Monty Pelerin's World

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 [...]

For monetarists, increases in the money supply are generally believed to result in higher prices (inflation). Looking at the rate of increase from the late 1990s until today, there does [...]

In a recent post titled Not What I would call Deflation commodity prices exceeding 20% in the last year were highlighted. Despite what the Fed and government would want you [...]

Can We Have Another Banking Holiday? “But most commercial banking is “deposit banking” based on a gigantic scam: the idea, which most depositors believe, that their money is down at [...]

Tough Guy Bernanke Blows Smoke Fed Chairman Ben Bernanke appeared before Congress this week wearing his “bad guy” face. I did not watch his testimony either day. Apparently, based on [...]

Great hoopla over the Federal Reserve’s surprise decision to raise the discount rate 0.25 % fills the media and the markets. Pundits discuss earnestly the spice has been added to [...]

For those who want to understand more about money and inflation, the following piece by Bill Bonner of the Daily Reckoning is good reading. The Descent of Money By Bill [...]

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Friedrich Hayek The economic programs and policies currently [...]

The average citizen has little to no understanding of the Federal Reserve and the role it plays in the economy and their lives. It is a central planning authority that [...]

Image via Wikipedia Rosenberg in favor of gold and Treasuries (but Treasuries only near-term). Breakfast with Dave Read full article (PDF 435KB) November 5, 2009 QUICK TAKE ON THE FED [...]