Saturday, February 23, 2013

Tanzania: A Case of Democracy Destroying Itself?

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The great Austrian Economist Friedrich von Hayek once warned about the perils of democratic government , And if a democratic people come...

Quote of the Day: A War over Insignificant Scrubby Rocks?

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Here is a link to the Google Maps Satellite view of the Senkaku Islands . Take a moment to contemplate how insignificant these scrubby roc...

Are Expanding Deals in Currency Swaps Signs of Currency Wars?

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Lately I questioned the popular wisdom promoted by politicians and by media as “currency wars” Reports say that the Bank of England (B...

US Fed Ben Bernanke: No Asset Bubbles

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Ben Bernanke denies that there has been an inflation of asset bubbles. From the Bloomberg , Federal Reserve Chairman Ben S. Bernanke...
Friday, February 22, 2013

Are Central Bankers Poker Bluffing the Gold Markets?

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Dr. Ed Yardeni at his blog writes Other than profit-taking, what might be the fundamental reasons behind gold’s weakness? Perhaps the mo...

Quote of the Day: Deficit Without Tears

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For its part, the United States finds congenial a world in which a dollar sent to China for cheap goods comes back overnight in the form o...

Has the Decline of the US Steel Industry been about Wages?

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The following has not been meant to be a blog post, but a reply to a dear "mercantilist" friend who stubbornly insists that the U...
Thursday, February 21, 2013

The War on Coins

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Since minting coins have become more expensive and costs taxpayers more, governments are beginning to have second thoughts about issuing th...

Quote of the Day: A Letter of Advice

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Erudition without bullshit, intellect without cowardice, courage without imprudence, mathematics without nerdiness, scholarship without ac...
Wednesday, February 20, 2013

Does Unemployment Cause Deflation?

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I was apprised by a de ar friend t hat in a part of the US, call center jobs have been migrating to the Philippines. Such phenomenon he see...