Greenspan
Up The Creek Without A Paddle
The contrast between what we see in our every day lives is not consistent with what government tells us is happening in the economy. The so-called recovery certainly doesn’t feel like one; it is certainly unlike any of the others over the last 50 or so years. If inflation is not a problem, one can [...]
The Greenspan Contra Indicator
According to Financial Armageddon, we are assured of going into a double-dip because Alan Greenspan has said we won’t.
An Indictment of Central Planning
“Until the debt is cleared and capital starts to be properly allocated, economic growth per unit of additional debt will continue to sour.” Andy Lees A powerful indictment of Central Planning offered by Andy Lees via Tyler Durden: Must Read: UBS’ Andy Lees On Why The US Economy Is, All Else Equal, Doomed “With all [...]
Austrian Business Cycle Theory
For those interested in a simple explanation of Austrian Business Cycle Theory, this 8 minute video from Thomas Woods might be very useful:
Understanding the Fed — Video
The Federal Reserve is probably the least understood government agency (technically, it is not even a part of government). This intro by the Mises Institute provides background for an informative video: Wednesday, May 18, 2011 – by Mises Institute Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just [...]
From “The Maestro” to “Genius Professor” to Disaster
Henry Simons, one of the early pillars of the Chicago School of Economics and a student of Frank Knight’s, emphasised monetary rules as opposed to monetary discretion. Milton Friedman, a more recent Chicago School economist, argued that the Fed would do a better job of managing monetary policy if it were required to increase the [...]
QE is the End of America as We Know It
Quantitative Easing is confusing for many people. That, of course, is for the Federal Reserve, the Federal Government and major financial interests. If people knew what was happening and what must result, there would likely be a revolt. Elsewhere, I have written that QE is nothing more than a euphemism for “money printing.” It is [...]
Fiat Currencies Under Enormous Pressure, Inflation Flood Coming
Fiat currencies around the world are coming under enormous pressure as a result of “printing” money everywhere. The world is analogous to the story of the little Dutch boy who puts his finger in the dike saving the village from a flood. In the US, the Federal Reserve plays that role, trying to stave off [...]
More on Mr. Greenspan
This reply from “Retired” was posted on American Thinker in response to an article similar to Mr. Greenspan: Please Go Away. The points are appropriate. Monty,we are all in for a wild hairraising ride in the next 5-10 years. Many People may salivate at the idea of $6,300.00 gold but what they may not realize [...]
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RICHARD RALPH ROEHL
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