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Why Cash Is Not King
This is a strange and beautiful crisis. For the last century, at times of change and instability, nervous investors have traditionally piled their money in two directions, into Treasury Bonds, and into...
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Why Warren Buffett Is Wrong
From the Telegraph: “Gold really doesn’t have utility, the 80-year old told shareholders at Berkshire Hathaway’s annual general meeting. “I’d bet on a good producing business to outperform something...
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Ignoring the Correlation
Paul Krugman waxes about income inequality: Apologists for rising inequality often argue that since most Americans’ income has risen despite rising inequality, there’s no reason to complain about...
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Bernanke vs Greenspan?
Submitted by Andrew Fruth of AcceptanceTake Bernanke and Greenspan appear to have differing opinions on whether the Fed will monetize the debt. Bernanke, on behalf of the Federal Reserve, said in 2009...
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Should the Rich Pay More Taxes?
It’s a multi-dimensional question. The left says yes — income inequality has soared in recent years, and the way to address it (supposedly) is to tax the rich and capital gains at a higher rate. The...
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The Shape of 40 Years of Inflation
I have written before that there is no single rate of inflation, and that different individuals experience their own rate dependent on their own individual spending preferences. This — among other...
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