Seng

Inflation vs. Deflation: Pick Your Poison

Inflation is theft of purchasing power and nothing less. It disproportionally hurts the poor and fixed wage earners who get stuck with the 'new money' last. To think that is the recipe to solve our economic troubles is asking for political upheaval.

Too Soon to Judge Current Stimulus Package

Any way you cut it, stimulus won't work. Any monies used to 'stimulate' the economy has to be taken out of the productive economy first, through taxation, borrowing, or devaluation. Of that amount, there is a bureaucratic cost in the disbursment of the funds, and you are generally engaging in negative NPV projects (ones the private sector does not see benefit to completing). Based on those factors alone, you can pretty much guarantee that the stimulus will be a net destroyer of wealth. Anyone who seriously believes that destroying wealth will help bring more wealth should start sending me their savings immediately.

Treasuries Are Toast: Foreign Buyers Losing Interest

EMS News - Wasn't 1921-1923 a recession where the government did very little compared to the New Deal and today?

Barney Frank Wants to Regulate Your Pay

Yet another reason to avoid being a public company.

How to Value a Commodity

What is he using as inflation rate? The BLS' CPI number?