Saturday, December 13, 2014

Can the US ever pay off its debt?

Decades of expanding government programs, waste, endless and costly wars, etc. have racked up such an enormous pile of debt that it has become almost impossible to pay it down.-Paying Down The Debt Is Now Almost Mathematically Impossible

Sunday, December 7, 2014

36th Dead Banker of the Year

Geert Tack worked as a private banker for ING and managed portfolios of wealthy clients. The Belgian had a lot of respect in the financial world and was known as an up and top professional. His sudden disappearance was also smashed like a bomb. "If Tack himself was having trouble he has managed to keep it well hidden", say colleagues.- "Riddles" Surround 36th Dead Banker Of The Year


An intractable economic condition that inevitably arises as excessively issued fiat currency compulsively pursues non-productive wealth assets in a grossly over-leveraged economy, which has been artificially reflated by monetary authorities in a misguided attempt to synthetically engineer growth via extreme monetization.

This effectively prevents the real economy on the ground from realizing the healthy normalization and natural balance of free market forces necessary for genuine capital formation, which is essential to generating legitimate and sustainable economic growth. Read more: StealthFlation – Defined

Holiday Chip of the Weekend: Pringles Cinnamon Sugar Tortillas

I really liked those Pringles Pecan Pie ones. Those were so good I never should have opened the package because I ate them all in one sitting. But that was last year...

Saturday, December 6, 2014

Not Saying Much

To say that most cops don't murder people or steal private property or beat up people who've done nothing wrong is not saying much, because ALL cops work in organizations in which some cops do commit these wrongs; and they go right on working with the malefactors, doing nothing to expose them or to bring them to justice. Cop solidarity is legendary, as is the power of police unions. Anyone who works for such organizations is part of an evil enterprise -- not evil by happenstance (after all, some evil may be committed in any type of organization by someone associated with it), but evil systematically by virtue of the monopoly of violence such police organizations possess and their members' capacity to commit evils without being punished for them in nearly all cases.
All of the foregoing, moreover, is in addition to the fact that every cop commits himself to enforcing all the laws, and some of those laws are manifestly wicked, being clear violations of people's natural rights, among other things.-Robert Higgs
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