Monthly Archives: April 2015

Gaming The Fed

I can say with complete authority that there is not one real economist on the Federal Reserve Open Market Committee. How do I know? I am a real economist and I know political hacks when I see them. The Federal … Continue reading

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Baltimore Riots

Let me remind folks to expect more riots. Why? Laws are not being enforced at the top, especially in the financial sector. In a fascist system criminals get a pass if it is perceived that prosecuting them would be bad … Continue reading

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Markets, Manias, and Weather

James, this is a quote often used today, and for good reason I think. “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, … Continue reading

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Pro Business Vs. Free Market

  In a free market system, Grandma works all her life and saves $100,000 for retirement. She earns 5% per year in interest or $5000.00 per year in terms of dollars. Eventually Grandma dies and leaves $1,000 to charity and … Continue reading

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Fascism an Incurable Cancer

Fascism has many definitions but in all cases there is pervasive cooperation between government and business. Following WWI Benito Mussolini of Italy used the term but most fascist countries fail to identify themselves as such. So far Fascism has destroyed … Continue reading

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The Best of The Best

I make the case constantly the truth has no utility in politics. For one it turns off voters. Secondly, as soon as the truth is told, it is arbitraged into something more appealing. Suppose candidate A tells the truth. Candidate … Continue reading

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Conservative = Liberal

I have decided to stop using the word conservative to describe myself. What does it mean to be a conservative today? It means the person is just a small part of a multitude of idiots who serve as cannon fodder … Continue reading

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Possible Outcomes

Several weeks ago I made the observation that central banks are buying stocks outright in order to keep equity prices moving up. This replaces the older system of working with privateer firms for the same purpose. The change has occurred … Continue reading

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Two Dumbest Political Strategies

There are only three things citizens want from government. 1.) protection 2.) something for nothing 3,) to reap where one has not sewn The proper role of government is to administer justice and this falls under protection. Government providing protection … Continue reading

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Quantitative Easing Has Not Failed!

Today I read a number of comments by mainstream economists who are now saying quantitative easing has failed. There are two reasons for quantitative easing. There is the ostensible reason and the real reason. Quantitative easing for the ostensible reason … Continue reading

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