Monty Pelerin's World

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Whatever this is, don’t call it inflation. Government does its best to hide the effects of Mr. Bernanke policies, but reality has an inconvenient way of intruding. From The Washington [...]

Phoenix Capital Research summarizes the state of the world economy: 1)   Greece is bankrupt. It has been for years. The market has finally stopped being moronic and figure out the obvious [...]

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 [...]

From reader EBW comes an analysis of Ben Bernanke’s rhetorical methods: Bernanke employs an elementary tactic in rhetorical obfuscation; i.e., presenting a problem without explaining the cause but going immediately [...]

The Washington Post does its best to justify QE2, but fails. After a lot of fluff and excuses, the piece ends with the following admission: … it is hard to [...]

George Washington has written an important piece on how we are on the verge of another Great Depression. This is a must read, especially for doubters. Back in 2010 I [...]

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 [...]

There is an interesting quandary arising for investors. We have had a rather massive run-up in various commodities as shown and discussed in this Market Ticker by Karl Denninger. As [...]

Robert Murphy provides an excellent review of the results of the Fed’s Quantitative Easing policy. His conclusion: With job creation remaining scandalously sluggish, andhousing sales still on the skids, about the [...]

A wee bit of economics from the Daily Reckoning. Perhaps Mr. Bernanke should be forced to read this aloud at an FOMC meeting. Then it should be read in front [...]

Wikipedia describes the use of animals as early warning sensors. Canaries were used by miners: The classic example of animals serving as sentinels is the canary coal mine. Well into [...]