Monty Pelerin's World

To understand hyperinflation, this example from Art Cashin dealing with the price of a German loaf of bread is enlightening: To understand the incomprehensible scope of the German inflation maybe [...]

Hat Tip to Reader NII with my note after the graph: Short run thinking by politicians permitted mortgage credit to excessively expand. Credit expansion shifts consumption from the future to [...]

James Quinn believes The event necessary to cause a regeneracy in this country will need to be on an epic scale. Based upon a review of the foreseeable issues confronting our [...]

There were a few responses to requests for comments which I will address as best I am able. The requests were triggered by reader ER with the following: When will [...]

I received the following comment from reader ER. The questions/comments are appropriate and I intend to respond within the next few days. In the meantime, please respond with your own [...]

Inflation is an expansion of the money supply which ultimately shows up in an increase in prices. The rise in prices is a symptom produced by the increase in the [...]

No one really knows how the end of this financial crisis will play out other than “badly.” Many have offered their opinions. They should be respected for their bravery and [...]

John Williams and Chris Martenson are two analysts whose opinions I respect very much. Both have been negative on the country’s economic policies, pointing out where they must lead. Just [...]

Friedrich Hayek’s A Tiger by the Tail: The Keynesian Legacy of Inflation was published in 1978. It seems an appropriate description of what Quantitative Easing (QE) has produced. We are [...]

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 [...]

Lest anyone become exuberant regarding this morning’s jobs report, let’s not lose sight of the fact that government data is designed to “spin” you. Don’t get caught up in the [...]

A very interesting question is raised by Giordano Bruno: The issue is, how do you convince the general public that all is well until you are ready to unleash hyperinflation [...]