…benefits in exchange for the pittance of slightly higher taxes on the upper crust. The article goes even further astray at the end with its label of a “two-part deal”…

…insisting that their governments lower the value of their currencies to increase exports to the U.S. But the U.S. Treasury did not label either country a currency manipulator in its…

…and Fed) is constantly creating new, more, financial assets. New government bonds and currency, in particular, have no direct relationship to real investment. When you (or your bank) buy(s) a…

…is completely dependent on a simple, but important product produced by the government – our currency, which is not created by the “free” market at all, the free market is…

…its zombie existence in the textbooks. Open your wallet again: Yes, you see things called dollars, but most likely you also see a piece of pallastic labeled Visa or Mastercard….

…reasonable interest rates… It doesn’t work like this for countries capable of issuing debt in their own currency. To see this, re-run the Spanish example for the UK. If investors…

…of his view that Germany cannot afford to backstop the European Monetary Union (the single currency union referred to as the Euro area, or EA). Germany itself has been the…

…to the real world, and excluding the case of a “flight from the currency” in which ed and ew become large, e is, as a rule, less than unity.” In…

by Rebecca Wilder Fractional Money Multipliers Money multipliers – the stock of money divided by a measure of base money (generally reserves plus currency in circulation) – are dwindling to…

…the money that’s necessary for a growing economy to operate — by deficit spending. Private borrowers (and non-sovereign-currency states like Greece and Alabama) do have to pay off their debts…