All posts in " Money Supply "
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The Money Supply Always Increases in Time of War

By admin / May 17, 2018

QUESTION: Your chart on the Roman money supply shows a huge spike going into 87BC.  Was that just because of the Social War? GS ANSWER: No. During the autumn of 88 BC, there was a massacre of more than 80,000 unsuspecting Roman civilians which took place in Anatolia (western Turkey). The victims were Roman and Italian merchants, […]

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Why the Quantity of Money Theory is DEAD Wrong

By admin / May 5, 2016

COMMENT: Bill Gross says you are wrong and helicopter money is coming and the Fed should print trillions to buy government bonds. Any comments? REPLY:Gross is not making a forecast without self-interest. Gross’ “helicopter money” calls for the Federal Reserve and U.S. Treasury to engage in another round of quantitative easing (QE) by printing trillions of […]