The government’s role in the housing crisis
The Austrian School is probably best known for its condemnation of government intervention in the marketplace. Interest rates, for example, should be determined by the supply of money available to be...
View ArticleTreasury Secretary Geithner cannot sell his house
Treasury Secretary Timothy Geithner can’t sell his house. Maybe it because he is asking more than the $1.6 million that he paid in 2004 at the top of the housing boom. Housing prices are down, on...
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Don’t fear the robots, fear the Fed.
It’s really quite amazing to see the economic fallacies that are trotted out in support of the central banking/fiat money meme. This recent one attempts to blame rising wealth inequality and economic...
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Stocks in a bubble?
Several renown investment advisors are calling a bubble in stocks. Yet few Americans seem to care what people with hugely successful track records are saying. Stocks are going up, why not get on...
View ArticleA crisis is coming
Listening to analysts and economists who are frequent guests on financial programs, you might conclude that higher interest rates — which the Fed is imposing — will be good for the economy. No, they...
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Excesses at the top
Excesses are signs of economic tops. They readily appear in stocks, real estate, and art. If inflation is running amuck, gold and silver can see excesses. Right now, though, we can be certain that...
View ArticleImpact of higher interest rates/loose money
The stock markets seem oblivious to the Fed’s stated objective of higher interest rates, with some major averages making new highs and other just shy of new highs. However, some segments of the...
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Housing market stalls; gold rises
The housing market is one of the leading indicators of economic activity, and the US market is suffering its longest slump in four years. Sales of previously owned homes fell 3.4% in September from...
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