The inflation rate is a measure of the increase in asset prices, measuring the percentage change in the average price level from the previous year. Where a positive inflation rate means rising prices, a negative inflation rate means falling prices, and a declining positive inflation rate means rising prices at a slow rate. Inflation can be … Continue reading Inflation

Calvin Coolidge “Inflation is Repudiation”

Calvin Coolidge the 30th President of the United States, he is well-known as a promoter of Libertarian ideals as he favored lower taxes and small government. Though, he was part of the inflationary low-discount rate policy under the Harding and Coolidge administration. When he said “inflation is repudiation” he meant the government repudiates their debt. … Continue reading Calvin Coolidge “Inflation is Repudiation”

Competing Crypto-Currency, RSCoin

The Telegraph reports the Bank of England are developing a new competing currency for Bitcoin, called RSCoin. “[This new currency transfers the] control of money creation from private banks to the state. Arguably, this would make the financial system safer and less prone to boom-bust cycles.” (Evans-Pritchard, 2016). Inflation-induced “boom-bust cycles” arise from monetary policy credit … Continue reading Competing Crypto-Currency, RSCoin