Monty Pelerin's World

Uncle Sam’s take on the debt deal: The market’s take on the debt deal is a bit different: Share/Save Download article as PDF

A year ago, I wrote a rather long piece entitled  People vs. The State – The Coming Battle. Upon re-reading it, I thought it more pertinent now than it was [...]

Rocky Vega opines on the Daily Reckoning about the similarities of Washington and Rome. How Washington is Far Worse off Than Rome by Rocky Vega While there have been many [...]

As children, much of our growing up waking hours were playing various games and fantasies. Most of us played with dolls, GI Joe toys, etc. We had diversions including tag, [...]

Complaints about Washington abound. Most consider President Obama the problem. Others consider lack of cooperation or gridlock the problem. There is a problem, even if there is disagreement as to [...]

“US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.” Niall Ferguson The idea that our debt is somehow a safe-haven is a [...]

The public is in an ugly mood regarding politics. For the country, this anger may represent a turning point. For politicians in Washington, it is just business as usual. Can [...]

There has always been a bit of uneasiness regarding President Obama and his self-obsession. Some have suggested that it is extreme narcissism, severe enough to be a pathological problem. According [...]

Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However, Mr. Potter, George’s evil competitor, would probably be right at [...]

Highly recommend The King Canute Economy: Governments’ Futile Attempt to Stem the Tide to understand what is happening in our country and around the world. “In the legend of King [...]

Here is a link to the film I.O.U.S.A. If you want a quick understanding to why the country is insolvent, this is a good view. A similar source is Chris [...]

Image via Wikipedia Nov. 12, 2009, 2:08 p.m. EST · Recommend (1) · Post: U.S. ran deficit of $176 billion in October Government begins fiscal 2010 with 13th straight monthly [...]