by Runaway Slave | Aug 9, 2011 | Debt, Libertarian Curmudgeon, Uncategorized
Your kids and grand kids have plenty of time to take care of it.
by Runaway Slave | Jul 24, 2008 | Debt, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon
Using that infallible maxim as our guide, it appears that Fannie Mae and Freddy Mac, the nation’s two primary engines of housing inflation, are on the brink of collapse. Last week I heard on a TV news broadcast the following remark from an unnamed official,...
by Runaway Slave | Oct 11, 2007 | Costa Rica, Debt, Economics, Essays & Articles, Libertarian Curmudgeon
Much of Costa Rica’s appeal for Americans is that living expenses here are supposedly a lot lower than in the U.S. When our income ended after the top of the real estate bubble in 2005, we moved here thinking we’d save a bundle. While it is true that some...
by Runaway Slave | Aug 22, 2007 | Bubble, Debt, Economics, Government, Libertarian Curmudgeon
Fed interference in the markets appears on the surface to benefit everyone. A bailout is a bailout, right? That’s not how it works in reality, however. There are always bettors on both sides of the bet. The Fed’s last intervention, at the last possible...
by Runaway Slave | Aug 22, 2007 | Debt, Essays & Articles, Government, Libertarian Curmudgeon
A “put” is a financial instrument that speculators or investors use to insure stock against declining prices. An investor who buys a “put” buys the right, but not the obligation, to sell a certain amount of stock at a certain price sometime in the future, regardless...
by Runaway Slave | Apr 4, 2007 | Debt, Economics, Inflation, Libertarian Curmudgeon
Those who use dollars outside the US continuously pay a contribution to the US. It comes in the form of an inflation of 1.25 million dollars per minute. This is the result of …. read the whole thing
by Runaway Slave | May 10, 2006 | Debt, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon, Politics
“How Bad Is Inflation in Zimbabwe?” asks the story in the New York Times, as if reporting a volcanic eruption or an earthquake. But hyperinflations are not natural disasters. They are political disasters, and every bit as destructive of human lives as volcanoes and...
