Monty Pelerin's World

If you are wondering why Gold has did so well last week, look no further than the plunge in the dollar: The above chart represents the last three days of [...]

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 [...]

An explanation of Quantitative Easing (and Country Rape) so simple that even Paul Krugman might be able to understand it. Share/Save Download article as PDF

Share/Save Download article as PDF

John Mauldin hits a walk-off home-run with his recent column The Ride of the Keynesian Cowboys. To paraphrase my Texan friends, they would describe Keynesian Cowboys as “big hat, no [...]

Quantitative Easing is debated as if it were a policy option that the Fed may or may not undertake. QE is not an option; it is a necessity! It is [...]

Quite a while back, when “green shoots” were all in vogue, I suggested that 2010 was the year when you would start hearing the dreaded “D” word (Depression) being thrown [...]

A Wall Street Journal article reported: “The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will [...]

These three articles are must reading for anyone interested in the future of the economy.  No investor or citizen should be ignorant of the possibilities raised in these articles. Ponzi [...]

Stock your bunker. 2010 is apt to be ground zero for financial markets. Sixty years later, a bomb-shelter strategy once again seems in order. But this time it will used [...]