Category Archives: economics
gold at 1381.61
Yup. Related Posts:gold is at 1807Now why is gold at $1652.68 — the highest dollar price in world history?two thirteens and two forties: a look at US financesgold at 1382.35gold at 1377.76
gold at 1377.76
Yup. Related Posts:gold is at 1807Now why is gold at $1652.68 — the highest dollar price in world history?two thirteens and two forties: a look at US financesgold at 1382.35gold at 1381.61
gold at 1372.08
Yup. I promised, I deliver. Related Posts:gold is at 1807Now why is gold at $1652.68 — the highest dollar price in world history?two thirteens and two forties: a look at US financesgold at 1382.35gold at 1381.61
gold price at 1371.70
Oh yeah. That threat in the last post was serious. Here’s the rap again: Related Posts:gold is at 1807Now why is gold at $1652.68 — the highest dollar price in world history?two thirteens and two forties: a look at US financesgold at 1382.35gold at 1381.61
gold price at 1371.57
New high. Due, of course, to our fraudulent system of state-backed fractional-reserve banking, and our outrageous debt/deficit problem. The dollar has lost 8% of its value against gold in the last month–bordering on hyperinflation. And so I’ve made a decision. Each time I see a new price for gold higher than anything I’ve ever seen [...]
Posted in economics Tagged boom bust cycle, deficit, fractional reserve banking, gold, hyperinflation, keynes vs hayek rap anthem, national debt 5 Comments
on global warming and the corrupting effects of money
One might think that we are libertarians because we believe that money does not corrupt people. I cannot speak for all my fellow libertarians, but I for one am a libertarian because I believe that money does corrupt, and that therefore the power to use law as a means of extracting and redistributing it is [...]
Posted in economics Tagged global warming, harold lewis, james dellingpole, physics, pseudoscience 6 Comments
i, pencil
Click here to read the marvelous essay on the pencil by Leonard Read. It is a simple and profound explanation for why capitalism works. Related Posts:Ten Things to ReadThoughts on the People of Irangandhi was an anarcho-capitalisttoward a glossary of fontwords.comwords are too sticky: capitalism and acts 2
Posted in economics Tagged capitalism, i pencil (essay), leonard read, manufacturing, pencils Leave a comment
economics is filled with high school drama
If you thought Glee was dreadful, you should see modern economic posturing and courtship and whatnot. It’s dreadful. So says Robert Murphy. And hearing Paul Krugman referred to as a “Saucy Vixen” is priceless. Related Posts:Genghis Khan, Tabriz, and Fiat CurrencyJames Altucher on Self-PublishingNicola Rossi’s “Generation of Locusts” Speech Now in EnglishBitcoins are on the [...]
jesus huerta de soto on banking
I just finished reading Jesús Huerta de Soto‘s masterpiece Money, Bank Credit, and Economic Cycles (English translation by Melinda A. Stroup). It does for banking what Mises‘ Human Action does for economics as a whole. The book delves deeply into the history of banking, the origins and genuinely fraudulent nature of fractional-reserve banking, and how [...]
gold at 1382.35