Obama promises bailout for Greece
How about we bail ourselves out before we go promising bailouts to other countries?
Category Archives: Economics
Keynes vs. Hayek Round Two
Failed for who?
The New York Times says quantitative easing has failed. The Federal Reserve’s experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies … Continue reading
No faith in the Fed
The Texas University Endowment is storing $1 Billion in gold bars. Gold bullion is a hedge against inflation. If you didn’t think inflation was about to be a problem, gold would be the worst thing to put your money in … Continue reading
Inflation Lies from USA Today
Consumer prices — or the consumer price index — rose 0.5% in February, the most since mid-2009, largely because of surging food and gasoline prices the Federal Reserve’s quantitative easing is devaluing the Dollar like crazy. Core inflation, which excludes … Continue reading
Government Hates Competition
“How dare you try to undermine the value of our currency. That’s our job!”
“I can’t eat an iPad.”
Why is it that the idiots always think they’re the smart ones? New York Fed President William Dudley got p0wnd by the crowd in Queens when he went down to explain the economy to the rubes. Too bad the “rubes” … Continue reading
Food prices up 3.9%, highest in 36 years
Inflation is here. But the Fed won’t admit it because food isn’t a part of the Consumer Price Index. I guess people don’t have to eat.
The incredible shrinking Dollar
The push for Dollar coins is back. I don’t have anything against dollar coins but it’s a good sign that the Dollar has reached change status. Almost nothing costs a dollar (or less) any more and thanks to the Fed … Continue reading
QOTD: Get out of the damn way, edition.
When you’re in a hole, stop digging. Stop running deficits of over 1.5 trillion dollars. Act like grownups and get your fiscal house in order. Stop spending 25% of what we produce. Stop wasting my money and giving it to … Continue reading