Bitcoin: Segway, Cigarette, or Gold Doubloon?
The market has selected different things as money throughout history. Some of these items have served as money in isolated places for specific periods …
inflation
A Global War on Savers
So Janet Yellen’s first hearing took place a few nights ago. It was fairly boring. She’s expected to sail through and become the next …
Has the Fed Met Its Match?
Now, this is sheer entertainment. The Chicago branch of the Federal Reserve has addressed the great monetary question of our day. A researcher has …
What the Fed Can Learn From the McDonald’s Dollar Menu
We live in parallel universes. Federal Reserve Chairman Ben Bernanke is said to have a healthy concern about deflation. McDonald’s franchisees, on the other …
Yellen, the Most Qualified Since Arthur Burns
There’s plenty of gushing about the Janet Yellen appointment as Federal Reserve Chairman. Yale economist Robert Shiller says she’s “a real mensch.” Greg Mankiw …
Taxes: Man’s Inhumanity to Man
My community in the Deep South prides itself on friendship, community feeling, and an overall happy spirit. So it was a bit strange for …
So Where’s the Hyperinflation Already?
The Federal Reserve has grown the monetary base from $827 billion to $3.1 trillion in five years. At the same time banks have stuck …
The Claptrap Behind the Minimum Wage Debate
New York seems to have more than its fair share of knuckleheads. Paul Krugman and Tom Friedman are both stalwart columnists in The New …
Is the Gold Price Set for an Explosive Rebound?
In recent months, the price of gold has tumbled. Along the way, lower gold prices have undermined the share price of many mining plays. …
Living Without Boom and Bust
The stock market hovers around all-time highs, and right on cue, individual investors are starting to get back into stocks. They are tired of …