Category Archives: News/ Lessons

Re: A Lesson From 1987,Unlearned by Wall St. Dear Sirs: Mr. Norris’ discussion of the role played by the then novice use of high speed computer trading in the 1987 stock market crash is merely a side show to the … Continue reading →

Re:  A Golden Solution for Europe’s Sovereign-Debt Crisis The author, Stephen Fidler, is off the mark, but the significance of his article is that he advises using gold as a solution.  The over-indebted countries do not need to find ways … Continue reading →

As impressive as are the visual graphics below of the U.S. government’s deficit, they do not convey the individual American’s responsibility for this debt. For example, how much of the federal government’s ANNUAL deficit is each American citizen required to repay–with interest, of course–in … Continue reading →

Here are two good article about the real work yet to be done by the EU.  These articles reflect the original purpose of the EU as a voluntary organization of sovereign states that would cooperate to reduce trade barriers in … Continue reading →

In this interview Mr. Egon von Geyerz says something that is very insightful; i.e., that the demand for gold will increase DESPITE interventions to drive down its exchange value vis a vis fiat currencies. In fact, the more governments try … Continue reading →

Re: Income Inequality May Take Toll on Growth Dear Sirs: The fallacy that equality of incomes and wealth are just and beneficial goals of society to be advanced by “an aggressive series of changes to tax and spending programs” cannot … Continue reading →

by Godfrey Bloom, member of the European Parliament History’s greatest propagandist, what a singular honour, Josef Goebbels warned all politicians if you wanted to lie to be believed it had to be a whopper. The Nobel Prize committee have certainly … Continue reading →

From today’s Open Europe news summary: German Finance Minister: “In one way or another, we’ll change the EU Treaties”; UK criticises for calling for swift euro crisis resolution while threatening to veto further integration DPA reports that German Finance Minister … Continue reading →

Zhang Weiying: China’s Anti-Keynesian Insurgent This is an excellent article from the Wall Street Journal’s Abheek Bhattacharya about the rise in China of an Austrian school economist.  China’s free market reforms were sidetracked by a resurgence of Keynesian stimulus.  But … Continue reading →