Exploring Hydrocarbon Depletion
NEW! Members Only Forums!
Access more articles, news & discussion by becoming a PeakOil.com Member.
MonteQuest wrote:The economic principle at play is one of inflation/defaltion. Too much money supply creates inflation. Too little, deflation. Cutting the money supply is easy. Increasing the money supply is another thing altogether. It is this balance that keeps the house of cards standing.
The accepted economic principle is that you will always be able to increase the money/energy supply. Without energy you can only increase the money supply by hyperinflation.
qwanta wrote:I thought this article was very interesting in the way it was put together:
I Want The Earth Plus 5%
I thought these books were worth taking a look at too:
Edward Griffin "The Creature from Jekyll Island"
Murray Rothbard "What has Government Done to Our Money?"
Murray Rothbard "Mystery of Banking" (scroll to the middle of the page)
spot5050 wrote:MonteQuest wrote:The accepted economic principle is that you will always be able to increase the money/energy supply. Without energy you can only increase the money supply by hyperinflation.
Hi MQ, accepted where? Got any books or links? I can't find anything that discusses economics and declining energy.
The principle seems to be common sense to me, but I have failed to find any economics books that even mention it.
MonteQuest wrote:Maybe I should have said the accepted "notion" or "assumption".
"Oil could head lower or even stabilize in the low $60s, which would be good enough for the market to rally," Dickson says. "So, by mid-October we're looking for a sustainable bottom and then we would jump in for a fourth-quarter rally."
On one hand you can make borrowing money more expensive but that is guaranteed to slow growth but it will control inflation.
On the other hand you do not raise rates but the economy still goes down because inflation eats up the growth and everything gets more expensive.
Either way the economy slows down.
ChadP wrote:The cynic in me says that at least some interest rates'll go up on October 17th.
Jst think we still haven't gotten the big wammies yet. Inflation report, Big Three Auto's "profits", CC minimums increase (Should mix nicely with already high levels of missed payments). And people rushing to file bankruptcy before the new rules come out.
MSNBC wrote:Three potential candidates are regularly mentioned for the Fed chairman job: Glenn Hubbard, a past adviser to Bush; Harvard economist Martin Feldstein; and Fed governor-turned White House adviser Ben Bernanke.
Other potential contenders include former Bush economic aide and ex-Federal Reserve Governor Lawrence Lindsey; Fed Governor Donald Kohn; Fed Vice Chairman Roger Ferguson; and ex-Dallas Fed President Robert McTeer.
Users browsing this forum: No registered users and 13 guests