Tag Archives: debt
More Credit, More Debt: Lessons from the Last Great Unraveling
“The lord giveth increase, but man devised credit.” — Garet Garrett Solving the Debt Problem with Credit Something quite remarkable happened in the years following the war to end all wars. European economies were ruined and European governments were buried … Continue reading
The Clever Fellows of Jackson Hole
The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things. They think they can decide the price of the economy’s most important component – its money – better than the market can. Moreover, by low-balling the price of money … Continue reading
The Great Middle Class Debasement
More is revealed each and every day. Whether you like it or not, the glut of information expands like the glut of Federal Reserve notes in foreign account balances. Last week was no exception…many significant discoveries were made… Samsung, for … Continue reading
Disgraceful and Insulting
New discoveries were made on the economic front last week. The Labor Department reported that 163,000 jobs were added in July. Yet even with the new jobs, the unemployment rate rose to 8.3 percent. “We’ve still got too many folks … Continue reading
