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Believing Is Seeing, Economics History Edition

Tom Woods defends his honor against what was apparently a hit piece in Liberty magazine. Bruce Ramsey was reviewing Woods’ book Meltdown, as well as a book by two other authors, and wrote: “You immerse yourself in the facts, see what the connections are, and let the story itself tell you what the explanation is. […]

"Hmm, the Russian president is showing the press a new global currency? That’s kind of frighten–LOOK! BOOBIES!!"

Now kids, I realize some of you may think I’ve gone off the deep end lately. But let’s suppose for the sake of argument that we really are getting close to some major financial action, and that the elite need to keep everybody distracted RIGHT NOW. So you’ve got the Michael Jackson stuff, which–come on–is […]

Another Month, Another Big Price Spike, Another Seasonal Adjustment Downward

And the beat goes on. Two days after having a bunch of fair weather friends tell me, “Normally I love your stuff Bob, but Mish is right–we can’t have inflation until the deleveraging is complete,” the media tells us “Inflation Remains Tame” even though prices went up 0.7% from May to June. (Since when is […]

The Big Picture

While it’s fun, geeky, and necessary to argue about credit vs. money, I think we should also occasionally take a big step back and look at the broad themes. In a recent post, I said that the best way to predict what was coming–and how to protect your household–was to imagine that you were in […]

Potpourri

* Scott Sumner calls for the Fed to create “the mother of all stock bubbles, permanently.” Sumner can be provocative, but this time he’s gone too far. * In a spooky post, Roger Koppl explains that we are all fascists now. * I don’t have time to read this right now, but Bob Roddis sends […]

Invasion of the Purchasing Power Snatchers

Scott Sumner is a tragic hero. Check out his awesome FAQ (which he confusingly calls “FAQs”); so much brilliance and yet it goes awry because of his obsession with NGDP (nominal gross domestic product) growth. Let me give you a good example. In a recent (and characteristically awesome) post, Scott goes through and documents just […]

The Policeman Is Not Your Friend, Part 187

The below picture is from Monday’s WSJ article about unions and Wal-Mart: So, should we be concerned that the jacked officer’s uniform appears to have “SMASH” under the badge?!

Final Fulminations From FreedomFest

I flew back from FreedomFest Sunday, but believe it or not I actually have to work to earn money, and so I haven’t had time to blog about the festivities till now. Some remarks: * Tom Woods and Gene Epstein absolutely destroyed John Fund and Warren Coats regarding their Friday debate, “Fed Up With the […]