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	<title>Monty Pelerin&#039;s World &#187; Winkler</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>Burning The Furniture and Eating The Seed Corn To Survive</title>
		<link>http://www.economicnoise.com/2009/12/08/burning-the-furniture-and-eating-the-seed-corn-to-survive/</link>
		<comments>http://www.economicnoise.com/2009/12/08/burning-the-furniture-and-eating-the-seed-corn-to-survive/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 21:37:42 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[Favorites]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Williams]]></category>
		<category><![CDATA[Winkler]]></category>
		<category><![CDATA[bush]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Hoover]]></category>
		<category><![CDATA[Hoppe]]></category>
		<category><![CDATA[mises]]></category>
		<category><![CDATA[murphy]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Roosevelt]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=7523</guid>
		<description><![CDATA[The public has not yet reached the point indicated in the title. The government reached it years ago and is impoverishing the nation. Neither President Bush&#8217;s nor President Obama&#8217;s economic policies brought this recession. The event was preordained from years of governmental economic mismanagement and intervention. The crisis could have come sooner, or later. It <a href='http://www.economicnoise.com/2009/12/08/burning-the-furniture-and-eating-the-seed-corn-to-survive/'>[...]</a>]]></description>
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		<title>Rolfe Winkler: Case for Gold</title>
		<link>http://www.economicnoise.com/2009/11/19/rolfe-winkler-case-for-gold/</link>
		<comments>http://www.economicnoise.com/2009/11/19/rolfe-winkler-case-for-gold/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 11:51:12 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[currency]]></category>
		<category><![CDATA[Fed]]></category>
		<category><![CDATA[gold]]></category>
		<category><![CDATA[insolvent]]></category>
		<category><![CDATA[Winkler]]></category>
		<category><![CDATA[Central bank]]></category>
		<category><![CDATA[Deflation]]></category>
		<category><![CDATA[Economic]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Federal Reserve System]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Unemployment]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=6491</guid>
		<description><![CDATA[Rolfe Winkler posts on gold and states: &#8220;Gold is surging because investors see that the Federal Reserve — more concerned with deflation and unemployment than sound money — may be trapped in a never-ending cycle of monetary accommodation.&#8221; He concludes that we and other Western governments are insolvent as shown in the following chart: Winkler <a href='http://www.economicnoise.com/2009/11/19/rolfe-winkler-case-for-gold/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Stocks Down About 80% from Peak</title>
		<link>http://www.economicnoise.com/2009/11/11/stocks-down-about-80-from-peak/</link>
		<comments>http://www.economicnoise.com/2009/11/11/stocks-down-about-80-from-peak/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 18:05:13 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[gold]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[Winkler]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Consumer price index]]></category>
		<category><![CDATA[Federal Reserve System]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Stock market]]></category>
		<category><![CDATA[Stocks and Bonds]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=6024</guid>
		<description><![CDATA[Chart obtained from Rolfe Winkler Stocks are off about 80% from their peak, at least as measured in ounces of gold. This chart shows the Dow priced in ounces of gold. Currently, it takes just under 10 ounces of gold to &#8220;buy&#8221; the Dow. Over time, this ratio has ranged from 1 to over 40. <a href='http://www.economicnoise.com/2009/11/11/stocks-down-about-80-from-peak/'>[...]</a>]]></description>
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		<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[economy]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[Monetarist]]></category>
		<category><![CDATA[Winkler]]></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 mainstream economists had the intellectual <a href='http://www.economicnoise.com/2009/11/09/new-economics-is-bad-economics/'>[...]</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Bailout Fiasco &#8211; The US Sinks Into Bankruptcy</title>
		<link>http://www.economicnoise.com/2009/10/28/bailout-fiasco-the-us-sinks-into-bankruptcy/</link>
		<comments>http://www.economicnoise.com/2009/10/28/bailout-fiasco-the-us-sinks-into-bankruptcy/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 20:20:22 +0000</pubDate>
		<dc:creator>Monty Pelerin</dc:creator>
				<category><![CDATA[banks]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[Keynesian]]></category>
		<category><![CDATA[moral hazard]]></category>
		<category><![CDATA[Winkler]]></category>
		<category><![CDATA[American International Group]]></category>
		<category><![CDATA[Federal Deposit Insurance Corporation]]></category>
		<category><![CDATA[Federal Reserve System]]></category>
		<category><![CDATA[Troubled Asset Relief Program]]></category>

		<guid isPermaLink="false">http://www.economicnoise.com/?p=4939</guid>
		<description><![CDATA[Image by Getty Images via Daylife The bailout fiasco is just now starting to show up for the act of desperation that many suspected it was. Instead of allowing markets to resolve a severely over-leveraged and distorted economy, the government decided to try to &#8220;bluff&#8221; its way through one more time. This strategy has been <a href='http://www.economicnoise.com/2009/10/28/bailout-fiasco-the-us-sinks-into-bankruptcy/'>[...]</a>]]></description>
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