by Runaway Slave | Jul 13, 2010 | bear market, bottom, Deflation, depression, Economics, housing market, Libertarian Curmudgeon, market
July 12, 2010 By Elliott Wave International While many people spend time yearning for the financial markets to turn back up, a rare few have looked back in time to compare historical markets with the current situation – and then delivered a clear-eyed view...
by Runaway Slave | Jul 29, 2009 | Deflation, Economics, Essays & Articles, Freemarket, Libertarian Curmudgeon
This morning, my wife Sally and I received some kind words from Key West blogger Rock Trueblood about our past in Key West real estate. Having people praise Sally as knowledgeable and honest is always appreciated, but nothing new. A reference to me, however, as...
by Runaway Slave | Apr 16, 2009 | Deflation, Economics, Essays & Articles, Libertarian Curmudgeon
You can hardly pick up a paper or listen to a newscast without hearing how inflationary Uncle Sam’s bailout efforts are. “Money out of thin air” is a phrase never so popular as it is these days. And, indeed, every bit of the money going to bail out the...
by Runaway Slave | Jan 4, 2009 | Current Affairs, Deflation, Essays & Articles, Inflation, Libertarian Curmudgeon
The Fed's efforts to keep the money game going have reached a level that has leaped past astronomical to the utterly incomprehensible. Bailout costs are now estimated near $8 trillion. That's roughly $80,000 for every American household, every penny...
by Runaway Slave | Oct 17, 2007 | Deflation, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon
A recent front page article in the Wall Street Journal reported a meeting between a group of bankers from the world’s biggest banks and representatives of the U.S. Treasury Department. The meeting, we are told, is "in response to the world credit...
by Runaway Slave | Feb 2, 2007 | Deflation, Economics, Freemarket, Gold, Inflation, Libertarian Curmudgeon
"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." ─ Daniel Webster It was 1996. Alan Greenspan, the architect of the largest financial house of cards in...
by Runaway Slave | Mar 31, 2006 | Deflation, Economics, Gold, Inflation, Law, Libertarian Curmudgeon
I think it was Voltaire who noted that paper money always returns to its intrinsic value. Money created out of thin air, as every dollar, euro, yen, franc and mark in the world are now created, must eventually return to the value of thin air. This graph shows the...
by Runaway Slave | Dec 1, 2003 | Deflation, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon, Politics
The chattering classes have lately taken up a chorus of worry that our economy is experiencing too little inflation for its own good. The Greenspan Fed has announced that having battled the demon inflation to a stand they would now take up their cudgel against the...
