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	<title>Monty Pelerin&#039;s World &#187; Monetarist</title>
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	<link>http://www.economicnoise.com</link>
	<description>Economics, Finance and Politics Through The Prism of Classical Liberalism</description>
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		<title>Ratcheting to Ruin</title>
		<link>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/</link>
		<comments>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/#comments</comments>
		<pubDate>Sun, 11 Jul 2010 15:07:14 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Austerity Measures]]></category>
		<category><![CDATA[Death Spiral]]></category>
		<category><![CDATA[Debt Spiral]]></category>
		<category><![CDATA[Economic Destiny]]></category>
		<category><![CDATA[Government Economists]]></category>
		<category><![CDATA[Observation Points]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=11749</guid>
		<description><![CDATA[The U.S. government moves closer to a debt death spiral. Arguably, we are already in the beginning phase of this spiral as this rather scary observation points out: The nation&#8217;s debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at <a href='http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/07/11/ratcheting-to-ruin/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Denninger Explodes all over Economists</title>
		<link>http://www.economicnoise.com/2010/06/18/denninger-explodes-all-over-economists/</link>
		<comments>http://www.economicnoise.com/2010/06/18/denninger-explodes-all-over-economists/#comments</comments>
		<pubDate>Fri, 18 Jun 2010 13:46:38 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[denninger]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Depressed Economy]]></category>
		<category><![CDATA[Economic Logic]]></category>
		<category><![CDATA[Failed Economic Policy]]></category>
		<category><![CDATA[Karl Denninger]]></category>
		<category><![CDATA[Maynard Keynes]]></category>
		<category><![CDATA[Paul Krugman]]></category>
		<category><![CDATA[Stimulus]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=11314</guid>
		<description><![CDATA[Karl Denninger explodes on Paul Krugman and other establishment economists in Proof: Economists Claim 2 + 2 = 8134. Denninger attacks their vulnerability in a different fashion than I have, but reaches similar conclusions: the economic emperors have no clothes. John Maynard Keynes has to be rolling in this grave&#8230;.. <a href='http://www.economicnoise.com/2010/06/18/denninger-explodes-all-over-economists/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/06/18/denninger-explodes-all-over-economists/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Worse than a Depression</title>
		<link>http://www.economicnoise.com/2010/06/04/worse-than-a-depression/</link>
		<comments>http://www.economicnoise.com/2010/06/04/worse-than-a-depression/#comments</comments>
		<pubDate>Fri, 04 Jun 2010 13:04:50 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Friedman]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[Depression]]></category>
		<category><![CDATA[Financialsenseonline]]></category>
		<category><![CDATA[Hyperinflation]]></category>
		<category><![CDATA[Inflation And Deflation]]></category>
		<category><![CDATA[Jim Puplava]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Milton Friedman]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[Output Gap]]></category>
		<category><![CDATA[Polar Opposites]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=11089</guid>
		<description><![CDATA[As the economic crisis approaches the two-year point, it is apparent that “this time is different.”  Few analysts believe that we are going to recover from this Great Recession in a fashion that resembles prior recoveries. Most argue about how long it might run (Japan’s recovery is now two decades <a href='http://www.economicnoise.com/2010/06/04/worse-than-a-depression/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/06/04/worse-than-a-depression/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Witch Doctor Economics</title>
		<link>http://www.economicnoise.com/2010/05/10/witch-doctor-economics/</link>
		<comments>http://www.economicnoise.com/2010/05/10/witch-doctor-economics/#comments</comments>
		<pubDate>Mon, 10 May 2010 14:31:55 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Friedman]]></category>
		<category><![CDATA[History]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Noland]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Failure of Economics]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Inflationism]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Macroeconomics]]></category>
		<category><![CDATA[Microeconomics]]></category>
		<category><![CDATA[Prudent Bear]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=10469</guid>
		<description><![CDATA[The economic packages employed by the Bush Administration and extended by the Obama Administration are being increasingly questioned. Similar stimulus policies have been used for 50 plus years, although never in doses so large. &#8220;Stimulus&#8221; is merely a euphemism for inflationism and has been since the ideas of John Maynard Keynes <a href='http://www.economicnoise.com/2010/05/10/witch-doctor-economics/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/05/10/witch-doctor-economics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Free Markets Don&#8217;t End Like This</title>
		<link>http://www.economicnoise.com/2010/01/05/free-markets-dont-end-like-this/</link>
		<comments>http://www.economicnoise.com/2010/01/05/free-markets-dont-end-like-this/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 16:33:09 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Debt]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[currency]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[ethics]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[morality]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[Economic]]></category>
		<category><![CDATA[Economy of the United States]]></category>
		<category><![CDATA[Federal government of the United States]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Federal Reserve System]]></category>
		<category><![CDATA[Fiscal policy]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=8329</guid>
