The RBA cut rates from already low 1.75% to 1.5% -BUBBLE ALERT- we will be going negative next. See my related articles Deflation Down Under, RBA Kangaroos Kick For Lower Rates!, Interest Rates Are A Market Price Signal Not To Be Interfered With, Central Banks Interest For Resolving Unemployment, and Money Pumping – What Malinvestments? … Continue reading RBA Rate Cut 1.5%, How Long Until Negative?
Currency devaluation means a reduced value of currency with respect to foreign currencies and its reduced purchasing power to foreign goods, which result from monetary policy. In a small open economy, as such the assumptions of the Mundell-Fleming model, currency devaluation can result from expansionary monetary policy, referring to the lower exchange rate instead of … Continue reading Currency Devaluation: Exports > Imports
Manipulating interest rates in any degree, one is considered to be committing legal plunder. Though, the law is no less immune to manipulation than are interest rates. The law could not organise interest rates without disorganising justice, the resulting transmission of wealth through intended inflation is a violation of property. Legal plunder: “[The word plunder … Continue reading Blunder or Plunder?
Mike Maloney documentary series on the Hidden Secrets of Money covers the evolution of money and its properties. Topics on economics that are covered include deficit spending, fiscal policy, debt ceiling, and trade cycles. Also, he reviews the role of the Central Bank and how its creates currency affects asset prices and purchasing power. To … Continue reading Hidden Secrets of Money – Mike Maloney