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Excellent Cochrane/Zingales Article on Lehman and Paulson

I can forgive John Cochrane his excesses in defense of neoclassical financial models because he and Zingales did a wonderful job showing that the financial panic in September 2008 was most likely not caused by the collapse of Lehman. On the contrary, it was Paulson’s saber rattling that spooked investors: The nearby chart shows that […]

Orwell Lives! The WSJ Takes Inflation Spinning to New Low

Well shoot, the punchline isn’t nearly as effective if I can’t link you to the actual headline, but I swear in today’s A-section of the Wall Street Journal, there was a story (it was on the right column of a left-handed page) with the following title: Prices Rise, Inflation CalmI threw out the paper and […]

I Don’t Vote, Not Even for Ron Paul

In a previous post, I mentioned that I didn’t vote for Ron Paul in the election. A few people expressed surprise in the comments. So I should clarify that I didn’t vote for RP, because I don’t vote (in political elections), period. My reasoning is pretty simple: My vote won’t make a difference in any […]

Those Who Are Ignorant of Monetary History Are Condemned…?

I don’t endorse everything he says on monetary economics, but Robert Wenzel certainly makes a good point that the Fed chief is being coy with the economy. I am in a hurry so I can’t save the graphic to my blog server etc., but check out this FRED chart. It shows non-seasonally adjusted M2. Notice […]

Should the Fed Be Abolished?

I didn’t vote for Ron Paul, but I did vote in the poll at the end of this CNBC article reviewing RP’s new book, End the Fed. As of my vote, 83% agreed that the Fed should be abolished.

My Apologies to the BLS

In this post, I ranted against the shady tactics of the BLS in suppressing price inflation. In my sleep deprived rage (my son woke me up far too early), I wrote: For example, both on NPR and in the CNBC story linked above, they talked about how prices for retail automobiles fell sharply, but they […]

Gold Closes at Record Highs

CNNMoney reports: Gold prices settled at an all-time high Wednesday as the dollar slumped and inflation concerns boosted demand for the metal as a hedge against rising prices. Gold for December delivery jumped $13.90 to close at a record high of $1,020.20 an ounce, well above the previous high of $1,003.20 that was posted March […]

Now Is the Time to Buy Ron Paul’s End the Fed!

If you have been meaning to buy Ron Paul’s new book, End the Fed, now is the time to place your order or swing by Barnes & Noble. Today is the official release date, and for purposes of Amazon and NYT rankings, you want to concentrate sales right when a new book comes out. I […]