What Does it Really Mean to “Peg” Money?

What Does it Really Mean to “Peg” Money?

For economics, money seems to be the exception to the rule, the thing that the market cannot provide...
European Budget Pact: Right Diagnosis but Wrong Tool?

European Budget Pact: Right Diagnosis but Wrong Tool?

Other than Germany and France the European countries seem to be in a holding pattern following the agreements...
Rajoy’s Plan for Spain: Conviction or Necessity?

Rajoy’s Plan for Spain: Conviction or Necessity?

The election of Spain’s new President of Government, Mariano Rajoy, has produced quite a few expectations....
What the Price of Gold Means

What the Price of Gold Means

It’s amazing how so many people don’t get gold. It’s only been 40 years since the dollar was completely...

While You Were Reading This Headline…

Audio-Video, Resources — January 27, 2012 at 9:21 AM
…the Federal Government just added $100 to your kid’s credit card debt. If you took the time to read this sentence also, there goes another $100.  And if you ask some bureaucrat how to end this, he will tell you to either have more children (to lower the per capita debt burden), or stop reading.  Well, stop reading, and watch this… image: freedigitalphotos.net/David Castillo Dominici Share...

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While You Were Reading This Headline…

While You Were Reading This Headline…
…the Federal Government just added $100 to your kid’s credit card debt. If you took the time to read this sentence also, there goes another $100.  And if you ask some bureaucrat how to end this, he will tell you to either have more children (to lower the per capita debt burden), or stop...
January 27th, 2012 | Audio-Video, Resources | Read More

The Financial System Drinking Game

The Financial System Drinking Game
This will make you think twice about opening that bar tab. Explaining Modern Finance And Economics Using Booze And Broke Alcoholics Submitted by Tyler Durden on 01/27/2012 14:08 -0500 Courtesy of reszatonline, who brings us the following allegory by way of Tim Coldwell, we are happy to distill (no...
January 27th, 2012 | Humor | Read More

America’s Dirty Laundering

America’s Dirty Laundering
 No matter how many times they clean it, the fresh ink stains just won’t go away. Forget, for a moment, about all the horrible economic damage the Fed is responsible for, according to its critics. News that just came out about the Fed’s massive payout to the Federal government ought to,...
January 26th, 2012 | Sound Money Blog | Read More

Are the Fed’s Zero-Interest Rate Policies Too Expensive?

Are the Fed’s Zero-Interest Rate Policies Too Expensive?
The cost to America’s economy, by destroying savings and price signals, is too great; the power of the Fed must be rolled back, then eliminated. By DAVID MALPASS @ The Wall Street Journal On Wednesday the Federal Reserve shared its thoughts on the course of interest rates—but not on the implications...
January 26th, 2012 | Popular Articles, Resources | Read More

Meet the New Federal Reserve Board Members…

Meet the New Federal Reserve Board Members…
…definitely not the same as the old board members.   From CNNMoney: “It’s a new year. And that means a new, and probably less divided, Fed. The Federal Reserve is playing its annual game of musical chairs, rotating voting members on its policymaking committee. While the Fed board...
January 26th, 2012 | Commentary | Read More