Keynesian economists merrily go about their business of managing the economy with little thought that such action might not do any good or may even be doing great harm. Too many don’t understand that economics is about human behavior and social coordination. Their employers, whether they be universities or political entities, are terribly biased toward [...]
Why Things Will Get Worse — Much Worse 31 comments
Monty Pelerin on Libertas Media 1 comment
Smoke And Mirrors Running Out — Depression to Follow 1 comment
Some Commentary On Inflation 7 comments
Going From Bad To Worse(r) 3 comments
A Reasonable Discussion About Gold
I routinely feature Gordon T. Long and his Macroanalytics presentations here frequently. His analysis is generally excellent and actionable. This recent audio/slideshow includes Ty Andros, a regular with Mr. Long, and David Chapman, a newcomer to Long’s site and someone new to me. Mr. Chapman is a cycle theorist, something I have never been comfortable [...]
Character Shows In Ardmore, Pa.
As a golfer, I cannot refrain from offering some off-subject comments regarding the recent US Open. The US Open is a test unlike any other in golf. It takes skill, courage and stamina. Only someone who has played competitive golf understands the enormous pressure these skilled golfers endured. Missing a shot by only a matter [...]
CHANGES ARE COMING
There are some changes that regular readers should notice. As promised, the “Trading To Armageddon” website is being combined into this one. The immediate change is an expanded menu for the site. “Trading” and “Premium” have been added. Trading is partially populated as of now, but Premium is not. Premium will be the section that [...]
Market Punditry As Astrology
Is recent market behavior the beginning of a market turndown? No one knows, although it is easy to find people providing “answers.” The value of these predictions approach those of astrologers and fortune-tellers. What follows are some thoughts regarding markets. History and Markets History is a summary of what historians consider relevant. Selectivity of a limited [...]
"Monty Pelerin" is a pseudonym derived from The Mont Pelerin Society. Friedrich Hayek, Nobel laureate in Economics founded the group in 1947.This site has no connection with the Mont Pelerin Society other than a coincidence in philosophy.
RICHARD RALPH ROEHL
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