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ABS continued its long-standing support for the Amver Awards by sponsoring a ceremony recognizing the contribution of Norwegian shipping to the unique reporting system that supports search and rescue efforts for seafarers in distress. Hosted at the U.S. Ambassador’s Residence in Oslo, the ceremony saw 261 vessels from 40 Norwegian shipowners and operators honored for ...
Milton Friedman was right. Create too much money and you get inflation. We are witnessing the proof of that right now.
That the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates. Rising bond yields, falling equity markets and debt-triggered insolvencies will naturally follow. According to the economists prevalent in official circles, a prospective mix of so-called deflation and rising prices are contradictory, should not happen at the same time, and therefore cannot be explained. Yet that is the prospect they now face. The errors in their lack of econom...
Who has heard of the monetary repression tax (MRT)? Very few, it seems, judging by the lack of popular anger. Yet revenues from this tax have swolle...
Who has heard of the monetary repression tax (MRT)? Very few, it seems, judging by the lack of popular anger. Yet revenues from this tax have swollen under the 2 percent inflation standard.