Monty Pelerin's World » 2011 August

The Dope Gap

economy, Investing Thoughts, markets Tagged with: Insanity, Irrationality, Stock market, Todays Markets

Aug 312011

Regular readers know my feelings regarding the stock market and how it is likely greatly overpriced. I consider it insanity to be putting money into today’s markets (other than selected investments pertaining mostly to “hard assets.” Michael Panzner has provided

So, Gold Got Hit. So What!

gold, Investing Thoughts, markets Tagged with: Gold Price, Precious metal, Selloff

Aug 312011

Recent activity in the price of gold is put into perspective by Eric Fry: In the span of just a few trading days last week, the gold price plummeted from a high of $1,910 an ounce last Monday to a

An Untenable Arrangement

Government, Media Tagged with: Government, Parasites

Aug 312011

A wonderfully simple explanation of government and how it plunders. The political parasites have grown fat at the expense of the productive. How long will this continue? Share/Save Download article as PDF

President Empty-Suit

Government, knowledge Tagged with: American Thinker, Bagger Vance, Harvard Law Review, Obama, Social Security Number

Aug 302011

President Obama came into office a mystery. Similar to the mythical Bagger Vance, he appeared out of the mist. No one knows where he came from (or was born) or much of his past. Even places he claims to have

No Joy or Policies in Mudville; Mighty Ben Has Struck Out!

Bernanke, economy, Fed, Friedman, Government Tagged with: Austrian Theory, Bernanke, Contemporary Economics, Jackson Hole, Milton Friedman, Presidential Election Cycle

Aug 302011

There was no joy in Mudville Jackson Hole this year. The central bankers of the world have mucked things up so badly that not even their fancy words and Wizard of Oz pronouncements were enough to penetrate the gloom. The

Paul Samuelson Recognizes Austrian Economics

all other, economics, History Tagged with: Carl Menger, Irving Fisher, J M Keynes, mises, Nobel Prize, Paul Samuelson

Aug 302011

Mises Wins the Nobel Prize in Economic Science, well sort of … by Peter Boettke In his obituary of Bertil Ohlin, Paul Samuelson plays the game of “what if” — in this case, “what if the Nobel Prize was established in 1900,

Warren Buffet – Savior or Angel of Doom?

banks, economy, Favorites, Government, Insolvency, markets Tagged with: Bank Of America, Buffett

Aug 292011

The dire financial condition of the US has not been altered by Warren Buffet’s recently announced investment in Bank of America (BAC). His participation should not be read as a sign that Bank of America or the economy is improving. The

QOTD — Keynesian Economics is the Tool

Keynesian Tagged with: Keynes, Lew Rockwell, Market economy

Aug 292011

Lew Rockwell on Keynesian Economics: In the market economy, there is a long-run tendency for errors to be corrected and replaced by different practices that uplift the people. In government, there is a long-run tendency to keep trying the same

The Bernank’s Plan

Bernanke, Fed, Government Tagged with: Ben Bernanke, Central Planners, Fed Governors, Stock Markets

Aug 292011

The charade that is represented by world governments is becoming more strained by the day. Ben Bernanke’s decision to do nothing was ridiculous. Not in the sense that he can affect outcomes in any way shape or form, but in

Great Depression II May Be Just Around The Corner

economy Tagged with: Civil unrest, Food Shortages, Phoenix Capital, Stock Crashes

Aug 282011

I have no difficulty accepting the conclusion expressed by Phoenix Capital: However, regardless of when or if QE 3 comes, the fact remains that the financial markets are on DEFCON Red Alert today. Indeed, I fully believe we have entered the

Our President

Government Tagged with: Obama

Aug 282011

The bizarre background of the President is illustrated nicely in this video: http://beforeitsnews.com/story/1005/540/Is_The_Forged_BC_Obamas_Only_Documentation_Trouble.html Share/Save Download article as PDF

Charlie Reese on Government

Government, Guest Post Tagged with: Charlie Reese, Orlando Sentinel

Aug 282011

Below is an email that has been around. I thought it might be timely to post it: A very interesting column.. COMPLETELY NEUTRAL Be sure to Read the Poem at the end. Charley Reese’s final column for the Orlando Sentinel…

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Random Favorites

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...
"Free" Booze for State Alcoholics: ... the stimulus was akin to providing a gift of booze to a recovering alcoholic. The states cont...
Not an Economic Problem, A Constitutional One: Most of us who are troubled about what is happening in this country have no or loose ties to politic...
The Passing of Greatness: People often die suddenly. Heart attacks, strokes and accidents are but some of the causes. Countrie...
Inflation or Deflation Before The Unavoidable Depression?: The argument persists as to whether our current economic crisis will end with massive inflation or i...
Probable Next Futile Government Moves: While one can never be certain about how this economic crisis will play out, most of us have various...
Red vs. Blue: Bloods vs. Crips: National politicians have been served notice that the American people have finally awakened. Dissati...
The New 1776: A year ago, I wrote a rather long piece entitled People vs. The State - The Coming Battle. Upon re-...
Up The Creek Without A Paddle: The contrast between what we see in our every day lives is not consistent with what government tells...
The Economic Crisis is a Sideshow to the Real Issue: The world is changing and few people understand the implications. Old rules and guidelines which wor...
Obama’s “Ides-of-March” Moment is Near: In Jimmy Carter’s reign, the Wall Street Journal editorialized about “Ratcheting to Ruin.” The t...
Twenty-Nine Reasons to Be Angry And/Or Scared: If you're not both angry and scared at the world's current situation, you're not paying attentio...

Random Quotes

There's one way to find out if a man is honest - ask him. If he says, "Yes," you know he is a crook. Groucho Marx
No attempt or pretence, that was ever carried into practical operation amongst civilized men -- unless possibly the pretence of a “Divine Right,” on the part of some, to govern and enslave others -- embodied so much of shameless absurdity, falsehood, impudence, robbery, usurpation, tyranny, and villany of every kind, as the attempt or pretence of establishing a government by consent, and getting the actual consent of only so many as may be necessary to keep the rest in subjection by force. Such a government is a mere conspiracy of the strong against the weak. It no more rests on consent than does the worst government on earth. Lysander Spooner
The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable. H. L. Mencken
If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State. Joseph Goebbels
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Winston Churchill
Stable monetary conditions require that the stream of money expenditure is the fixed datum to which prices and wages have to adapt themselves, and not the other way around. Friedrich Hayek

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