August 15, 2018

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The Global Mountain of Debt

The Global Mountain of Debt By Michael Zuber John Exter was a remarkable man in US economics and finance. His colourful career included positions as Vice President of the Federal Reserve Bank in New York, as Vice President at First National City Bank, and as a member of the Council of Foreign Relations. But what […]

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Fake Debt and Funny Money

The US Federal Reserve’s policy of buying debt instruments with money it’s creating out of thin air – currently at the extraordinary rate of more than a trillion dollars’ worth every year – is the right thing to do, because it doesn’t add to the net amount of US debt outstanding, argues the famous mega-speculator […]

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