Reboot – Wittgenstein’s Money [Allen Farrington]

Reboot – Wittgenstein’s Money [Allen Farrington]

“Imagine if all respectable business knowledge had been derived from studying large, established companies because there had never been a start-up in living memory. If a start-up then came along, people might well say, “that’s not a business because it doesn’t...
The Final Bubble is Bursting [Myrmikan Research]

The Final Bubble is Bursting [Myrmikan Research]

“One might ask: if much of the U.K. pension money was about to vanish, where was it going? Partly to the bankers, of course, but mostly, as with any bubble, the value was simply illusory. In 2001, Argentina forced private pension funds to purchase $2.3 billion...
The ECB is Trapped, Here’s Why [Lyn Alden]

The ECB is Trapped, Here’s Why [Lyn Alden]

“Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability of commercial banks, and it’s used as a savings asset by the public. Treasuries are liabilities of the federal government, and...