Petri KajanderGary North

What central banks should do?

petri — Wed, 30 May 2007 09:02:57 +0000

Gary has very clear advice: nada de nada.

Why governments need more debt

petri — Fri, 18 May 2007 09:19:43 +0000

An excellent article by Gary North. See also the previous part.
Actually there are new concepts that require no debt – see e.g. Open Capital.

Legal counterfeiting

petri — Wed, 21 Mar 2007 08:38:36 +0000

Printing money does not increase the amount of products and services available in the market. It only increases the prices in the long term, in the short term it creates an illusion of increased wealth before the slow adjustment of prices catch up.

“The services money renders are conditioned by the height of its purchasing power. Nobody wants to have in his cash holding a definite number of pieces of money or a definite weight of money; he wants to keep a cash holding of a definite amount of purchasing power.”
Ludwig von Mises, Human Action, 3rd rev. ed. (Chicago: Contemporary Books, 1966) p 421.

Read Gary North’s The Official Counterfeiter.

Frank Shostak explains global liquidity and whether there is such a thing: The Yen and Monetary Liquidity

The Gold-Plated Sting

petri — Sat, 03 Mar 2007 09:30:28 +0000

Why don’t we use gold as money anymore?

The Gold-Plated Sting by Gary North.