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 | 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 | Jun 26, 2007 | Bubble, Costa Rica, Economics, Essays & Articles, Gold, Inflation, Libertarian Curmudgeon
Asset bubbles are the result of easy credit and a natural human desire to get something for nothing. The long-term increase in all prices and the occasional price explosion for certain assets occurs primarily because there is no standard for the unit we use to measure...
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 | Mar 21, 2007 | Bubble, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon
Real estate is still a topic of great interest both here in Costa Rica and there in sunny Key West. As I am inclined to look back in time to satisfy my curiosity about the future, I found the following graph interesting. It shows the history of housing prices in the...
by Runaway Slave | Feb 8, 2007 | Economics, Libertarian Curmudgeon
How the Fed lost control of the money supply.So many dollars, so little time.
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...
