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(Email from reader T.B.) “These various stages of capitalism, or finance, are interesting and descriptive. But I think the progression is rather simply explained as an ongoing perversion of capitalism caused by inflation: credit expansion or any kind of money-supply inflation. Have you seen Henry Hazlitt’s colorful statement about the consequences of inflation? If not, […]
(Email from reader T.B.) “These various stages of capitalism, or finance, are interesting and descriptive. But I think the progression is rather simply explained as an ongoing perversion of capitalism caused by inflation: credit expansion or any kind of money-supply inflation. Have you seen Henry Hazlitt’s colorful statement about the consequences of inflation? If not, […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The world is going to be re-made, perhaps not for the better, in the chaos that ensues. And perhaps that is not by accident. Own some gold; own some gold shares. You need to let this clear, and you don’t want to be involved in […]
About this week’s show: An open hand: Your business & assets as your ministry/legacy Upside-down world: stocks now for income and bonds now for capital appreciation?!!! Upside-down world: Krugman calls for MORE spending and debt to solve debt problem?!!! The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “The world is going to be […]
This month we welcomed the return to the Weekly Commentary of a guest with whom we do not always agree, but from whom we always learn much. Richard Duncan speaks clearly and insightfully on matters of great import. He agrees with us that our current economic system of “creditism,” as he calls it, has been an ill-advised departure from capitalism.
I found my thoughts this week returning to Hyman Minsky, financial evolution and Capitalism. Updating my 2013 Government Finance Quasi-Capitalism thesis seemed overdue. “Minsky saw the evolution Capitalist finance as having developed in four stages: Commercial Capitalism, Finance Capitalism, Managerial Capitalism and Money Manager Capitalism. ‘These stages are related to what is financed and who […]
The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This kind of interventionist behavior on the part of central banks all around the world – this is where gold gains traction again, when people say, ‘You can’t make heads or tails out of interventionism and the only way to hedge against a blow-up is […]
About this week’s show: Biblical Joseph is a model of stored assets DEPLOYED WELL Embracing cyclical up’s & downs vs. debt driven crash avoidance Gold is now bringing in a brand new type of investor The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick “This kind of interventionist behavior on the part of central […]
