This is a very interesting exchange. It appears that Mr. Volcker agrees with Congressman Paul in that the fiat system is inherently unstable.
Filed under: Current Events, Economics, Politics | No Comments »
The following is Obama’s speech to the joint session of Congress (regular font) with my replies interspersed (in italics).
Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States:
I’ve come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and [...]
Filed under: Current Events, Economics, Personal Philosophy, Politics | 1 Comment »
On December 16, 2008, I posted the following (click here for full):
Since January 1959, there have been 599 months through November of this year. Over that time, monthly housing starts have only come in below one million 29 times, or 4.8% of the time. Furthermore, only 3 times have housing starts been under 800,000. This [...]
Filed under: Current Events, Economics, Social Mood | No Comments »
Filed under: Current Events, Economics, Politics, Social Mood | No Comments »
Filed under: Current Events, Economics, Entertainment, Politics, Social Mood | No Comments »
1. The economic downturn, unsurprisingly, is significantly decreasing the amount of gambling revenues taken in by Las Vegas casinos. The fourth quarter of 2008 saw a year-over-year decline of 22% in gambling revenues as compared to 2007. Take a look at the five year chart for Wynn Resorts Ltd. (WYNN).
2. Ben Bernanke seems [...]
Filed under: Current Events, Economics, Politics, Six Packs, Social Mood | No Comments »
Forewarned is forearmed.
Filed under: Current Events, Economics, Politics, Social Mood | No Comments »
Tom Woods:
Filed under: Current Events, Economics, Entertainment, Politics, Social Mood | No Comments »
Filed under: Current Events, Economics, Politics, Social Mood | No Comments »
