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Fiat Currency

Obama Uses Blazing Saddles Strategy to Negotiate Debt Ceiling

Bill Frezza | Posted 03.22.2013 | Politics
Bill Frezza

Regardless of how the current debt ceiling circus act plays out, don't be surprised to see what happens to Uncle Sam's credit rating as potential lenders to a government living well beyond its means start figuring all of this out.

Too-Big-To-Fail Banks Gamble With Bernanke Bucks

Bill Frezza | Posted 03.09.2013 | Business
Bill Frezza

We have learned nothing. The Dodd-Frank bill enacted to make sure "this never happens again" has accomplished nothing. The Sarbanes-Oxley bill enacted after the last crisis to make sure "this never happens again" accomplished nothing.

The Certainty of Debt and Taxes - The Fiscal Cliff Burden of Proof

Warren Mosler | Posted 09.08.2012 | Business
Warren Mosler

Federal deficit reduction should be off the table, and the burden of proof of a sufficiently high long term inflation risk be on those who want to put the deficit back on the table.

Sell Illusion, Purchase Reality: Currency as a Cultural Conceit

Robin Koerner | Posted 08.02.2011 | Business
Robin Koerner

An increasing number of people are coming to understand that our currency has no inherent value. Many also realize that it is not even a fixed measure of value.

Tragedy in Greece

Bill Baker | Posted 02.11.2010 | World
Bill Baker

What was once a cradle of civilization now accounts for only 2.6% of European Union output, and the rest of the continent simply can't let its financial system implode just yet.

Deficit Terrorism Could Kill the Euro

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

The insanity of self-imposed political constraints which limit the range of fiscal policy, not only impart a deflationary bias to the economy, but also preclude the adoption of prompt counter-cyclical policy.