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Armstrong Economics 101

Understanding the Reverse Side of the Flight to Quality

QUESTION: I’m having trouble reconciling your call between the next downturn (due to start in 2015.75 and your call on the Dow potentially doubling or more. ...

Creating Market Depth: The First Step in Creating an Economy

Exchange at Amsterdam Some people have difficulty rationalizing selling something they do not yet have. Of course, nobody complains when they buy contracts in the...

Fractional Banking v Matched Funding

Banking has existed from the earliest of times and has taken many forms from safe deposit storage, money changers, merchants with the ability to move money...

26-Year-Old Exposes Fraud of Piketty

A year ago, Thomas Piketty, 43, was the most sought after economist of his generation. With weighty arguments about capitalism’s increasingly unequal income...

Socialist Demand to Outlaw All Speculation

The debate in Europe emerging is just unbelievable. The Socialists are trying to outlaw all speculation for in their mind it is speculation that is causing prices...

Two-Tier Monetary Systems & Local Alternative Currencies

Throughout history there has been countless two-tier monetary systems where at times there have been a local currency issued by the immediate government, yet the...