2007 November

The Real Deficit

Maybe this is why the dollar is rapidly going to hell in a handbasket? When it comes to financial magic, the government of the United States takes the prize. Sleights of hand and clever distractions by purveyors of line-of-credit mortgages, living-benefit variable annuities and equity-indexed life insurance are clumsy parlor tricks compared with the Big .. read more

On November 26th, 2007, posted in: Economy by

Engineering the Dollar

The dollar is a unit of measure that changes on a minute by minute basis. Imagine if other units of measure did the same: The U.S. dollar is in a scary slide. Gold and oil are hitting record highs, while the dollar is hitting record lows. To get how strange this all seems to an .. read more

On November 21st, 2007, posted in: Economy by

Samuelson’s Prescription

Paul Samuelson has done more harm to economic literacy through his Keynesian textbooks than even Keynes himself. He provides a textbook example of Keynesian meddling in this article in the IHT. His first mistake and his political affiliation is on display in the first sentence: All through the years of the Great Depression, Wall Street .. read more

On November 21st, 2007, posted in: Economy by