An earlier version of this article appeared on American Thinker today. Dr. Alan Blinder, Professor of Economics at Princeton and former vice chairman of the Federal Reserve Board (amongst many other prestigious accomplishments), had an editorial on November 16 in the Wall Street Journal entitled “How Washington Can Create Jobs.” The editorial is a typical [...]
Archives for November, 2009
Even Dodos are Buying Gold
The “barbarous relic,” as Keynes called gold, seems to be popular again and gaining by the day. After years of Central Bank selling, we see a reversal of this trend. India bought a large amount within the last couple of weeks. China is increasing their holdings. Now Mauritius is doing the same. Mauritius is a [...]
Hyperinflation Redux
Image via Wikipedia My recent post on the US Hyperinflation Coming ties in nicely with the note provided below by Chris Coyne. He quotes Beaulier and Boettke who argue (along with Adam Smith) that facing up to our debt problems now is the proper course. In effect, they argue for the Zimbabwe solution now as [...]
Wisdom: Will Rogers on Government
Image via Wikipedia Will Rogers via last.fm Will Rogers was loved for his folksy humor. It was both funny and incisive. Here are a few of his observations on Government. They are probably more true today than when he uttered them. Why have we not learned? I have a scheme for stopping war. It’s this [...]
Banana Republic Economics
Gold standard abandoned August 15, 1971. Coincidence?