Category Archives: MONEY

Read Gooding For Those Who Wish To Get Ahead

Thanks to a I see there is some excellent economic advice for free on the web. Click on over, and be a little smarter. For my part, those who tell you that if you just give them your money they … Continue reading

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Stocks At Absurd Levels: WHY?

It is no secret that stock markets around the world are at absolutely irrational levels. I can justify a Dow of 8,000 or perhaps a shade over. The last time I looked the Dow was over twice that, at 16,700. … Continue reading

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“Granpa, If Inflation Is Bad, Why Do Governments Keep Prininting Money”

Why do governments print more money that just enough to buy all the goods and services needed? Sometimes it is by accident, as in the Wiemar Republic. After the First World War, Germany had a great many unemployed people, and … Continue reading

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Food Prices About To Go Sky High

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

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IT’S NOT THE TAXES, IT’S THE “OVERHEAD”

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

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THE ASSOCIATED PRESS OCTOBER ECONOMIC

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

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THE COST OF A POUND OF CANDY

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

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THE FUTURE LOOKS GRIM

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

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DEFICIT FEVER, AND THE RESULT

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

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REITERATION

“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

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