Friedman's "solution for reducing the prospect for active intervention as well as the margin of human error was to propose the establishment of monetary rules instead of monetary authorities," explains Vox Day the...
It is becoming clearer by the day that the feds' efforts aren't really working. They can give money to their friends in the banking industry. They can give money to speculators who then make bets on the stock...
During the great credit expansion of 1945-2007, businesses could anticipate, generally, rising earnings. People were buying more and more things on credit. In a national economy, businesses pay wages and then the...
It is the battle between the forces of inflation, envisioned by the feds and the forces of deflation that rein in the MarketBattles normally do have clear winners. One side is master of the field and the other...
Equal as former President George W. Bush declared, "Mission accomplished" in Iraq, on May 1st, 2003, now six years later there still is no clear end in sight.And again history is repeating itself, as Big Ben...
Judge Napolitano of Fox News is Fox News' resident libertarian. He is a retired judge of the Superior Court of New Jersey who was appalled at the lawlessness of prosecutors and the police that he observed while on...
Angela Merkel. Alone among the world leaders, seems to have kept her head: “The crisis did not come about because we issued too little money but because we created economic growth with too much money, and it was...
As soon as Bernanke starts his helicopter engines, bond buyers get out their guns; the Chinese - the biggest single customer for US debt - have warned that they will shoot him down. What can Bernanke do? He is...
The media do believe us the newest hero is Ben Bernanke. Probably their mind and many others come from another planet. And were not on Earth when Big Ben acted in the past. He became popular as the Helicopter Ben*...
Everyone knows that China is the economy of the future. But beware of a potential blow-up of the Chinese economy.Anyone who thinks China can save the world from recession needs to read former Morgan Stanley analyst...
Warren Buffett warned in The New York Times - that "greenback emissions" threaten the whole world Econo(mic)-system."The question is not whether the dollar will weaken over time, but how it will weaken," El-Erian...
Despite the urging of governments, Americans and Europeans cannot be expected to take on more debt in order to continue consuming more stuff from China. Nor can the Chinese reasonably expect to work themselves out...
Federal Reserve policymakers ended their two-day meeting of the Federal Open Markets Committee (FOMC) and issued a statement in Washington. It has decided to keep its benchmark interest rates unchanged between 0% and 0.25%, slow down its $300-billion U.S. Treasuries program,...