Monty Pelerin's World

Rioting Over the Weekend

law Tagged with: Black Bike Week, Drudge Report, Long Hot Summer, Melee, Rioting, War Zone

May 312011

From the Drudge Report today are the following articles: UPDATE: MIAMI ‘WAR ZONE’ DURING URBAN WEEKEND… ‘I was scared for my life’… Poet ‘Da Real One’ Gunned Down In Front Of Miami Poetry Cafe… Violent crime explodes in Myrtle during

The Once-Mighty Dollar

Bernanke, currency, dollar, Fed, gold Tagged with: Currencies, Deterioration, dollar, precious metals

May 312011

Ben Bernanke’s Quantiative Easing is destroying the dollar. The destruction is worse than it appears when compared to a basket of currencies because many currencies in the reference basket are also being destroyed at various rates. The results of economic

The Extremist Ron Paul

Government Tagged with: Extremism, Ron Paul, Tom Woods, video

May 312011

Thomas Woods on Ron Paul’s positions: Share/Save Download article as PDF

Memorial Day

all other, morality Tagged with: Memorial Day, Political Game, War

May 302011

Whether you believe that most wars are bad, as does Ron Paul, or that all wars are good (some neocons), should have no bearing on how you feel about the men and women who serve. I fall into the Ron

Death Spiral Underway

economy, Inflation, Insolvency Tagged with: Currency Crisis, Death Spiral, Debt Levels, Fiat currency, Friedrich Hayek

May 302011

Gordon T. Long has an interesting piece entitled The Economic Death Spiral Has Been Triggered. He concludes: The Basel BIS Bankers fully understand the underpinnings of the shift from a Virtuous Cycle to a Vicious Spiral presently underway. They are doing

Beginning of a Run to Abandon Treasuries?

credit, Debt, Insolvency, Treasury Tagged with: Bond Issuance, Custodial Accounts, Dangerous Times, Treasury Securities, Treasurys

May 292011

We live in interesting and dangerous times. Is this the beginning of a run from Treasuries by foreigners? There was one truly interesting observation in this week’s Fed balance sheet update: not that the actual balance sheet hit a new

Inflation? Nah!

Inflation Tagged with: Consumer price index, Inflation Rates, Producer Price Index, Producer Price Index Ppi

May 292011

The Daily Reckoning discusses what most media pundits continue to claim in not a problem: Based on official US data, the Consumer Price Index (CPI) is up 3.2% over the last 12 months, while the Producer Price Index (PPI) is

Common Man Economists vs “Professional” Economists

economy, knowledge Tagged with: Buchanan, economic training, proper economics, Steven L. Carter

May 282011

Often, the common man seems to understand economics better than trained economists. He is forced to, in order to navigate the journey of life. Living in the real world and constrained by income limitations, he regularly must choose amongst competing

IMF Humor — Obamas and Strauss-Kahn

humor Tagged with: humor, Strauss-Kahn

May 282011

Now that’s enough Mr. Strauss-Kahn Share/Save Download article as PDF

Watch Out Ahead!

economy Tagged with: Andros, economy, Gordon T. Long

May 272011

Ty Andros and Gordon T. Long provide periodic discussions regarding the state of the world and our economy. Friday’s (May 27) was particularly good regarding the state of our economy. Click here to listen and view their slides. Share/Save Download

Austrian Business Cycle Theory

Bernanke, economy, Government, Greenspan Tagged with: Austrian Economics, Business Cycle Theory, Thomas Woods

May 272011

For those interested in a simple explanation of Austrian Business Cycle Theory, this 8 minute video from Thomas Woods might be very useful: Share/Save Download article as PDF

Greece-ian Formula For US

credit, Debt, ethics, Government, Inflation, Insolvency, Investing Thoughts, law, morality Tagged with: Default, Greece, Insolvency, US

May 272011

Most people are unable or unwilling to imagine what is coming in Euro land. Despite all efforts, a scenario similar to the following will unfold. It will trigger a domino effect which will eventually destroy the Euro. We are headed

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In matters of Power, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution. Thomas Jefferson
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When a man's knowledge is not in order, the more of it he has the greater will be his confusion. Herbert Spencer
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