keithfeather

World Recovery Is in the Hands of OPEC

Rokjok must be right, this article has to be tongue in cheek. Ultimately, davidbdc has to be correct, too. I have come to the conclusion, however, that our government scientific minds were trained in liberal arts.

Why Obama's Economic Policies Are Failing

If, before bashing drug companies for profiteering, writers would actually look at the return shareholders have received from owning drug company shares over the last 20 years, they might rethink looking for medical cost reductions from those companies.

What's Happening with Inflation?

A gold standard certainly would come close to taming inflation and deflation. Without the unrelenting pressure from inflation, there would be little push for capital holders to put their wealth to work, as its buying power would never fluctuate substantially. Moderate inflation is necessary to encourage capital to be at risk, and that is what makes a modern economy operate. Knowing that the money under ones mattress buys only 94% of what it could have a year earlier encourages one to invest in equipment and produce goods.

Hyperinflation (uncontrolled or unpredictable) leads to bad investment decisions, similar to 1978. Hopefully this is not a repeat.