The last refuge of the Inflation Deniers (Ok I admit it. I love that derogatory term. It's so versatile. Everyone is a Denier of something.) was that gold prices were a reflection of speculation fueled by the ease of gold investing via ETF's. Gold prices, according to these repackaged Keynesians, were not high as a result of Federal Reserve counterfeiting... er... I mean, operations. It's "animal spirits," if you reduce the lingo of Modern Monetary Theory to its Keynesian roots. [more]
And you despise attempts to cover up the criminal nature of governments that talk transparency on the one hand while attempting to silence Assange and Wikileaks with the other.
David in Qatar
A follow up on my recent post on air travel: [more]
If we have learned anything from the TSA's new policy of forcing Americans into humiliation, molestation, and degradation, it is that two groups of Americans have now been exposed as total frauds: American fathers and the American Civil Liberties Union. [more]
Bashing Ben Bernanke is the new sport. HIs Q rating is probably hovering somewhere between Lebron James and Christine O'Donnell. Even Sarah Palin, always the front runner in the intellectual arena (sarcasm, of course) has jumped on board. "Cease and desist," she declared, referring to the Fed's decision to buy $600 whatevers in government bonds. [more]
It's been requested by at least one blogger (maybe two?) that I put up some reading recommendations, just in time for Christmas shopping. [more]
Lately I have alluded to the idea that the core of mainstream economic theory is the concept of involuntary exchange. In other words, without some form of coercion taken as a given, modern economic theory does not hold true. [more]