If Quantitative Easing Works, Why Has It Failed to Kick-Start Inflation?

Illustration by William Banzai QE Has Failed to Spark Inflation Quantitative easing (QE) was supposed to stimulate the economy and pull us out of deflation. But the third round of quantitative easing (“QE3″) in the U.S. failed to raise inflation expectations. And QE hasn’t worked in Japan, either. The Wall Street Journal noted in 2010: Nearly a decade after Japan’s central bank first experimented with the policy, the country remains mired in deflation, a general decline in wages and prices that has crippled its economy. The BOJ began doing quantitative easing in 2001. It had become clear that pushing interest rates down near zero for an extended period had failed to get the economy moving. After five years of gradually expanding its bond purchases, the bank dropped the effort in 2006. At first, it appeared the program had succeeded in stabilizing the economy and halting the slide in prices. […] Read More

Some Of The Dumbest Taxes Throughout History

Submitted by Simon Black via Sovereign Man blog, In the days of ancient Rome, it was tradition for the upper class to liberate their slaves after a set number of years. The Roman government, however, looked at this as an opportunity to generate revenue, and they taxed the newly freed slave on his freedom. I can’t imagine anything more repulsive than paying tax on freedom. But they gave it a pretty good try– In 1696, the English government under William III (William of Orange) passed a new law requiring subjects to pay a tax based on the number of windows in their homes. Not willing to pay such a ridiculous tax on something as basic as sunlight, many Englishmen simply reduced the number of windows in their homes. There was less light… and less ventilation… which ultimately became a public health problem. To follow that up, England introduced a […] Read More

Martin Armstrong Asks “Are We Headed Into Global Fascism?”

Submitted by Martin Armstrong via Armstrong Economics, Fascism has been a term applied to the manner of organizing a society in which a government ruled by a dictator/bureaucracy that is unelected or a republic with pretend “lifetime” politicians,  controls the lives of the people and in which people are not allowed to disagree with the government. Such systems have always placed the “good” of the state before the worth of an individual. The right to property is subject to constant search and seizure and courts only rule in favor of the state. That was the closing days of Rome. It was also the Soviet Union and especially the East Germany with respect to organization. I went behind the Berlin Wall before it fell. You could not speak freely on the street but had to wait until you were alone.The Soviet Union was a Communist/Fascist State where you could not […] Read More