Swart Donkey

FIAT Money  is worth something because the Government says it is worth something. It is worth something because we all agree to play along....

The key drivers of inflation are (1) expectations, and (2) supply and demand .  1) As we become used to inflation, we expect wage incre...

By lending money to people to buy houses, you don't make houses more affordable. You create money , not roofs. The financial world he...

When I moved to London in 2008, one of the noticeable differences was less worry about inflation . I worked in investments and all the numb...