October 2008
152 posts
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Oct 31st
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“I am a most unhappy man. I have unwittingly ruined my country. A great...”
– Woodrow Wilson.  This, along with several other great related quotes, come from a Sean Johnson post.
Oct 31st
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Oct 31st
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"Get Ready for Stag-Deflation" by Nouriel Roubini... →
Hat tip to Greg Mankiw
Oct 30th
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Oct 30th
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“Output from the world’s oilfields is declining faster than previously thought,...”
– “World will struggle to meet oil demand” via the FT
Oct 30th
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Postscript to the Housing Bubble via Mises.org →
Oct 30th
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Oct 30th
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Oct 30th
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Oct 30th
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“The bailout is now the hottest lobbying game in town.”
– “Companies start competing for bailout money” via the AP
Oct 30th
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The French Have a Plan: Introduce More Socialism,... →
hat tip to The Austrian Economists
Oct 30th
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Oct 30th
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"IMF Nuclear Option: 'Print Money'" via Mish →
Oct 29th
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WatchWatch
“If you saw one, you saw them all” — hat tip Mises.org.  Gentlemen, please stop the costly disruptions.  Get out of the way.
Oct 29th
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"Is it Too Late for a Do-Over?" by Matt Welch via... →
Oct 29th
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Oct 27th
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Oct 27th
“This awful catastrophe is not the end but the beginning. History does not end...”
– St. Augustine
Oct 26th
“Call on God, but row away from the rocks.”
– Hunter S. Thompson
Oct 26th
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Oct 26th
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Oct 26th
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Oct 25th
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Oct 25th
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Oct 25th
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Oct 25th
“If something cannot go on forever, it will stop.”
– Herbert Stein, you think now it might be a-stoppin’?
Oct 25th
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WatchWatch
Here is Murray Rothbard’s America’s Great Depression, all 337 pages with an introduction by historian Paul Johnson plus appendix, index, and tables.  Study time.
Oct 25th
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Listen“Cause of Crisis Found.” Hat tip Greg...
Oct 25th
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Oct 25th
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Oct 24th
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"And some things that should not have been...
Both major-party presidential candidates keep spouting their silliness about interventions and disruptions, tax plans and rescue schemes.  If only one of them had the wisdom to call for government to Get Out Of The Way, Dramatically Shrink in Size and Scope, and Stop Doing So Much Horrendous Damage. Even as Senators Obama and McCain prattle on about change, socialism, and the very...
Oct 24th
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"We need a hero" via YTMND →
Oct 23rd
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Oct 22nd
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WatchWatch
Former Federal Reserve Chairman Paul Volcker addressed the Economic Club April 8, 2008.  Watch and listen. One highlight: “Let me remind you that the dollar, after all, is a fiat currency backed only by the word and policies of our government, policies exemplified by an independent central bank committed to maintaining price stability.  The apparent pressure on the Federal Reserve to take...
Oct 22nd
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WatchWatch
“Take it or take it.”
Oct 22nd
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“What caused this? It is a simple question, and yet answers are all over the map,...”
– “Understanding the Crisis” by Lew Rockwell via mises.org recommends good sources for further study.
Oct 22nd
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“…rather than ending with a whimper, Bretton Woods 2 may end with a bang.”
– fascinating stuff per usual from Brad Setser’s “Follow the Money”
Oct 22nd
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"The End of Libertarianism and Other Adventures in... →
Oct 22nd
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Oct 22nd
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Oct 22nd
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ListenDr. Robert Murphy addresses the cause of the...
Oct 21st
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Oct 21st
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Oct 21st
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Oct 21st
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“When John F. Kennedy said in his inaugural address, “Ask not what your...”
– “How to Read the Constitution” from Supreme Court Justice Clarence Thomas via the WSJ
Oct 21st
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“[T]here are really only two ways to interpret the Constitution — try to...”
– “How to Read the Constitution” from Supreme Court Justice Clarence Thomas via the WSJ
Oct 21st
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Oct 21st
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Oct 19th
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“Today I write not to gloat. Given the pain that nearly everyone is experiencing,...”
– “Hedge Fund Manager: Goodbye and F—— You” via Portfolio
Oct 18th