If You Only Read One Blog Post This Week

If you read only one post this week, make it this one, from Cullen Roche of Pragmatic Capitalism:  The Biggest Myths in Economics.  Now, granted, if you read that post, it will probably lead you to read a number of the posts linked within it, but you will be smarter for it.

There’s a reason why so many prognosticators have been so wrong in forecasting the massive hyperinflation that was sure to come from quantitative easing, or the imminent default of US Treasury debt, or the unavoidable implosion of the US dollar,  or any of a number of other predictions which are based in a flawed understanding of reality.   Cullen’s post is a simple, concise base for you to start to understand why those prognostications were wrong.  In short: their base assumptions about how the monetary system operates were incorrect.

You don’t have to worship at the altar of Roche’s Monetary Realism – but I can say that Cullen Roche has been more important over the last several years to my understanding of how the monetary system works than any other author.

Read the post.

The Biggest Myths In Economics – Cullen Roche

-KD

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