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Category Archives: economics
gold cracks the 1250 ceiling again
That’s right. Gold hit $1250.80 today. Gold gets stronger and stronger compared to the dollar for one simple reason: government is always printing more dollars out of thin air, but no one can do that with gold.
i’ve finished human action
And it is absolutely great: the finest work of economic thinking I’ve ever read. It embraces the whole scope of economics. Although I dislike the concept of compulsory high school education, if we are to have it we’d be better served by a year-long dissection of Human Action than we would by the existence of [...]
Posted in economics Tagged ap euro, economics, human action, ludwig von mises, mr brenneman Leave a comment
gold is moving independently of the dollar
At least that’s what Elizabeth Tawne is saying. And her take on this is that this is a sign of beginning to be used more widely as a store of value for those whose funds would otherwise be threatened by the inflationary tendencies of governments with fiat currency. If she’s right, that’s one more step [...]
is china’s spectacular recent growth a mirage?
No, that’s not quite right. We know China’s been undergoing some massive growth in recent years–real growth fueled by economic liberalization and technological progress. So a more accurate way to ask this would be: are the numbers we have seen for Chinese economic growth lately deceptive because they are part of an inflationary boom cycle [...]
Also posted in uncategorized Tagged bloomberg, bust, china, chinese money supply, construction, economic growth, enron, inflationary boom, james chanos, kynikos, m2, malinvestment Leave a comment
on the fed and full disclosure
The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer. The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on.
Posted in economics Tagged 2008 economic crisis, bank cartel, banking, bankruptcy, federal reserve, government, government spending, henry ford, inflation, taxation Leave a comment
cause-and-effect: healthcare bill edition
The market is governed by simple principles derived from the fact that on the free market everyone is trying to get whatever it happens to be that they want. One of these rules concerns the relationship between supply and demand.
Also posted in bloated government Tagged cause and effect, doctor shortage, doctors, healthcare, hospitals, makelaw, obamacare, price, price controls, supply and demand, the market Leave a comment
economic news and commentary for today
Gas prices, banking risk management, and new FDA regs:
Posted in economics Tagged bailouts, banking, chicago, fda, fdic, for your own good, gas prices, greed, july 2010, kathleen sebelius, nutrition information, regulation, risk management, the fed Leave a comment
the fed godfather?
Hmm . . . The concept of the Fed as a destructive con-job has apparently hit even the mainstream media (in the form of MSNBC). Very good. This is a pretty good description of exactly where our financial problems came from. Keep in mind, of course, that by ‘con job’ I am referring only the [...]
Also posted in in the news Tagged austrian theory, cheap credit, con job, conspiracy, federal reserve, inflation, mainstream media, msnbc, the fed, trade cycle Leave a comment
what i read yesterday