Tag Archives: inflation
Republican debate, 3: Ron Paul’s use of reasoning vs. Rick Perry’s attempt at physical intimidation
(All quotes from here.) Because Ron Paul has been almost painfully consistent in his support of the Constitution and liberty, one of the things that he is best at is showing his fellow Republicans for what they are: inconsistent people who flit back and forth between promoting liberty and promoting big government, shamelessly, and with [...]
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The CIA slips up on public debt
The CIA has a neat little web page where it lists the various countries of the world in terms of the public national debt as a percentage of GDP. Above the list, technical details are explained: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country’s home [...]
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m1 monetary inflation by year since 2000
2011 — 8.4% for the first half of the year: 17.5% for the year if present trends continue (my own calculation based on seasonally adjusted income here). All data comes from that same source. 2010 — 10.0% 2009 — 6.0% 2008 — 14.9%. 2007 — 0.4% 2006 — -0.5% 2005 — 1.0% 2004 — 4.6% [...]
Welcome to Treasury Roulette.
The US Treasury department has locked itself into a lose-lose game of financial Russian Roulette, trying to skip back and forth like a nimble elf between the two end-games of hyperinflation and government bankruptcy. One or both will finish it off, and we are late enough in the process that it’s going to be fairly [...]
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The MIT inflation project and the future of US inflation
According to the MIT Billion Prices Project, and the far less credible US government, annual inflation is approaching 4% in the United States. Although this is what many would call low inflation, consider this: Related Posts:The government is no longer necessary for inflation monitoring.Welcome to Treasury Roulette.The faces of interventionism: Paul Krugman and the ban [...]
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Keynes and Hayek, second round
So, here’s the current state of things: National debt: $14,366,000,000,000.00 — $128,824 per taxpayer. Inflation: the dollar as lost 3.5% of its value over the last year [1]. Annual deficit: $1,355,000,000,000.00 — $12,241 per taxpayer. Price of gold: $1563.13 per ounce — up 31% over the past year. Price of silver: $47.88 per up — [...]
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The government is no longer necessary for inflation monitoring.
The little army of statisticians the government hires to keep track of inflation figures are no longer necessary. The MIT Billion Prices Project has leveraged the largest data collection in the world, the internet, to develop a price index that renders government inflation bean-counters utterly unnecessary. So, in the spirit of slowing the growth of [...]
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a parable of inflation in war-time
By Fritz Machlup: A dealer bought a thousand tons of copper. He sold them, as prices rose, with considerable profit. He consumed only half of the profit and saved the other half. He invested again in copper and got several hundred tons. Prices rose and rose. The dealer’s profit was enormous; he could afford to [...]
The Interest Rate Absolute Kill Point is 15.3%