Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for credit

Gun Control For You But Not Me

A picture is worth a thousand words (or guns). Received via email. Credit should be given but unknown.

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An Inevitable, Unhappy Ending

Tim Price offers some important observations in this article: Credit expansion, wrote the great Austrian economist Ludwig von Mises, is not a nostrum to make people happy. “The boom it engenders must inevitably lead to a debacle and unhappiness.” That seems a pretty accurate summary of the current situation for the western economies: a debacle, and [...]

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Is The Housing Crisis Over?

Recent numbers were positive for housing. Are they really meaningful and sustainable? There is not universal agreement that the bottom has yet been reached. Realtors, politicians and others with vested interests are quick to claim we are on our way back. Michael Panzner cites others who are less sure or disagree with this conclusion: Potential [...]

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The End Is Near

armagedecon

At the risk of looking/sounding like some crazed religious fanatic usually seen carrying a sign or proclaiming: “Repent, the end is near,” I shall avoid the word “repent. To me, the rest of that proclamation appears accurate and reasonable, at least with regard to our economic condition. The US and world economy are near collapse. [...]

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Who Was Responsible for Getting Bin Laden?

According to a memo from head of the CIA, Obama (surprise!) doesn’t seem to have been as hands-on as he claimed in the Osama bin Laden mission. Here are some of the details as reported by Pundit Press: The memo reads (emphasis mine): Received phone call from Tom Donilon who stated that the President made [...]

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