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 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 | Nov 1, 2006 | Costa Rica, Economics, Essays & Articles, Inflation, Libertarian Curmudgeon
The Crawling Peg sounds like a rock group that isn’t too proud to beg for a gig or that gets so lubed up during one that dancing is impossible except on all fours. It’s nothing so cheerful, however. Here in Costa Rica “the crawling peg” refers to the narrow spread of...
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...
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 | Mar 24, 2006 | Bubble, Economics, Inflation, Libertarian Curmudgeon
The title link will take you to an article with an explaination of why a real estate crash is inevitable. The old saw among stock investors, "When everybody thinks the same thing, nobody’s thinking," has never been more true. Is there anyone who owns...
by Runaway Slave | Feb 28, 2006 | Economics, Essays & Articles, Inflation, Iraq, Libertarian Curmudgeon, War
Saddam Hussein once toyed with the notion of pricing his country’s oil in Euros rather than Dollars. It wasn’t long before George II began chanting “Axis of Evil” and “WMD’s.” The U.S. Air Force created a steel thunderstorm over Baghdad. A hundred thousand Iraqis,...
