Monty Pelerin's World

I have argued for quite a while that QE will not and cannot stop, at least on anything other than a temporary basis. The rationale for my position has been [...]

The following video outlines the debt problem. Unfortunately the interest cost is greatly understated. I believe the presenter makes his calculations based on interest rates holding constant at their current [...]

Debt comparisons among nations are somewhat crude and sometimes dangerous because of differences in accounting, off-balance sheet tricks, unfunded liabilities, etc. Conclusions, if any, should be drawn carefully. This chart [...]

A year ago (November 28), a very popular article was published under the title of “Spiraling to Bankruptcy.” The article understates the financial obligations of the Federal government only one [...]

Tony Blankley captures the flavor of the American political scene in his piece “An American Obsession with Freedom.” Edward Burke referred to “… some favorite point which … becomes the [...]

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, [...]

Image by Francisco Diez via Flickr James Quinn has posted another very informative piece. It is especially useful for those who don’t comprehend the degrees of financial chicanery and deceit [...]

Any Econ 101 student would flunk the course if he showed the aptitude of this Administration regarding basic economics. It is likely most Americans have never taken an economics course, [...]

The Fed has reached the point where there are two choices — Allow the government to shut down or allow itself to be the Treasury’s ATM machine. Inflation is, as [...]

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, [...]

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with [...]

WHY THE FALLING DOLLAR IS HARMFUL There are several reasons for foreign investors to stop buying Federal Government debt. One is merely the diversification motive. They already hold too many [...]