BLOGOTHEK // Die aktuellsten Beiträge und Artikel der Österreichischen Blogs

Oil, the Ruble and Gold Walk into a Bar…Part III

  What A Gold Standard Isnt Can we all recognize the simple fact that every government price-fixing scheme, ever, has failed? For example, banana republics have declared their pesos to be worth $1. But when the market decides to redeem pesos for d...

Oil, the Ruble, and Gold Walk into a Bar…

  Part I – Unpacking the Narrative of how Russia is going to change the global monetary system. There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. Theres ju...

Mapping the Conflict in the Ukraine

  Dear Readers, the following post has been published on the 3rd of March 2014. Due to the recent historical events we are reposting it, conscient of the prescience of the meanwhile passed author, Pater Tenebrarum. Michael, Editor   Russian T...

Ukraine and the Next Wave of Inflation, Part II, Can Russia Enact a Gold Standard?

  Can Russia Enact a Gold Standard?   In Part I we discussed how the fallout from the Russian invasion of Ukraine will lead to inflation, but not in the way most people think.  In Part II we discuss the possibility of Russia repudiating the doll...

Ukraine and the Next Wave of Inflation, Part I

  Inflation from Useless Ingredients The cause of rising prices is not always monetary. Before Covid, we wrote a lot about mandatory useless ingredients. This is when regulators and taxinators force producers to add things to their products, which...

Response: Money and Payments: The US Dollar in the Age of Digital Transformation

Implications from the Federal Reserves Paper Our first comment is that every monetary change from the Founding of America through present has been to move away from free markets, and to adulterate our currency. An analogy could be made to the Ship of T...

Obituary for the Acting Man

          I write this with sadness, still, at the news of the death of my friend Heinz Blasnik. He is better known by his nom de plume, Pater Tenebrarum, who published the economics blog Acting Man and wrote for many other fin...

A Look Back at Nixons Infamous Monetary Policy Decision

  Putting the World on a Paper Standard Half a century ago one of the most disastrous monetary policy decisions in US history was committed by Richard Nixon.  In a television address, the president declared that the nation would no longer redeem ...

Post-Covid China

  Lessons to be Learned from East Asia The world should take a lesson from how East Asia ran itself in 2020. Japan had no lockdown. None. With an aging population, its death rate has been creeping up for many years. In 2020, it fell by 0.7%, as if Cov...