Paul Hein
Paul Hein Articles
I am holding a flyer distributed by a supermarket chain in northern Spain. It says, across the top of the first page: "Prices in effect from the second until the fourteenth of January, 1998." Obviously, therefore, the booklet was printed...
Monetary Realists, knowing not so much what they've been taught, but what they've learned with their eyes open and ears tuned, see things clearly, without peering through a haze of misinformation masquerading as knowledge. Like the boy in...
Monetary Realists--both of us--are like the little boy in the story of the Emperor's new clothes. Untrained in economics, we do not know what we are supposed to see; and we have escaped the indoctrination, a.k.a. education, which instructs...
Greg Mastel is a member of the Washington think-tank Economic Strategy Institute. He is concerned about the economic situation in Asia, declaring "It's like hurricane Bonnie." These problems are not of our own making, and they are beyond...
Among life's few certainties is the passage of time. The year 2000 is coming, ready or not. Indeed, it is almost upon us. And equally as certain is that it will cause some degree of disruption in computer programs that require a date to...
The deterioration of the ruble is generating a lot of solicited and unsolicited advice. Much of it concerns devaluation, which the Russians are, so far, resisting. After all, Thailand, Indonesia, and South Korea devaluated, and their...
I suppose that the person who coined the aphorism "The pen is mightier than the sword" did so from behind the safety of a desk. The men in the front lines of battle would prefer machine-guns to ball-points.
Time changes all things,...
Since we first outlined our scheme for profitable airline operation (NoFly Airlines) there have been so many letters demanding more information that we are going to use this opportunity to answer both of them.
Not so very long ago our paper currency was like a hat check. You could take it to the issuer and get something for it: a hat, in the case of the hat check, or money, in the case of a bank note. Even today, you can redeem your hat with a...
The interest being paid on the national debt is about a billion dollars per working day. It is being paid, ultimately, to the bankers, because the bankers are the source of our money. And that is only on the government's portion of the...
