mavSolve

UGH!!! Can we survive this?  The media is talking about a 3.1 Trillion dollar deficit (eventually).  And, the best part, is they are claiming that Obama is "...inheriting..." the problem.   They aren't seeing that the problem is indemic to a money based on debt and fiat money.   Oops, economist creeping out again... let me explain (briefly). The "gold standard" was a real thing.   It stated that their could only be as much "money" in the system as there was "wealth".  While these two ... Read More

I had a breakthrough; an epiphany of sorts this afternoon.   Sometimes, things roll along and they don't make sense, but I just figured something out.  How can the cartel we call the Federal Reserve continue expanding the money supply endlessly, including dumping over $1 trillion dollars into circulation in the last three months, and still claim low-single-digit inflation?   We economists know the truth, right?  With a limited amount of wealth creation, if money supply grows faster than real wealth, our dollars are ... Read More