The Currency War: Good for Gold

As the world awaits another $600 billion flood from Bernanke’s printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of...

There Was a Fed Chairman Who Swallowed a Fly

?While it’s true that history repeats itself, the patterns should always be separated by a generation or two to keep things respectable. Unfortunately, in today’s economic world, it seems the cycle can be counted in months.  On July 24, 2009, just as...

An Inflationary Death Spiral

?It seems the Fed has given up on the idea that the country can build a viable and stable economy through the conventional means. Instead, our central bank has resorted to once again growing GDP and increasing employment by the creation of asset bubbles. This is a...

Beware the FED Tide

This week, desperation became palpable at the Fed. In both the formulaic statement that accompanied its FOMC policy decision and Chairman Ben Bernanke’s unusual (and clumsy) Washington Post op-ed follow up, the guardians of our currency expressed grave...

America's Last Chance

As expected, Republicans now have more control of the government than before. Their gains in the House of Representatives, at least, are substantial. The more important news is that some Republicans actually do appear to stand for something different from Democrats,...

Obama Too Idelological?

Some people blame Obama’s failures on being “too ideological.” This is equivalent to saying: “Obama is failing because he has ideas.” Ridiculous. Nobody in politics — or anything else — fails for having ideas. People fail for...

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