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May 2009



How To Save Our Economy - Take A Vacation =D

May 16, 2009 – Comments (12)

I'm off for vacation for a few weeks, so this might be my last post until later this summer. In the meantime, I appreciate all the support I've received here. I really am very grateful. For my intellectual opponents, please know that I do enjoy your company as well. If we were sitting around in a bar, talking politics, sports, and economics, I'd rather talk to people who don't agree with me than those who do. It's way more entertaining. So believe me it was never ever personal, even if it appeared so. We deprecate each other from time to time, but so did G.K. Chesterton and George Bernard Shaw and they remained friends for many years:  [more]



Ron Paul on Morning Joe Talks About Torture and Austrian vs. Keynesian Economics

May 15, 2009 – Comments (3)

Also, H.R. 1207 Audit the Fed is up to 165 co-sponsors. Great job!  [more]



We're Talking Stock Market Bubbles (This One)

May 13, 2009 – Comments (6)

We're talking stock market bubbles over at the Mises Institute thanks to Frank Shostak's attempt to graph liquidity changes and stock prices in a series of graphs covering the last 80 years and an attempt to logically deduce the results of fiscal planning:  [more]



Banks Pass Stress Test - Regulators Fail Ethics Test

May 11, 2009 – Comments (4)

Another article, this one over at Hussman Funds, pointing out the practical and ethical problems of continued government intervention in the banking sector.  Here are some excerpts:  [more]



The Market Regulates Better Than Government, Example: Underwriters Laboratories

May 10, 2009 – Comments (8)

I derived a special joy in reading this Mises Institute article on Underwriters Laboratories.  You see, I'm from the Northbrook, IL area and my first private sector salaried job was at this very UL office.  Since then, I've worked many years with the government before returing to the private sector.  I've seen the difference in quality, efficiency and attention to detail from both sectors first hand.  This is why I find the idea that government can regulate the markets better than private firms laughable.    [more]



Ron Paul: "I've Wasted My Life"

May 09, 2009 – Comments (11) | RELATED TICKERS: SM , ILE

Yale Economics Professor's Groundbreaking New Work: Smiling Improves the Economy.  [more]




May 09, 2009 – Comments (7)

“The market” is just shorthand for the totality of economic interactions of freely acting individuals. - Robert Murphy, Chaos Theory; Two Essays on Market Anarchy (pdf), p. 25  [more]



Happy Birthday F.A. Hayek - A Collection of Works and Thoughts

May 08, 2009 – Comments (8)

Today is the 110th birthday of F.A. Hayek. As we watch our government waste trillions upon trillions of dollars in the name of saving us; as we watch our government's destructive attempt to re-inflate the housing and stock markets; and as we watch our government's continuous Orwellian expansion into our private lives, we should ponder what F.A. Hayek would think of the world today and what advice he would dispense.  Thus, for me, it is a bit of a melancholy day to share his memory.  His wisdom is needed.   [more]



Grayson Grills Fed Inspector General - Who Knows Nothing

May 07, 2009 – Comments (6)

I'm a big fan of Rep. Grayson (D - FL) in his efforts to uncover the Federal Reserve's fraudulent activities.  This guy takes no prisoners.  He's also one of the 134 co-sponsors of Ron Paul's bill to audit the Fed.  This video is hilarious, but kinda sad.   [more]



Mish Shedlock: Case Against the Fed

May 07, 2009 – Comments (10)

In a recent article on, Mish Shedlock makes his case against the Federal Reserve. At the same time he asks, "are we ever going to go give the free market a chance?"  Many of you wish we would.  Some are still hiding under the beds afraid of big bad robber barons (and completely ignorant to American history.)  [more]



What Liberties Have You Lost? Ask 16 Year Old Ashton Lundeby

May 06, 2009 – Comments (36)

During the Bush years, Republicans who listen to Savage, Limbaugh and Hannity would frequently ask me in a condescending I-know-better-than-you-attitude, "What liberties have you lost?" Then I'd tell them about Habeus Corpus and they'd hurl contempt at me as if how dare I presume to understand such complex issues like terrorism and the sacrifices we must make to defeat it.  Seriously.     [more]



Should People Just Ignore Economists?

May 05, 2009 – Comments (10)

from by Mark Brandly:  [more]



Ron Paul and Bernanke talk Policy, Bubbles, and Transparency

May 05, 2009 – Comments (1)

Very interesting stuff here.  Bernanke states he is open to more transparency, claiming he doesn't want the Fed to be as secretive as it has been.  Ok, we'll see.  Paul lectures Bernanke on the dangerous effects of excess monetary expansion and proposes a possible dilemna Bernanke may face.  There is discussion on the overall economic policy of the government and Fed.  Enjoy the vid!  [more]



CNN: International treaty gives foreign troops identity of American gun owners

May 04, 2009 – Comments (5) | RELATED TICKERS: AOBC

I think we can add this to the number of reasons that many of us are long SWHC (kudos to abitare for the inital call of course).  Bill Tucker reports:  [more]



Jim Rogers Says IMF Will Attempt To Sell Gold - Drive Price to $700

May 03, 2009 – Comments (14)

INTERNATIONAL. Legendary global investor and chairman of Singapore- based Rogers Holdings, Jim Rogers said he is concerned some institutional gold reserves may be sold, affecting prices in the short term.  [more]



John Williams of On Hyperinflationary Depression

May 02, 2009 – Comments (1) | RELATED TICKERS: GLD , SLV

An interview of John Williams by Howard Ruff:  [more]

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