Goldman Sachs issued a stern warning on July 28, 2020: There now are “[r]eal concerns around the longevity of the US Dollar as a reserve currency,” noting that “expanded balance sheets and [America’s] vast money creation spur debasement fears.” Are those fears warranted? Is the US...

The Federal government is giving away money to bailing out America’s airlines. With Covid-19 ravaging airlines’ bottom lines, many believe this to be appropriate, an economically-wise decision. It isn’t. There are terribly consequential choices that governments have to make in order to ensure the well-being of their...

Inflation and deflation are often thought of as macroeconomic trends that impact broadly on national economies.  Not always so.  Although historians are prone to define periods broadly as inflationary or deflationary, they most often are doing so by measuring only labor and retail price movements....

Coronanomics 201 America’s wealth is eroding.  Its economic pie is shrinking …, and slices soon will be getting smaller. The focus of Coronanomics 201 is on the size of America’s metaphorical wealth/wealth-creating pie …, and on how its size has been affected by the novel Coronavirus.  America’s...

Today’s TLR is about Zombies, real economic Zombies. Individuals, companies, and governments that are the walking undead – suffocated by mountains of debt, doomed to eventual economic oblivion. Many are unable to currently pay even the relatively modest interest they owe …, individuals without adequate...