Monty Pelerin's World » 2010 September

The Fed’s Counterfeiting Efforts

banks, Fed, Inflation Tagged with: Accumulation Of Capital, Credit Expansion, Federal Reserve, Inflation, Obamacare, Wage Rates

Sep 302010

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

Government Driving Business down Road to Ruin

economy, Regulation Tagged with: Bernie Marcus, Cofounder, Economic Policies, economy, Home Depot, Microeconomics

Sep 302010

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

A Year Ago – Obama Failing

A Year Earlier, economy Tagged with: Memories, Obama

Sep 302010

A year ago today: Is Obama Failing Along With Everything Else? Posted by Monty Pelerin at 6:09 pm Sep29 2009 Share/Save Download article as PDF

Obama: Not Moses, Merely Elmer Gantry

all other, economy, Favorites, Government Tagged with: Democrat Implosion, Elmer Gantry, Intervention, Moses, Obama, Sociopath

Sep 292010

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

Schiff on Fed

Fed, gold, Inflation, schiff Tagged with: Fed, gold, Inflation, Peter Schiff

Sep 292010

Peter Schiff explains the stupidity inherent in Ben Bernanke’s objectives. Share/Save Download article as PDF

John Williams of Shadowstats

ethics, Government, morality, Williams Tagged with: Government Statistics, John Williams, National Debt, Shadow Government, shadowstats, Treasuries, True Government, Unemployment Rate

Sep 292010

John Williams of Shadowstats.com publishes what the government won’t — honest statistics. He uses original government definitions of various measures such as GDP, CPI, unemployment, etc. to restate their figures to their own (prior) definitions. His numbers are not pretty.

We are Broke!

Government, Insolvency Tagged with: David Wessel, Debt Obligations, Legal Maze, Municipal Bonds, State And Local Government

Sep 282010

Every level of government is broke. Period! That fact you must accept in order to understand the dire condition of this country. The options for any creditor are simple: Pay down the debt Borrow new debt to service the old

Gold Investing

gold Tagged with: Gold Bug, Gold Markets, International Borders

Sep 282010

11 Ways To Cash In On Gold (AU, NEW, ABX) by Vincent Fernando, CFA and Lawrence Delevingne Gold may be the hottest investment in the world right now. This yellow metal now commands more than $1,250 per ounce, and many folks

1400 to 1

economy, markets Tagged with: Corporate Insiders, Dramatic Improvement, economic recovery, Hubris, Reflation, Tyler Durden

Sep 282010

Tyler Durden on the continued disbelief from Insiders. They continue to be pessimistic about their firm’s futures. Of course there is no need to worry because Washington has the “big recovery” propaganda rolled out. Isn’t it amazing that Washington knows better

John Maynard Dracula will not die easily

Econ 201, economy, Keynesian Tagged with: Economic Troubles, Keynesian Economics, Maynard Keynes, Richard Mckenzie, Stagflation

Sep 272010

Richard McKenzie writes on Keynesian economics: The country will learn anew an old lesson: Don’t count on the federal government to wave away the country’s economic troubles with some refurbished fiscal wand. The wand didn’t work in the 1960s and

Stupid Economists

Econ 101, Government, History, knowledge Tagged with: Father Of Modern Economics, Murray Rothbard, Richard Cantillon, Thomas Edison

Sep 272010

Most people do not recognize the name Richard Cantillon. That is to be expected because most people don’t dig into detail beyond their chosen occupations or hobbies. Just mastering the complexities necessary to successfully navigate through life is challenging. Feeding and sheltering ourselves and our families

Humor – Helpful Gun Advocate

humor, Uncategorized

Sep 272010

From a reader. Original author unknown: Ralph, My neighbor is a “lefty” of sorts. So last week I put this sign up in my yard after one of his anti-gun rants at a neighborhood cocktail party. The sign wasn’t up more

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Random Favorites

The Obama Problem: Too Many People Know Him: The Obama Problem is simple to explain but impossible to solve. The problem is Obama himself and mos...
The Coming Political Upheaval: Politics as Economic Violence The late Murray Rothbard, famous Austrian economist and libertarian...
Inflation: The Last Gasp of the Obama Economic Crisis: Inflation is neither strategy nor solution; it is the last gasp of a desperate ruling class. Inflati...
Government of The Elites, By The Elites and For The Elites: In the short span of a century and a half, the US went from a government famously described by Abrah...
A Scathing Indictment of Society, Our Financial Culture and Our Government: My only comment is to read this piece and then re-read it. It conveys properly what much of our soci...
The Economic Crisis is Only a Symptom: There are few economic problems that don’t originate in politics. Originally, economics was known...
“Poor, nasty, brutish,” but perhaps not “short.”: The end of democratic socialism is at hand. The welfare states of the US and Europe are financia...
A Class of Economic Zombies, Another Triumph of Socialism : Apparently our government has succeeded in making almost half of the population dependent upon i...
The Destruction of The US Economy is Assured: The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicia...
Presidential and Political Baloney: Clarence Darrow was surprised by the incompetence of Presidents and stated: When I was a boy I was ...
President Quixote’s Legacy: Confused, Ill-Educated and Not Too Bright: The number of Obama supporters seems inversely related to his time in office. Many wonder what happe...
Economists Have No Clothes: Economics as taught and practiced these days has been severely removed from its original methodology...

Random Quotes

The man who lets a leader prescribe his course is a wreck being towed to the scrap heap. Ayn Rand
The Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but at MIT this puts them in the bottom ten percent of the class. Thomas Sowell
The word 'politics' is derived from the word 'poly', meaning 'many', and the word 'ticks', meaning 'blood sucking parasites'. Larry Hardiman
Society exists for the benefit of its members, not the members for the benefit of society. Herbert Spencer
Regulators talk a lot about systemic risk. They do not—and probably cannot—give a tight operational definition of what this means. So setting up an agency to prevent systemic risk, as Mr. Dodd has just proposed, is just another way to pick the public's purse. Systemic risk will forever remain in the eye of the beholder. Instead of shifting losses onto those that caused them, systemic risk regulation will continue to transfer cost to the taxpayers. The regulators protect the bankers. They continue to lose sight of their responsibility to protect the public. Alan Meltzer
We have to adapt and overcome, that's all we can do. Frank Knight

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