huskerbob

The Economy on Dope: Investors Fear Inflation, Embrace Gold

Bravo! Excellent article. Expect a lot of vitriol from Paulson and Bernanke sycophants who somehow find genius in making our own Japanese lost decade, albeit on a scale almost unimaginable.
You made a good point that people are abandoning the twilight zone economy for things of more substance: energy, gold, medicine, food.
The lot represented by Paulson and Bernanke, alchemists who tried to make something from nothing and destroyed the economy doing it, are on their way out. Expect them to make an even bigger mess of things before they are thrown on the sh#t heap of history.

Impending Inflation? The Global 'New Deal' All but Guarantees It

In an extended deflationary situation, how will the U.S. service its massive debt? Would it even be possible? They would probably have to print more money just for that purpose. Wouldn't the erosion of the ability to service that debt lead to a weakening of the dollar and massive price inflation?
Beyond that, the Fed and Treasury working together should be able to get inflation back on track. They destroyed 90% of the dollar's value so far, what makes the last 10% so special?

Questioning the Link Between Commodity Wealth and Oppression

LCACM - are you saying that eskimos have the highest average intelligence? Very cold, very few resources. Are Texans dumber because of their abundant resources and hot weather? Hmmm... maybe your comment isn't as Friedmanlike as it appears at first glance(Just kidding Texans!).

Questioning the Link Between Commodity Wealth and Oppression

I did't see a mention of the end user's support of oppressive governments. Would we have military advisors in Nigeria if the price of oil was $20/barrel? Would we have supported Suharto, Hussein, or others without their valuable commodities?
The US is a major oil producer. Where is our graph with a little point denoting the USA PATRIOT act? More shallow piffle from Friedman. Does anyone take Mr. "Give war a chance" seriously anymore?