Category The Federal Reserve

Debt Man Walking

The Democrats never proposed a plan of their own, they just sat in the peanut gallery and criticized Republican plans. The Republicans adjusted and adjusted their ideas until it was something neither party could live with — and passed it. What a load of silly fools we elected. It’s a shame they reflect those who elected them.

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This Weeks Miscellany

Some news items don’t deserve a full post. They’d be boring, or there’s just not that much to them. So this post is dedicated to all the midget stories — excuse me: Little news items. ITEM — Smucker’s in a Jam: This one is basically here because of the epic pun. J.M. Smucker Co. profits […]

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Dude, China’s So Rad!

Texas tried to do the only sane thing a state could do in the face of the TSA: Ban them. And what happened? A bunch of Feds showed up — probably dressed like mobsters — and threatened to cancel all flights to Texas if the bill passed. What a heart warming story. I wonder if […]

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The Sky’s the Limit

In June and July “economists” and the Fed told everyone to watch out because of a “deflation risk.” Then suddenly, before you could say “Ben Bernanke” everyone is worried about the Fed and their warning of coming inflation. “[I]nflation surely remains a more serious danger than deflation.” Said George Melloan with the Wall Street Journal. […]

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The Drudge Report

The economic trends at the beginning of the year could be called “promising” and current trends could be looked upon as “not-so-great.”  Some still find hope that the economy will soon recover, but when recent trends are compared with ones during the Great Depression it gets a little too close for comfort. Last Friday stocks […]

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A Full Supply

“Inflation Hits 44-year Low” read the recent headline. The problem: 44 years ago the U.S. had high inflation. Brian Domitrovic’s book Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity (2009, ISI $27.95) is an excellent introduction to historical economic situations from 1913-1990. Domitrovic goes through the problems, and the solutions (working […]

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Hallow Growth, Part I

Inflation, to the ignorant, means nothing. To the economist and investor, frightening. What is Inflation? Simply put, the devaluation of a currency. For example, if inflation is 2%, and The Communist Manifesto is worth $1 (it’s really not worth that much), then within a year it would cost $1.02. That seems rather insignificant, but it […]

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