Category Archives: News/ Lessons

Re: French Socialists, Under Fire, Display a Lack of Fraternite Dear Sirs: There are only two ways to improve competitiveness.  One, work longer.  But France chooses not to adopt this option.  Two, extend the division of labor.  This one has … Continue reading →

I highly recommend that you read the essay belowby Jan Skoyles about why any country might desire to repatriate its gold holdings.  Germany is correct in taking possession of its gold.  This is nothing more sinister than exercising rational self-interest.  … Continue reading →

I suggest that you read this short essay by Matthew Lynn.  If nothing else read his reason number three, copied below, why the Gemans want their gold back (my emphasis in red): 3) Most importantly, German sentiment is hardening against … Continue reading →

Re: Euro Survives, But Future Is in Doubt, by Floyd Norris Dear Sirs: Mr. Norris makes many good points about the euro-debt crisis; however, like many other pundits he assumes that currency devaluation is a “normal prescription for countries in … Continue reading →

Re: Better Ways to Deal with China Dear Sirs: Eduardo Porter’s recommendations for “dealing with our trade deficit with China”–a multilateral approach using carrots and sticks–assumes that China’s manipulation of its currency causes harm to its trading partners.  It does … Continue reading →

Re: Obama Criticizes Romney Plan See my comments at the end of the Daily Iowan report.  Unfortunately, neither candidate is discussing reality, which is that they have no way to make the economy do their bidding other than by restricting … Continue reading →

Re: Amid Barrage of Attack Ads, Considering Tighter Rules Dear Sirs: Free speech is constantly under attack by incumbents of all stripes.  After all it was John McCain, a Republican, and Russ Feingold, a Democrat, whose names are synonymous with … Continue reading →

Watch this excellent video titled “Fraud: Why the Great Recession“. It is an hour and six minutes long, but it is worth every minute. It is important to watch it to the very end, even after the credits start to … Continue reading →

by Benjamin Marks, Capitalism.HK and Economics.org.au editor O fortunate age! O happy times! in which shall be made public my incomparable atchievements, worthy to be ingraved in brass, on marble sculptured, and in painting shewn, as great examples to futurity! … Continue reading →

In this interview Max Keiser’s guest, Dr. Michael Hudson, discusses Shiela Bair’s new book, which claims that our monetary system is under the control of a Wall Street “mafia”.  She ought to know, because Sheila Bair was head of the … Continue reading →