Unit of Real Value: the Yardstick with which to stabilise price inflation

This is an interesting story about Brazil, vouched to be correct by a commentator who lived in Brazil at the time. The “Unit of Real Value” acts as an extra and REAL measure and thus provides a real and stable yardstick in a sea that wobbles with ‘credit money‘ and ‘interest money’ – unrelated to [...]

Common sense and history both suggest a pause in QE

QE means Quantitative Easing. It means Central Banks printing money. But their kind of money is Credit Money, i.e. somebody receives interest payments, and taxpayers pay via the Government’s share in the budget of “public debt interest payments”. This letter in the FT prompted me to spell it out, once again: When Governments print money, [...]

The Fed plans monetary inflation

This article is excellent as it makes the distinction between price inflation and monetary inflation. And it reveals the true colours and intentions of the Fed. I found it on this premier political community blog saying that apparently the Bank of England is taking its cue from the Fed. What else is new?…