Saturday, June 28, 2014

Add to the List of China’s Ghost Projects: A Replica of Manhattan

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Last week, I wrote (bold original) debts are NOT just about statistics . Since every debt incurred postulates to money allotment in the...
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Friday, June 27, 2014

Graphic of the Day: Inflation as seen by consumers and economists

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This poll result by Robert Shiller is from the Federal Reserve of Atlanta . What a striking difference between how ivory tower expert...

Video: Cafe Hayek's Don Boudreaux on The Hockey Stick of Human Prosperity

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Cafe Hayek's Don Boudreaux explains the hockey stick of human progress. (from Marginal Revolution )

Video: Mises Institute's Jeff Deist on how the FED Distorts Everything

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Mises Institute's President Jeff Deist explains how Fed policies gives rise to the boom-bust cycle (Austrian Business Cycle), as well a...
Thursday, June 26, 2014

Video: Bruce Yandle on The Bootleggers and Baptists

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Professor Bruce Yandle explains his Bootleggers and Baptists theory  From LearnLiberty.org (hat tip Prof Art Carden)  We all know bo...
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US GDP 1st Quarter Shrinks 2.9%, Stocks on Record Run

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1Q 2014 US GDP was first reported to have grown by a pittance of .1% , then adjusted to a contraction of –1% and eventually changed to an ...

Former Fed Chief Paul Volcker on the Gold Standard

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Writes Ralph Benko at the Forbes.com (bold added) There is an almost superstitious truculence on the part of world monetary elites to c...
Wednesday, June 25, 2014

Quote of the Day: Why Was Iran Named in Bush’s Axis of Evil?

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Washington included Iran in the axis of evil because Iran had the audacity, and to Washington the impudence and gall, to have a revolution...
Tuesday, June 24, 2014

When Political Promises Fail: Kiev Doubles Prices of Cold Water

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Sovereign Man’s Simon Black relates of the real time unfortunate developments in the Ukraine capital of Kiev, where political promises on ...

Peter Schiff on the Pernicious Effects of the Fed’s Proposed Exit Fee on US bonds

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The US Federal Reserve proposes to avert a bond market meltdown by implementing an “exit fee” The question is why the need for an exit ...
Monday, June 23, 2014

Phisix: BSP Under Pressure: Raises SDA Rates and Invokes Banking Stress Test

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As with a crumbling sand pile, it would be foolish to attribute the collapse of a fragile bridge to the last truck that crossed it, and eve...
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