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Who Knows the Future?
The instant the Fed announced QE3, an unlimited program of bond buying with fake money until the end of time, the speculation about what …
Laissez-Faire Today
Is the Housing Bust Over?
Some pretty big names in the financial prognostication business are recommending that investors start buying houses. Jim Grant has devoted lots of space in …
Drop the Freon and Come out With Your Hands Up
“All the profits of drug trafficking and none of the risk.” That’s how the prosecutor in a federal criminal case described Carlos Garcia’s smuggling …
Don’t Think about Elephants
The movie Inception (2010) directed by Christopher Nolan, is one of the few films I’ve seen that takes the idea of ideas themselves seriously. …
The Great Mischief Maker
There is reality and there is Ben Bernanke. The two are ever more disconnected. Speaking in Jackson Hole, Wyo., Fed Chair Ben Bernanke claimed …
Banks and Sociopaths
Oceans of taxpayer money and patience have been devoted to propping up the banking system. Why? So that when we go to retrieve our …
The Fast-Food Path to Skinny?
In Mao’s Great Leap forward of 1958, and then the Cultural Revolution of 1966 and following, millions suffered persecution and death. Collectivized land led …
A New Case for Gold
While Ron Paul lost the battle for the presidency, he may yet win the war for sound money. At least the intellectual battle might …
The Greatest Market in the World
In the United States, the free (as in government is not involved) part of free enterprise has been forgotten. So it is the highest …
Smartphone, Dumb Government
Google’s new Motorola unit had great ambitions to serve customers and keep dazzling us with ever more spectacular things that enhance our lives. After …