Tuesday, November 23, 2010

The Good Goldman Suggests Deflation

David Goldman aka Spengler has not been on the inflation/hyperinflation bandwagon. When it comes to politics, Goldman's predictions frequently miss. However, he does seem to have a reasonably good map of the higher elevations in finance, and for that reason, I offer his view of the coming "chill wind of deflation". There's a link to his 11/15/2010 post in the linked article.

You can check live gold prices here.

Tuesday, November 9, 2010

The Price of Political Cowardice

Here's what happens when you buy votes with other people's money.

Bernanke's Cowardice Has Sealed Our Fate.

I think "sealed our fate" might be overly dramatic, but it is certainly setting us up for extraordinarily difficult times. Central banks are bad ideas. Some of the concepts of Distributism are starting to grow on me.

There are other ways to go. Note in the comments that some believe there should not be as much animosity between the Austrians and the Distributists as might be imagined.