonds on the central bank’s balance sheet with illiquid coins the central bank’s maneuverability is severely restricted. When the public gets nervous about inflation, the central bank would have to reverse its … Continue reading

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Quote and chart of the day

Whoever said the advent of the Federal Reserve, or the end of “hard money” standard courtesy of Richard Nixon, made catastrophic or systematically shocking events less frequent, probably should have their head examined. Tyler Durden, of ZeroHedge. Accompanying this: You don’t … Continue reading

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The case for pessimism

For those hoping for a positive, upbeat post today, you’ll have to look elsewhere. The direction world leaders are heading doesn’t bode well – it seems each country is trying to out do its neighbours in repeating the mistakes of … Continue reading

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