Tag Archives: Monetary System

  Herland Report: A popular meme in the Panic of 2020 asks, if gold is such a bellwether, why has its price not greatly increased?  …and indeed, gone down. The reason why is at the heart of why Modern Monetary Theory — now forcibly embraced — is doomed to fail. But first, a few ground rules. If the government of Venezuela …

  Herland Report: Ben Bernanke House of Weaponizing the US dollar: After credit markets froze in the subprime crash of 2008-2009 Ben Bernanke and the Fed conjured up a number of monetary tricks to keep the system afloat. POMO, Twist, QE, TARP, repos, and currency swaps (and other monetary tricks) were used to provide liquidity to an essentially bankrupt system …