Author Archive
The End of Fed "Sterilization"? We Might Get an Inflation Infection Real Soon
I have been postponing a proper discussion of Fed “sterilization” because it’s a tricky thing, but events are moving quickly. So with the caveat that I am writing this in the wee hours of the morning, here it is in a nutshell: Our banking system is a “fractional reserve” one. That is, if you take […]
Read moreMore Anecdotal Evidence on the Bogus "Small Business Payroll" Justification for the Paulson Heist
After the House wisely decided that a group of “representatives” probably shouldn’t vote for something that the public opposes 9-to-1, the Powers That Be made two important switches. First, they stopped calling it a “bailout” and started calling it a “rescue package.” Second, they emphasized how this was all about helping Main Street. In particular, […]
Read moreSwanson on USSA and Newt on the Bailout
Tim Swanson has a nice post summarizing our loss of liberties, and below Newt Gingrich actually makes a lot of sense. I liked him once he left government.
Read moreDisturbing Political Artwork
Someone emailed me the first picture below, and I thought it was great. I went to the artist’s website, and there is some freaky stuff there. Warning: He is an “anti-Zionist,” and takes pains up front to say that he is pro-Jewish, and not to believe the “smears” of anti-Semitism etc. Well, like I said, […]
Read moreSurprise! Coordinated Rate Cuts Don’t Magically Fix Years of Malinvestments
The Fed, in conjunction with other central banks around the world, announced a rate cut. At first the market was up, but as of this writing the S&P 500 is down more than 70 basis points on the day. (Back before the “credit crunch” set in, this would have been an awful day.) At some […]
Read moreA Ron Paul Fan Sends Free Advice Link to Bernanke
The effect was almost immediate: (HT2C4L.) Note: In my efforts to steal the techniques of successful sites, I have started putting up more “fun” posts that involve pictures, rather than my long-winded, narcissistic analyses. And yet, it seems those other sites still bring in more traffic. What the heck?
Read moreExplanation About Comments
Dear Free Advice readers, Due to the fact that I actually have a (pseudo) real job, I have finally accepted that I can’t answer everyone’s questions in the comments. Note that my response rate is still 407% higher than Tyler Cowen’s on Marginal Revolution.
Read moreDavid Henderson Takes on Reich and Kuttner
This mp3 features the Hoover Institution’s David Henderson who debates the bailout etc. with first Robert Reich, who then tags Robert Kuttner. It is shocking to hear Reich’s take on this; he really is a Keynesian who thinks it is necessary and sufficient for consumers to spend money, in order for a strong economy. But […]
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