I had gradually reset upward the Minimum Threshold Value knobs of the Mogambo Fed Credit Alert System since things started getting whacky and it kept waking me up, alarm bells going “clang, clang, clang” in my ears, depriving me of sleep, but also from the lack of sleep caused by shutting one’s eyes and seeing the sheer horror of what will happen as a result of the Federal Reserve creating So Freaking Much (FFM) money.
[Read more...]Economic Recovery: Demanding More Purchasing Power
February 8, 2010 By Leave a Comment
What a delight it would be to have some inflation! Yes, dear reader, that’s the real reason that fiscal stimulus appears to work. That is, that’s the reason inflation can sometimes boost employment. It creates inflation. And inflation lowers wages. Lower wages make it cheaper to hire people. And they make US output more competitive on the world market – so exports tend to increase.
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Combating Annuities With Gold, Silver and Oil
People are always writing me and asking questions, which can usually be divided into one of two categories. The first category is the one that I call “Is there something wrong with you that you sound/look/appear so stupid/ugly/weird?� (Answer: “Probably�), and the other, smaller category is the one I call “Other.�
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