There has been much buzz in the past few days about a truly horrible idea. Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay for more spending, why not just mint a trillion-dollar platinum coin? This coin would contain one ounce of [...]
|
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policies create phases of irrational exuberance, which are then followed by economic recessions, a result [...] This is a fascinating article from the Wall Street Journal about one of China’s leading economists, Zhang Weiying, who is an adherent of Austrian theory economics. It gives you some insight into what he calls the black box of Chinese politics. But, he says he “is optimistic because he thinks 30 [...] Krugman-in-Wonderland Perhaps the most constant theme in Paul Krugman’s recent columns has been his unwavering belief that the only way out of this depression is for governments to borrow and spend, and for central banks to inflate. He continues to beat the old drum that (1) there is not enough regulation of business, (2) [...] Krugman-in-Wonderland Not only does Obama’s Shill-in-Chief Paul Krugman have economics wrong, he has economic history wrong as well. One of the constant themes of Paul Krugman’s writings these days, other than shilling for Barack Obama and Democrats in general, is the walk down memory lane to the nation’s idyllic past where tightly-regulated industries [...] This article was written by Mark Spitznagel, the founder, owner, and Chief Investment Officer of Universa Investments, LP, a $6 billion hedge fund located in Santa Monica, California. Mark is a student of Austrian economic theory and uses those ideas in his investment strategy. This paper originally appeared on Universa’s site [...] This article is from Michael Pollaro’s The Contrarian Take, the best blog on money supply. Michael measures True (“Austrian”) Money Supply (TMS) each month as the data comes out and provides meaningful measures and interpretations of the data. I urge you to visit his site for his data and his excellent explanation [...] |
|
© 2013 The Daily Capitalist - Nothing in this blog should be considered to be investment advice. The opinions expressed herein are those of the author and not necessarily those of The Daily Capitalist. The Daily Capitalist is published by Montecito Analytics, LLC. All Rights Reserved. |
