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We never completed our reflections on why you need a refuge…a place to retreat…a family stronghold. As society becomes more complex, each man depends...
How Fear of Economic Shock Drove China’s State Control and Forex Hoarding
In an interview by The Browser discussing Yasheng Huang’s book, Capitalism with Chinese Characteristics: Entrepreneurship and the State, Northwestern University...
Illinois is No Peter Pan
“I’ll never grow up, never grow up, never grow up, Not me!” – Peter Pan, Lyrics from play “I knew Peter Pan and you’re no Peter Pan.” – Vice-Presidential...
The Economic Flop that Was 2010
The year is almost over. Time to write the obituaries. What kind of year was it? A flop. A failure. A loser. Just like we said it would be. It was a “year that...
Why the Government Hates Deflation
Being the naturally cynical type of guy that you would expect from someone so angry, so depressed, so outraged, so paranoid and so “Howard Beale” (“I’m as...
Myriad Responses to the Global Financial Crisis
Yes, dear reader…we are on the job. Reckoning away… And we are spoiled for choice this morning…so much to reckon with. First, let’s begin with...
The Madness of Inflating Away the Debt Burden
I get really tired of hearing how “inflation reduces the burden of debt,” which I say is a Gigantic Load Of Hooey (GLOH). And the fact that I say it with a loud,...
Looking Back on the Grasshoppers’ Indian Summer
It was as though the winter would never arrive. The slumbering summer stock markets of 2010 lept to life. September recorded the best market month since 1939. In...
All Eyes On the Fed: Awaiting Bernanke’s Decision
The world waits… Stocks barely budged this week. Gold bobbed around like an anchorless sailboat, adrift in a vast ocean of guesses, speculation and rumor....
Markets React to the Death of Néstor Kirchner
The city is deserted. Shops are closed. Cafés are empty. Parks and playgrounds stand idle, their trees and swings blowing gently in the soft spring breeze. Today...
IMF-G7 Weekend Will Just Hurt the Dollar More
Central bankers and finance ministers from around the world are converging on Washington, DC this weekend to discuss, among other things, the global wave of currency...
A letter to Senator Scott Brown – The Fed’s Political Interference Must Be Stopped
The Honorable Scott Brown United States Senate 317 Russell Senate Office Building Washington D.C. 20510 Dear Senator Brown: I am a constituent who would like to...
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