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“The U.S. economy felt like a balloon in search of a needle” – Part II
Share this articleInterview with Robert Mark: Claudio Grass (CG): In this surreal policy environment, how has the role and the investment process of the value investor evolved, especially over the last decade? How can one still identify value in a world of subsidized binge borrowing, extreme indebtedness, and stock buybacks? Robert…
Radical Decentralization Ensures Sovereignty of the People
Share this articleProduced and published by Global Gold. Our readers probably realize by now what a proud Swiss fellow I am, and how I take every possible opportunity to argue that Switzerland represents a role model for achieving radical decentralization and respect for civil liberties. When municipalities, cities or smaller…
Parity hysterics: What it means and what it doesn’t
Share this articlePart I of II, by Claudio Grass, Hünenberg See, Switzerland There’s been a flurry of articles, news stories and headlines lately over the developments in the FOREX market, specifically over the moves of the EUR/USD currency pair. As headwinds on all levels, economic, geopolitical and social, got a…
A bank is a bank is a bank
Share this articlePart I of II by Claudio Grass It might sound like an old-fashioned notion, the sort of thing that one reads about in period novels and romantically sighs “oh, the good old days”. It might sound like old timely advice, perhaps of the kind that our grandparents would have…
Modern Monetary Theory is an old Marxist Idea
Share this articleThere is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures…