Monty Pelerin's World

The establishment of Social Security as a retirement program should have been so simple that a caveman could have run it. Probably, but not our political geniuses. Once considered the [...]

Image via Wikipedia Headlines focus on the economic crisis at a national level. We hear about US deficits, problems in Greece, etc. Just as important and just as large as [...]

Image via Wikipedia Image via Wikipedia Obama announced his new budget, which exceeded most people’s expectations regarding spending. The deficit is likely to be worse than projected because of rosy [...]

I meant to get this up for Martin Luther King day but was not able to obtain permission from the author in time. Still worth listening to:  mlk-1 The site [...]

It looks like Al Gore has a new follower. Osama bin Laden is apparently modifying his image and adopting the role of elder statesman for the world. Here as reported [...]

I sure would like to know the rationale behind this “deal” as reported in an article in the WSJ. The U.S. is going to lend billions of dollars to Brazil’s [...]

For those who want to understand more about money and inflation, the following piece by Bill Bonner of the Daily Reckoning is good reading. The Descent of Money By Bill [...]

When the economic crisis hit, there were many statements about not being able to see it in advance. Obviously, these were nonsense. Any economist that claimed “There was no way [...]

The strains on the International monetary system are increasing. This system was never sustainable. It replaced a system that had broken down. And that system had replaced another phony international [...]

I don’t know what President Obama will try to sell tonight in his State of The Union speech. I do know that what he says will have no relation to [...]

Image via Wikipedia These links from Instapundit are indicative of how bad things are for Obama. As these problems become more apparent and worsen, his own team will turn on [...]

Healthcare destroys a presidency and jeopardizes a political party. In the fledgling days of the personal computer industry, software vendors frequently announced products that were not yet ready for release. [...]