The Keynesians and the Capitalists are heading for an economic showdown at the O.K. Corral. Keynesians believe the central government should control the economic levers affecting the masses. The economy can’t be entirely left up to the free market. Big government believers want the “leaders” determining the winners and losers. Controlling reallocation of wealth preserves the power of the political […]
» Read moreChicken Little proclaimed, “The Sky is Falling”, warning all who would listen. Wikipedia tells us, “…Chicken Little … is a folk tale … about a chicken who believes the world is coming to an end. The phrase ‘The sky is falling!’ … (is) … a common idiom indicating a hysterical or mistaken belief that disaster is imminent. Versions of the […]
» Read moreWhen it comes to currencies and inflation, my go to guru is Everbank’s Chuck Butler. Chuck writes the Daily Pfennig which is a must read. He keeps us up to date on the currency markets and his predictions are almost always spot on – generally well ahead of everyone else. Chuck also has a terrific sense of humor. He goes in […]
» Read moreAs I type, the news media is breathlessly awaiting the result of the Iowa caucus. It begins the ritual of citizens believing they are electing the most powerful person on the planet. Each candidate does the same dance. Like Paul Revere they shout that danger lurks ahead. Like Mighty Mouse, just in the nick of time, they are the best […]
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