Tuesday
Jan072014
Old Interview with Murray Rothbard

While this video is of appalling quality, the subject matter was interesting enough to post here.
tagged
Economics

Monday
Jan062014
Dow Is Too High, and Too Low at the Same Time

If interest rates rise or corporate profits drop, the Dow Jones industrial Index will fall. I think this inevitable even though I expect everything to go "sideways" this year.
But yet at the same time the Dow is too low because of inflation over the last few decades. The Dow's purchasing power has declined substantially. Rather than try to reproduce someone else's work, I thought I would link to Charles Hugh Smith's blog where this point is made in charts far better than I could.
tagged
Economics

Thursday
Jan022014