by Runaway Slave | Jul 8, 2010 | Current Affairs, foreign policy, Inflation, Libertarian Curmudgeon, Ron Paul, war, what if
This man makes too much sense to ever be president.
by Runaway Slave | Mar 14, 2009 | Economics, Essays & Articles, Inflation, Libertarian Curmudgeon
"Give me control of a nation's money and I care not who makes the laws."— Mayer Amschel Rothschild (1744 -1812) Yesterday I listened to Ben Bernanke, current man behind the curtain at the Federal Reserve, suggest with a straight face that the key...
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 | Aug 14, 2008 | Essays & Articles, Inflation, Libertarian Curmudgeon
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process...
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 | Feb 13, 2008 | Inflation, Libertarian Curmudgeon, Ron Paul
Although the matter seems settled among those charged with reporting the news, the Republican nomination for president still has three candidates. Regrettably, voters in most states, with a few notable exceptions, have rejected Ron Paul’s message of...
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 | 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...
