Jakester

Pathology of the U.S. Debt Bubble

Keep in mind those Federal debt numbers do not include unfunded liabilities like Social Security and Medicare!!

Ron Paul on the Economy

We desperately need a younger Ron Paul. I supported him in his 2008 candidacy, but he will be too old in 2012 to go through a brutal campaign and convince voters that a guy in his mid 70s should be elected regardless of his positions.

Analyzing Murphy on Mish's Deflationism

Jonah,

Good article. I had the same misgivings about Murphy's arguments when I read his rebuttal. In fact, if credit is not inflationary, it sort of nullifies the whole Austrian argument as far as I can see.

An Alternative to Schiff's Doomsday Scenario

There was no drought. There were decades of malinvestment created by too easy money. Not a single Keynesian that I know of predicted this correctly. Austrians did and they don't agree with your analysis.

An Alternative to Schiff's Doomsday Scenario

A drought didn't come along, the malinvestment of capital after years (decades) of Fed stimulation did. That's where your analogy breaks down. Who are all the other economic forecasters that got this right and are anything of them Keynesians? Please provide a link to one of these forecasts instead of telling us others predicted this mess. The only ones I know of that got it right were of the Austrian school and they don't buy your argument one bit.

The Shallowest Generation

With a fractionalized reserve banking system that promotes inflation and a tax code that rewards debt and government that refuses to let individuals and companies fail it's no wonder everything is so leveraged up and savings is non-existent.

Curing the Credit Crisis: A Better Alternative Plan

If the problem was just limited to banks this might help. But the problem goes far beyond banks. Also, if FDIC insurance is covered to raise every last dollar, why will depositors flee the banks that are revealed to be shaky? They'll just chase the highest deposit rates. If you want to know which banks are dubious, check their stock price. Indymac had fallen about 98% before it was taken over by the FDIC.