Monday, November 28, 2011

Euro Debt Crisis: The Confidence Fairy Tale and Devaluation Delusion

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The Confidence Fairy (Fear and Greed) Fable Suggestions have been made that Euro crisis has been an issue of confidence or “animal spirits...
Saturday, November 26, 2011

Will the European Central Bank Relent to Political Pressures to Increase Debt Monetization?

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Here is what I said last week I would conjecture that rules, laws, regulations, policies or self-imposed limits change according to the...

Quote of the Day: Perversion of the Law

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The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose bu...

War on Drugs: Misplaced ‘Follow the Money’ Priorities by Cops Results to More Crimes

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You think the war on drugs make society peaceful? Think again. Police officers, like any human being, also follow the money. But unlike us...
Friday, November 25, 2011

China Aims To Centralize Underground Stock Exchanges

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Informal economies are symptomatic of the state of affairs for economies struggling with byzantine legal and bureaucratic entanglements . ...

Magazine Cover Indicator: Signs of a Euro Bottom?

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The business of any magazine publisher is to sell. That’s why magazines usually dwell on the popular, sensational and or the controversial—t...
Thursday, November 24, 2011

China Expands Bailout Measures, Reduces Reserve Requirements for Select Financial Firms

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China’s government selectively lowered reserve requirements as part of credit boosting measures (euphemism for bailouts) From Bloomberg , ...

Vatican Banker Endorses ECB’s Inflationism

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Not even the pious seem to be exempt from the temptations of inflationism From Wall Street Journal , The European Central Bank should...

Quote of the Day: Charitable Markets

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But the truth is, Wal-Mart and its counterparts spread far more holiday-food cheer than do churches and public-service groups. Schola...
Wednesday, November 23, 2011

Global Capital Markets: Debt over Equity

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The Economist writes , Many observers are worried about the rapid growth of bank lending in the Middle Kingdom. Indeed, China's pri...

Will the US Foreign Policy of Encirclement Stoke a South China Sea War?

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Historian Eric Margolis sees a similar pattern to World War I developing in the Spratlys Dispute Writes Mr. Margolis (bold emphasis mine) ...

Why George Soros Loves Big Government

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Because Mr. Soros enormously benefits from them. From Wynton Hall of Big Government.com (hat tip Bob Wenzel) Billionaire George Soro...

Euro Debt Crisis: Eurozone Lifeline Depends on the European Central Bank

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For the Eurozone, so far, survival seems like an all European Central Bank (ECB) affair now From Reuters , (bold emphasis mine) Euro ...
Tuesday, November 22, 2011

Video: The Moral Case for Organ (Kidney) Trade

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From LearnLiberty.org Prof. James Stacey Taylor argues that willing rational adults should be allowed to buy and sell kidneys. Instead of pr...

Video: The Daily Show's Jon Stewart Hearts Ron Paul

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Jon Stewart to Congressman Ron Paul : "You really are one of our last consistent politician ever seen in this world" The Daily Sh...

Chart of the Day: Thanksgiving Inflation

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The US will be celebrating Thanksgiving Day on Thursday November 23 . However, dinner costs led by the traditional Turkey, has been going u...

Quote of the Day: Fervent Love of Individual Liberty

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In receiving of the Alexis de Tocqueville Award, I excerpt Professor Robert Higgs' speech , (italics original) For society as a who...

Escalating European Crisis Weighs on Global Financial Markets

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I don’t think last night’s selloff at Wall Street was mainly about the stalemate or the failure by the special debt-reduction committee to ...
Monday, November 21, 2011

Spain Votes to Boot Out Socialists

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Europe’s debt crisis appears to be forging a new political dimension From Bloomberg , People’s Party leader Mariano Rajoy won the big...