That the artificial interest rates in evidence in our hugely distorted capital and money markets can be made negative in nominal as well as in real terms is, alas, the curse of the modern age. Though entirely at odds with natural order – as we have repeatedly tried to make plain – they are also […]
Tag Archives: Money
A brief, pictorial essay seeking to illustrate a few salient features of today’s gold market, such as what underlying factors drive the gold price? How ‘cheap’ or ‘expensive’ is gold on a relative and historical basis? Gold or gold miners, that is the question. How is the gold market positioned? What do the technicals say […]
That usually perceptive and always interesting observer of the financial Zeitgeist, Bloomberg’s estimable Mark Gilbert, recently penned an article entitled: “Milton Friedman’s ‘Helicopter Money’ Is Looking Less Crazy.” In response, I mailed him the comments which follow (with light editing) here.