		<description><![CDATA[&#8220;My long view for the US is high inflation which will not show up in the government&#8217;s fraudulent statistics, along with a declining standard of living, increasing decay and ultimately leading to chaos, societal and government collapse in the US within a decade or two, maybe sooner.&#8221; Craig Harris The <a href='http://www.economicnoise.com/2010/01/05/free-markets-dont-end-like-this/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2010/01/05/free-markets-dont-end-like-this/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Fed Is Nothing But An ATM Machine</title>
		<link>http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/</link>
		<comments>http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 16:37:02 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Friedman]]></category>
		<category><![CDATA[Greenspan]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[Central bank]]></category>
		<category><![CDATA[Federal government of the United States]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Government debt]]></category>
		<category><![CDATA[Great Depression]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=7293</guid>
		<description><![CDATA[The Fed has reached the point where there are two choices &#8212; Allow the government to shut down or allow itself to be the Treasury&#8217;s ATM machine. Inflation is, as Milton Friedman was fond of saying, &#8220;always and everywhere a monetary phenomenon.&#8221;  It is insidious. It becomes a part of <a href='http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2009/12/03/the-fed-is-nothing-but-an-atm-machine/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economic Policy is Wrong and Prolonging The Pain</title>
		<link>http://www.economicnoise.com/2009/11/22/economic-policy-is-wrong-and-prolonging-the-pain/</link>
		<comments>http://www.economicnoise.com/2009/11/22/economic-policy-is-wrong-and-prolonging-the-pain/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 02:25:41 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Noland]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=6740</guid>
		<description><![CDATA[Doug Noland at Prudentbear.com has another excellent article in which he argues persuasively that the focus of the government&#8217;s effort is wrong and will do additional damage: &#8220;The focus remains on financing the old structure.  Indeed, I would argue that the current course of policymaking and market interventions only work <a href='http://www.economicnoise.com/2009/11/22/economic-policy-is-wrong-and-prolonging-the-pain/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2009/11/22/economic-policy-is-wrong-and-prolonging-the-pain/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;New&#8221; Economics is &#8220;Bad&#8221; Economics</title>
		<link>http://www.economicnoise.com/2009/11/09/new-economics-is-bad-economics/</link>
		<comments>http://www.economicnoise.com/2009/11/09/new-economics-is-bad-economics/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 17:57:41 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Winkler]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Business cycle]]></category>
		<category><![CDATA[Economic]]></category>
		<category><![CDATA[Irving Fisher]]></category>
		<category><![CDATA[Keynesian Economics]]></category>
		<category><![CDATA[LM Holt]]></category>
		<category><![CDATA[Ludwig von Mises]]></category>
		<category><![CDATA[Social Sciences]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=5891</guid>
		<description><![CDATA[Image via Wikipedia What&#8217;s old is new again, or soon to be. Unfortunately, we will probably have to incur an economic collapse before the modern-witch doctors we call economists are finally disgraced. For a variety of reasons, more and more people are questioning the so-called wizards. Rolfe Winkler states: &#8220;If <a href='http://www.economicnoise.com/2009/11/09/new-economics-is-bad-economics/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2009/11/09/new-economics-is-bad-economics/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Great Oz er Fed Has Spoken &#8211; Go To The Bunker</title>
		<link>http://www.economicnoise.com/2009/11/04/the-great-oz-er-fed-has-spoken-go-to-the-bunker/</link>
		<comments>http://www.economicnoise.com/2009/11/04/the-great-oz-er-fed-has-spoken-go-to-the-bunker/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 20:41:46 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Dorothy Gale]]></category>
		<category><![CDATA[Economic]]></category>
		<category><![CDATA[Federal Open Market Committee]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[l frank baum]]></category>
		<category><![CDATA[Wizard of Oz]]></category>
		<category><![CDATA[Wonderful Wizard of Oz]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=5656</guid>
		<description><![CDATA[Image via Wikipedia Image via Wikipedia Below is today&#8217;s press release from the Fed. I have emboldened a couple of key statements. &#8220;With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.&#8221; <a href='http://www.economicnoise.com/2009/11/04/the-great-oz-er-fed-has-spoken-go-to-the-bunker/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2009/11/04/the-great-oz-er-fed-has-spoken-go-to-the-bunker/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Country and Its Leadership Are Bankrupt</title>
		<link>http://www.economicnoise.com/2009/11/02/the-country-and-its-leadership-are-bankrupt/</link>
		<comments>http://www.economicnoise.com/2009/11/02/the-country-and-its-leadership-are-bankrupt/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 02:32:49 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[Fed]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Bloomberg L.P.]]></category>
		<category><![CDATA[Gary Locke]]></category>
		<category><![CDATA[Gross domestic product]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[United States Congress]]></category>
		<category><![CDATA[United States midterm election]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=5543</guid>
		<description><![CDATA[Image by akseabird via Flickr Image via Wikipedia Apparently things are so good that we are going to make them even better. Are we back in Alice in Wonderland? If this were not so serious, it would be comical. Another stimulus is being discussed. Who possibly could have seen this <a href='http://www.economicnoise.com/2009/11/02/the-country-and-its-leadership-are-bankrupt/'>[...]</a>]]></description>
		<wfw:commentRss>http://www.economicnoise.com/2009/11/02/the-country-and-its-leadership-are-bankrupt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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