The Fed argues we have too little inflation. Their stated goal is to increase the rate of inflation. What is the correct amount of inflation that a society should have? If you answered zero you may be right, depending upon how you define inflation. If you define inflation in terms of changes in the money supply, then [...]
Archives for September, 2010
Government Driving Business down Road to Ruin
Bernie Marcus, co-founder of Home Depot, sheds light on what he went through and what is going on in the economy now. He provides the classic example why microeconomics overrules macroeconomics and why there can be no recovery under the economic policies imposed by a our know-it-all President. As I have said many times before, [...]
A Year Ago – Obama Failing
A year ago today: Is Obama Failing Along With Everything Else? Posted by Monty Pelerin at 6:09 pm Sep29 2009
Obama: Not Moses, Merely Elmer Gantry
The abject failure of the Obama Administration is painfully obvious. Herman Cain described the situation: Millions of voters have come to realize that this presidency lacks leadership, direction, decisiveness, economic urgency and, most of all, solutions. This combination of deficiencies has produced a more than uninspired citizenry, except for the most loyal and misled supporters [...]
Schiff on Fed
Peter Schiff explains the stupidity inherent in Ben Bernanke’s objectives.
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