Monty Pelerin's World

The Daily Bell provides an overview of China’s real estate market which they (and others) claim has already collapsed. This collapse is expected to bring  down the Chinese economy and [...]

Mish has written a disconcerting piece on China’s lending bubble as it relates to real estate. China’s housing market valuations are much worse than ours were at the peak. In [...]

The recent passage of Obamacare is madness not seen before in this country. Any cursory review of government indicates that it fails at everything it does. It destroys rather than [...]

Image via Wikipedia Image via Wikipedia Obama announced his new budget, which exceeded most people’s expectations regarding spending. The deficit is likely to be worse than projected because of rosy [...]

Here are some posts referenced on Chris Martenson’s site yesterday. Is there anything in here that even remotely looks like a green shoot? Things continue to deteriorate and will do [...]

Image via Wikipedia Image by Getty Images via Daylife Nearly six months ago, I taught a course entitled “Surviving the Crisis.” While not knowing how this crisis will end (either [...]

Image via Wikipedia Image via Wikipedia Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the [...]

Image by La Citta Vita via Flickr Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash (Update3) By John Gittelsohn and Thomas R. Keene Oct. 30 (Bloomberg) — Billionaire investor Wilbur [...]

Image via Wikipedia Image by Getty Images via Daylife It is probably hard for the trusting public to believe what is being done to them by their government. Most of [...]

Image via Wikipedia This is an Econ 301 post, a bit more complicated than typical posts. But this post from Nic Lenoir of ICAP and published at Zerohedge is worthwhile [...]

Interventionism is economic intervention by the government into the free market. It typically involves subsidies or penalties to particular groups. Interventions never improve the economy. Indeed, many interventions lead to [...]