Category Archives: MONEY

With food prices going up every day, ZeroHedge gives us glad tidings of neither comfort nor joy. The Department of Agriculture has cut the corn forecast by 12% – which means the 11 percent a year increase in food prices … Continue reading →

I see a great deal of opposition to a Fair Tax, and almost as much to a Value Added Tax. Since I am all too aware of the drawbacks to a “Value Added Tax,” let me talk about the various … Continue reading →

Report is fine as far as it goes. But it does not go far enough. Yes, we can expect trillion dollar deficits for the next several years. Since the Chinese are very nervous about American deficits, their money machine is … Continue reading →

An economist friend E-mailed me this graph. The long arrow provides a convenient marker for my arrival in this world of woes. Of course, I don’t remember 1933. I do remember buying candy at a confectioners in 1938. In the … Continue reading →

There’s a new government report out that lays out what America’s long term financial future will look like (.PDF WARNING) The Government Accountability Office report really should tell every American just one thing. It’s time for Congress to go home, … Continue reading →

I noticed Japan’s Sumitomo Bank predicts the yen to dollar exchange rate will drop to 50. That is, one buck will buy 50 yen. Right now, the exchange rate is close to 1 buck for 90 yen. A year ago, … Continue reading →

“Assets” can ONLY be created by the sweat of someone’s brow. A chunk of flint is just a rock until someone’s labor turns it into something useful. A stand of lodgepole pines is so much wildfire fuel, until they are … Continue reading →

I clicked on Bloomberg to check the Asian stock prices and was reminded of an old joke about a lease hound who died and went up to the anteroom to Heaven. He was pretty confident of getting in, but he … Continue reading →