Failed Leaders With Failed Agendas Always Blame The Speculators
It’s worth noting that, although the President of the United States hasn’t the power of Generalisimo Chavez, Pres. Obama’s attacks on speculators are just as politically opportunistic and economically ignorant – and potentially as destructive – as are any such attacks issued by Latin American dictators… – Don Boudreaux, Café Hayek. If anyone out there still needed a primer on why a Government-Centered Society was | Read More »
Is Unofficial Inflation Present In The Economy?
In the late 1970’s and early 1980’s, inflation became a crippling detriment to the American Economy. Federal Reserve Chairman, Paul Volker, showed remarkable patriotism for a Democrat. He brought down the hammer athwart this scourge. He raised interest rates through the roof and forced down the price of most consumables to acceptable levels. As a result of Paul Volker’s courage and love for America, the | Read More »
The Good News Is That I Am Wrong about Inflation– The Bad News Is That I Won’t Be Forever
The United States economy will overinflate. The USD will decline as a fundamental store of value; thereby leading to a deleterious effect on the purchasing power of the average American. I predicted this would happen the day Congress passed The Chula Vista Dog Walk Act of…Oops I Mean Stimulus Package. Up until now and into the foreseeable, near-term future, I missed on that one. The | Read More »