Tag Archives: inflation
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 Also 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, jim quinn, late-2000's recession, ludwig von mises, the bastard child of the mother of all bubbles, zimbabwe Leave a comment
The faces of interventionism: Paul Krugman and the ban on eggs by the dozen
[UPDATE below] Despite the fact that Obama has run up the greatest deficits in US history, running us into severe debt at about 1.4 trillion of debt per year and 2.9 trillion in new social security obligations per year, the senseless Nobel prize winner has decided that we’re headed into our country’s third depression because [...]
Posted in economics Also tagged 1873, currency policy, eggs by the dozen, european union, gold, grayson lilburne, mises institute, national debt, nobel prize, obama, paul krugman, social security, the deficit, the trade cycle, unfunded liabilities 1 Comment
supply, demand, hugo chavez, 160 000 000 pounds of rotting food
Though I’ve not been there in a decade and a half, I love Venezuela, where I lived the first five years of my life. And so second to the US, it is the nation whose politics most inspires my interest. Lately, under the direction of Hugo Chavez, the nation has been embracing a dangerously interventionist [...]
Posted in economics Also tagged food production, hugo chavez, interventionism, national security (cough), politics, price ceilings, profitability, venezuela Leave a comment
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. Related Posts:The MIT inflation project and the future of US inflationtwo thirteens and two forties: a look at [...]
Bernanke on gold prices: I don’t know why they’re at record highs.
I try not to deluge the reader here with all the economic stories I find interesting (I know, that’s probably hard to believe. But what I post here is just a selection of what I’m tempted put up.) But this story seemed particularly important. I recently read how Ben Bernanke was unable to explain why [...]
Posted in economics Also tagged ben bernanke, economics, federal reserve, gold price Leave a comment
dow numbers becoming bizarre
The conventional wisdom for about a century has been that no matter how volatile the Dow might be, over any ten year period it’s gone up. So stocks are good long-term. Always. Not anymore, though. In recent weeks, the stock market has finally dropped so low that it’s dollar value is lower now than it [...]
US Bank System Collapsing in Slow Motion
That’s the gist of the FDIC’s latest “problem list report,” as described in the Wall Street Journal. The number of “problem banks” on the FDIC’s list has reached a new high of 775 banks in danger of bankruptcy. To put that number in context that’s fully one-tenth of the banks in the United States. This [...]
Posted in economics Also tagged austrian economics, bankruptcy, fdic, federal reserve, problem banks, shadow stats, wall street journal Leave a comment
What’s Mitch reading? And what’s the Austrian theory of the trade cycle?
This. The question is this–is it possible to control boom cycles? Now, the continual position of the bureaucrats of the US treasury department is that we can, while simultaneously sprucing up the economy with thin-air-invented dollars that have no real underlying meaning. This position has been held even though a series of financial crisis has [...]
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. Related Posts:US Bank System Collapsing in Slow MotionJim Quinn on the [...]
Posted in economics Also tagged 2008 economic crisis, bank cartel, banking, bankruptcy, federal reserve, government, government spending, henry ford, taxation Leave a comment
i felt sick in the pit of my stomach