Category Archives: Inflation
Scraps of Paper Be Damned
Today we begin with several data points… First, if you hadn’t noticed, gold and silver bullion coins are selling faster than boysenberry funnel cakes at the county fair. January 2013 U.S. Mint bullion sales of the American Eagle 1-ounce gold … Continue reading
The United States Can’t Afford Prosperity
Earlier this week it was revealed that something remarkable and totally unexpected happened during the fourth quarter of 2012. The economy didn’t grow. It shrank. “Real gross domestic product – the output of goods and services produced by labor and … Continue reading
Currency Wars and the New Age of Desperation
It must have seemed like a good idea at the time. Of course, the time is always right for government policy makers to improve upon the natural order of things. In their dim minds, the unintended consequences of their actions … Continue reading
“We Know Better!”
Monetary intervention into credit markets is much easier to start than to stop. In fact, once started, monetary intervention is nearly impossible to stop. Just ask Fed Chairman, Ben Bernanke. He’s promised to expand the Fed’s balance sheet by over … Continue reading
