It was a weekend of jaywalking with a smile, lighting up cigarettes indoors and plotting ways to ‘sow seeds of doubt’. The inaugural Australian Mises Seminar took place last weekend in a secret location in Sydney. Somewhere between the Deutsche Bank and Royal Bank of Scotland buildings.
December 3rd, 2011 | Nickolai Hubble | 5 comments | ContinuedAll Posts Tagged With: "economics"
You say Obama; I say Ozawa! You say boom; I say ka-boom!
The Nobel Prize committee has never withdrawn a prize. It might want to consider it. In Tuesday’s New York Times, prizewinner in economics, Paul Krugman reveals either that he knows nothing about economics…or that there is nothing worth knowing in it. We’re beginning to think it’s the latter.
September 13th, 2010 | Bill Bonner | 0 comments | Continued
A Look Back at the Future of America
Wall Street suffered its first reversal in eight days yesterday. The Dow dropped a modest 7 points. For its part, gold rose $1.30 and the dollar fell. More importantly, the latest news is that inflation rates continue to fall. Producer prices went down 0.8% in the last two months – and the rate of decline is accelerating. It won’t be long before the US is in outright deflation – just like Japan.
July 19th, 2010 | Bill Bonner | 1 comment | Continued
Stock Markets were Down Friday in Europe
Here we go again. Stock markets were down Friday in Europe and the Americas. The culprit was renewed anxiety that Europe cannot get its house in order…
May 17th, 2010 | Dan Denning | 3 comments | Continued
Man Still a Slave to Human Nature
“What about the poor people in hospitals and old-age homes?” asked our mother…88 years old. “People can’t get in to work. Who looks after them?”
“Well, it’s probably time for a little culling,” we joked. “Nature has to assert herself from time to time.”
February 12th, 2010 | Bill Bonner | 1 comment | Continued
America and its Intellectual and Political Elite Are Too Busy to Stop and Think
They are thinkers. They are always thinking about what to do. But they cannot afford to think radically…about why they should do anything at all.
January 12th, 2010 | Bill Bonner | 4 comments | Continued
The More Money in a Financial System the Less Each Unit is Worth
For the last 10 years, the money supply in the United States has expanded at roughly twice the rate of GDP growth. And the Fed doubled its balance sheet in just the last 18 months.
September 8th, 2009 | Bill Bonner | 1 comment | Continued
Cash for Clunkers Widely Thought to Help Revive Economy
But who listens to Bastiat or Hayek? Ten countries have taken up ‘Cash for Clunkers’ programs. In Britain, the government puts up 2000 pounds to grease the deal…with a total of 300 million earmarked for the program. In America, the ‘Cash for Clunkers’ program was extended last week…
August 17th, 2009 | Bill Bonner | 0 comments | Continued
What is this “Breakeven Point” for Oil?
And it is not just oil, but all commodities that are shooting up, as Ian Mathias here at The Daily Reckoning reports that commodities are on a tear (up 12.3%), and that “May was the best month for the CRB Index since 1974,” which was more than a third of a century ago.
June 9th, 2009 | Mogambo Guru | 2 comments | Continued
The Threat of Hyper-Depression
At this stage nothing is certain, but the country is currently headed straight into a period of very rapid price hikes and a very bad recession. It would not surprise me at all if the national unemployment rate and the annualized rate of consumer price inflation both broke through into double digits by the end of 2009.
March 26th, 2009 | The Daily Reckoning | 4 comments | Continued
An Edifice of Pure Economic Crapola
Well, there is more, as the mysterious, necromantic arts of economics comes in to determine, as a constant – with an astonishing precision out to three decimal places! – exactly HOW much you spend and how much you save of each dollar! Hahaha!
February 18th, 2009 | Mogambo Guru | 2 comments | Continued
