March, 2011

Disaster is Inevitable

Ty Andros and Gordon T. Long have instituted a three-day per week audio discussing current events. Investors might want to listen to these. The most recent one is ANOTHER EUROPEAN CRISIS although it is particularly insightful regarding our own problems, especially the banking sham. THIS IS A MUST LISTEN TO UNDERSTAND THE IMPOSSIBILITY OF THE ECONOMIC PROBLEM. Problems with the [...]

Hoppe, A Rothbard-Protege, Discusses The State

Hans-Herman Hoppe is a man who has been painted as a kook, radical and many other epithets. These epithets are standard fare for those unwilling to deal argument. Ad hominem attacks are not refutations of ideas. merely the refuge of scoundrels promoting a logically indefensible agenda. Hoppe is considered dangerous to big government because his ideas question the very purpose [...]

A Tale of Two Economies

The following chart, courtesy of Heritage via SBVOR, shows the difference between good and bad economic policy:

Bonner on Inflation and Economy

Bill Bonner has a knack of putting complex matters into simple words. Here is an example: How Inflation is Preventing a Real Economic Recovery by Bill Bonner Oh what a wicked twist… What a nasty turn… What a bummer! Now, consumer prices are rising. The feds wanted inflation. Apparently, they’ve got it. The latest figures show consumer prices rising at 0.5% [...]

No Recovery

My contention is that we are not in a recovery but rather a deep recession headed on our way to a Depression. Government and media propaganda has run overtime to try to pretend that matters are improving. The largest fiscal and monetary stimuli in the history of the world were used to “juice” the numbers, with little effect. Michael Panzer [...]

When You Strike At A King, You Must Kill Him

Thomas Sowell opines on our Lybya-Qaddafi “strategy” and The World’s Greatest Strategist: The most charitable explanation for President Obama’s incoherent policy in Libya– if incoherence can be called a policy — is that he suffers from the long-standing blind spot of the left when it comes to the use of force. A less charitable and more likely explanation is that [...]

The Super Bowl of Monetary Policy

From Barry Ritholtz comes this gem: WJB Technical Analyst John Roque channels his inner imp to deliver these delightfully sarcastic bon mots: “Won’t it be cool if subsequent versions of QE are referenced with Roman numerals like the Super Bowl?”

Food Storage

A  reader, Jason McNew, submitted this article on food stocking, requesting that it be published. I usually don’t honor such requests, but thought there might be enough interest. I have not begun stocking food, although know many people who are. Chris Martenson has been advocating this protection for quite a while. Should you have any questions regarding this post, please [...]

Request for Comments/Questions

I received the following comment from reader ER. The questions/comments are appropriate and I intend to respond within the next few days. In the meantime, please respond with your own comments/questions that pertain to the issues raised below. I shall try to write a post that deals with all of them. When will the dollar collapse? When will hyperinflation start? [...]

Rosie on Economy

David Rosenberg offers his usual incisive comments on the economy and suggests a couple of reads: Whether you are perma bull or perma bear or everyone in between, the  column by Paul Lim in the Sunday NYT business section (The Bounce Isn’t Enough to Recover From a Bubble on page 4) states that fully recovering from a bubble burst usually [...]

The Results of Quantitative Easing

Robert Murphy provides an excellent review of the results of the Fed’s Quantitative Easing policy. His conclusion: With job creation remaining scandalously sluggish, andhousing sales still on the skids, about the only thing we can say with confidence is that QE2 has stuffed hundreds of billions into the pockets of the friends of Bernanke.

Markets vs Interventionism

Mish provides a brief lesson in “libertarian” economics vs. “regulatory” economics. I like his post, but not his dichotomy. Perhaps a better taxonomy might have been markets vs. interventionism, although with the ignorance regarding economics that exists I understand why he chose what he did. True libertarians and regulators will object that Mish represents their positions. From a “purist” standpoint, [...]