Category Archives: economics
i felt sick in the pit of my stomach
earlier today, when I checked the price of gold and found it at $1347. Despite the mental pleasure of understanding exactly what has been and is being done with respect to our nation’s currency policies, their joys cannot compensate for the pain of watching the world monetary system being torn apart piece by piece. A [...]
Jim Quinn on the mother of all bubbles
Money, we’ve been told, is the root of all evil. Leaving behind the various shades of meaning that may or may not be present in that pithy saying, let’s look at the financial markets, where easily available money generated hand over fist is the root of all sorts of evils (or, if we want be [...]
Posted in economics Tagged austrian theory of the trade cycle, ben bernanke, central banking, credit expansion, easy credit, federal reserve, fiat currency, hard money, housing bubble, human action (book), hyperinflation, inflation, jim quinn, late-2000's recession, ludwig von mises, the bastard child of the mother of all bubbles, zimbabwe Leave a comment
from the communist manifesto
Page eleven in my copy, in a preface by Frederick Engels, Related Posts:we all admit the existence of exploiterskerby anderson, government, and the biblemurdoch misunderstands the internet news world
gold hits all-time high again
It did it yesterday, and it’s happened again today. As I write this, gold is at $1273.62 per ounce. Gold strengthens while the dollar weakens. It’s why we need to quit printing money out of thin air through the Federal Reserve, and why we need to get back on a gold standard. In the long [...]
Posted in economics Tagged federal reserve, fiat currency, gold price, gold standard Leave a comment
evolutionary psychology and folk economics
Toban Wiebe uses the traditional evolutionary theory of human origins to explain whence came the odd set of biases that he collectively refers to as “folk economics,” and which are provide an endless font of ignorance for economists to try to stem. I just thought one addition was in order: because the goal of the [...]
Posted in economics Tagged creationism, darwinism, economics, evolution, evolutionary psychology, folk economics, human evolution, toban wiebe Leave a comment
gold price hits all-time high
Starting to feel like a broken record, no? But it’s true: gold just hit an all-time high against the dollar, with a price of $1271 per ounce. And silver, my personal favorite precious metal is at a shocking $20.53, which means my recent investment in silver has already netted me a 5% gain in about [...]
gold standard reaches forbes magazine
Oh yes. You heard that right. This article in Forbes Magazine, by Johnny Tamny, predicts that we as a nation will be back on the gold standard within three years. Of course, the prediction is worded in such a way that it’s fully deniable, but it’s remarkable nonetheless. Related Posts:gold hits all-time high againron paul [...]
Posted in economics Tagged fiat currency, financial crisis, forbes magazine, gold standard, johnny tamny 3 Comments
i just watched gold cross 1350, 1351 . . .