Inflation
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“A Good Exit Strategy Proposed by Philadelphia Fed President Plosser” – WSP
“Previous statements about exits by Fed officials simply listed the tools that could be used in an exit strategy, but did not actually put forth an exit strategy. In contrast, […]
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The Eurozone’s Coming Inflation Divide
“So now – for once – it is the German economy that is bound for higher inflation than the rest of Europe. And make no mistake about whether rising prices […]
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“Gold Rises Above $1500 to a Record on Slumping Dollar, Inflation Concern” – Bloomberg
“Gold rose above $1,500 an ounce to a record in New York and London as a weaker dollar and concern about debt and faster inflation spurred demand for an alternative […]
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The Shell Game, Part III
The Conclusion: The native inhabitants of Shell Island were living under growing pressure. For generations they had lived quiet lives tending their coconut trees, weaving their straw hats, and perfecting […]
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“Fed’s Monetary Stimulus Won’t Completely End in June” – Atlantic
“In fact, there’s a big difference between the three scenarios before the Fed. One option would be to keep QE2 going after June, continuing to grow the Fed’s balance sheet. […]
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“Fed Officials See Softer Q1, Inflation Risks” – Reuters
“To Atlanta Fed President Dennis Lockhart, higher gas prices dampened consumer spirits and contributed to disappointing growth in the first quarter. High energy prices are likely to weigh on consumers […]
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Signs of Inflation
Driving to the big city the other day, I noticed 2 billboards along the interstate highway that struck me as unique signs of the times. No, they weren’t ads for […]
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Stop Printing Money, Inc.
“America currently has $14 trillion in debt on the books and another $70 trillion or so in unfunded entitlements and pensions that are not yet on the books. These debts […]
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“Is Inflation Here to Stay? Price Rise Nears a 30-Year High” – Time
“The government reported the Consumer Price Index, the most important monthly gauge of inflation, on Friday for March and it showed that inflation is rising at the fastest pace in […]
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So Where Do We Go From Here?
Last week, in my blog, I discussed my concerns regarding the policies that the Federal Reserve has been pursuing lately. My concern was that in its attempt to achieve maximum […]
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Towards Defining Inflation
I have been writing on the premise that sound money is money uncontrolled by a central authority. Although I believe that gold would be (and has been) the best option for a people’s money uses, in reality anything can be money; some things are just better than others.
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“Monetary Mockery” – Henry Hazlitt
“The devaluation of the British pound from $2.80 to $2.40 is not only another declaration of the bankruptcy by Great Britain; it is another revelation of the bankruptcy of the […]