Tag Archives: government action

Larry Summers Wants to Give You a Free Lunch

The existing capital stock continues to be frittered away at the expense of savers and retirees.  Nonetheless, central bankers don’t give a doggone about it.  This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading

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From Bad to Worse in a Big Way

Just when it appeared that a $50 per barrel floor had been put under the price of oil, something unexpected happened.  The price of oil dropped over 2 percent to about $48.74 a barrel.  What’s more, it could fall much, … Continue reading

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Hollow Words from a Hollow Man

One of the more endearing things about politics is election season.  Although hardly a soul in this day and age still takes them serious, they are not without merit.  In fact, they are not all bad. For what better opportunity … Continue reading

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Morons At Large

Up here, near the face of Tahquitz Peak, the summer twilight lingers a little longer.  The evening sunshine bends through the tall shady pines and sweet smelling cedars, basking on Idyllwild…the splendor mile high Southern California mountain village.  We breathe … Continue reading

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