Monty Pelerin's World

The Daily Bell provides an overview of China’s real estate market which they (and others) claim has already collapsed. This collapse is expected to bring  down the Chinese economy and [...]

Of all the worries we have, China is supposed to be the possible bailout savior for Europe, the continuing supporter of US deficit spending and the growth engine for the [...]

Charles R. Andersen has an interesting comparison on various country GDP measures. The US GDP is approximately 50% larger than China’s. On a per capita basis, the US is almost [...]

Is the Chinese growth miracle built upon the same sand base that characterized Western Democracies’ growth for the past 30 years? The answer, according to Red Capitalism by Carl E. Walter [...]

From afar the Chinese economic miracle is impressive. Large statist efforts produce large impressive outcomes. Massive new cities appear where none were before. Rapid GDP growth rates are regularly announced. [...]

It appears that Ben Bernanke is achieving what Ron Paul and others before him could not do. That is, Mr. Bernanke may be the one to actually destroy the Federal [...]

A clever but depressing ad: The learned teacher might better be concerned with whether all that paper is worth anything. Share/Save Download article as PDF

Mish has written a disconcerting piece on China’s lending bubble as it relates to real estate. China’s housing market valuations are much worse than ours were at the peak. In [...]

Intellectual capital is leaving the US. For years real capital has been doing so, resulting in the shift of manufacturing from this country to other countries. Fear is also causing [...]

China increasing their sales of US Treasuries cannot be good news. Ambrose Evans-Pritchard writing in the Telegraph speculates that the sales are being used as a foreign policy tool to [...]

In Jimmy Carter’s reign, the Wall Street Journal editorialized about “Ratcheting to Ruin.” The title derived from the fact that each cycle high in unemployment was higher than previous ones, [...]

Some humor received via an email. As in most humor, it works because of the element of truth contained within. Sad but true: Stimulus Checks Explained Sometime this year, we [...]