Monty Pelerin's World

There are still those who don’t believe the world is heading for massive debt defaults. But then there are also some who believe King Tut is not dead but merely [...]

Charles Krauthammer doesn’t mince his words: “This is Obama at his most sanctimonious, demagogic, self-righteous and arrogant,” Krauthammer said. “And given the baseline, it wasn’t a pretty sight. Look, he [...]

Hmm! Correlation does not mean causality, but correlation also does not not mean causality. Share/Save Download article as PDF

The circus surrounding the debt ceiling makes interesting theater but all the babble is irrelevant. How the debt ceiling is eventually resolved only changes the timing and extent of the [...]

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

Times are tough. No one questions that. However, how much of our current condition is do to the entitlement mentality that has been encouraged and assisted by the government over [...]

The US has been in a secular decline since the late 1970s. By that, I mean our economy has been under performing in terms of incomes and growth rates. People [...]

Image via Wikipedia My recent post on the US Hyperinflation Coming ties in nicely with the note provided below by Chris Coyne. He quotes Beaulier and Boettke who argue (along [...]

Image by Brooklyn Museum via Flickr Image via Wikipedia Edmund Phelps, Nobel laureate, on Bloomberg stated: “There are signs that the economy has lost its dynamism, its urge to innovate, [...]

Here is a post from Karl Denninger. It is about Citibank and is outrageous. Apparently it is going on with other credit card issuers as well. This is the sort [...]

The beat goes on. Next week sets new record in Treasury debt. There is no end in sight for these incredible funding needs. How can anyone think this can end [...]