Tag Archives: Government deficits

QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation

Currency Wars

A government faced with financing its deficits in quantities some multiple of private saving must resort to monetary schemes in order to keep its promises to spend. Monetary schemes are essentially costless ways to pay the government’s bills today while … Continue reading

Posted in The Spellman Report, Video Spellman Reports | Tagged , , , , , , , , , , , , , , | 1 Comment

Denial, Default or Treasury Currency: the Hobson’s Choice

hobson

Spain’s financial vulnerability has been in the spotlight recently. The trickle-down from a single bank’s insolvency gives us a glimpse of how country funding shortfalls are likely to be handled in the coming decades. The Spanish bank in question, Bankia, … Continue reading

Posted in The Spellman Report | Tagged , , , , , , , , , , , , | 1 Comment