Blog

Could the Great Depression Have Been Prevented?

QUESTION: Dear Martin, I appreciate all you share. I watched a series on the Great Depression and they talk about how socialism saved capitalism. If true, is this [...]

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What were Roman Taxes v Modern Taxes?

QUESTION: You do a lot of comparison to the Roman Empire. What was the size of the government relative to GDP? Can you estimate that? GY ANSWER: The Roman economy [...]

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Europe Begins to Rebel Against Austerity

COMMENT: Mr. Armstrong; I attended the Berlin Conference. I have to say that you have done an excellent job of laying everything out from the rally in the euro back [...]

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Austerity: Good or Bad?

QUESTION:Ā Martin, The ‘Austerity’ argument seems a bit confusing. Surely,Ā  “Austerity” means reducing the size of Government and is an [...]

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Belgium Riots Reach up to 100,000 People Against Austerity

Major protests have broken out in Belgium over AUSTERITY,Ā according to Le Monde.Ā According to the police, up to 100,000 people demonstrated in the center of the [...]

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Austerity vs. Hyperinflation: Which Is the Precursor to Revolution?

QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. ItĀ seems [...]

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The Long Depression – the First Great Depression

What actually constitutes theĀ Long DepressionĀ has been debatable, for at first it was called theĀ Great Depression,Ā and then that title was transferred to the [...]

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Why Was the 1933 Confiscation of Gold A “Good Thing”?

QUESTION:Ā Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Rooseveltā€™s (FDR) actions [...]

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Merkel’s Obsession with Austerity & Bias of the Press Against Greece

TheĀ obsession with austerity stems from Germany’s experience with hyperinflation. This is akin to the USA’s obsessionĀ with the deflation of the Great [...]

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Merkel’s Amnesia: What Goes Around Does Not Always Come Around

Merkel is obsessed with the German hyperinflation (which leads to demands for austerity) and assumes that her personal promise that Greece will be made to pay back [...]

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