Hera - All Comments

re: Neil Barofsky: Another Financial Crisis All But Inevitable

nilky — Thu, 20 Sep 2012 23:23:15 GMT

According to Neil Barofsky, another financial crisis is all but inevitable and the cost will be even higher than the 2008 financial crisis.

re: Value Subjectivism and Monetary Instability

JB — Sun, 16 Sep 2012 00:32:26 GMT

I thank you Mr. Hera. This is excellent work!

re: Steve Forbes: How to Bring Back America

Conservative-Libertarian — Fri, 20 Jul 2012 23:49:41 GMT

Great interview! Steve has really come around.

re: Interview: Jim Rickards on Inflation and Currency Wars

Friedrich Dominicus — Fri, 04 Feb 2011 18:16:36 GMT

I do not believe this. I wrote about my predictions today.

mises.org/.../my-predictions.aspx

I've not read it before my writing I just stumbled upon it.

re: Interview: Jim Rogers on Currencies and Inflation

Joe Wagner — Wed, 15 Dec 2010 16:32:28 GMT

Jim Rogers makes a great point regarding the gold standard as a supposed panacea:

"Now, gold has its own problems too. Gold didn’t survive very long either as the world reserve currency since politicians kept changing the rules. Unfortunately, politicians know how to abuse and destroy. One can think of various and sundry solutions. My only worry is that, no matter what mankind has come up with in the past, politicians have always found a way to abuse it and debase it."

Advocates of a gold standard focus on the benefits of gold as money but often fail to acknowledge that when things get rough (e.g. war, recession/depression), politicians can quite easily walk away from the gold standard. While this is not an indictment of the gold standard itself, it does point out that simply adopting a gold standard is not a long term or permanent solution to monetary problems.

Discipline is the key, and politicians can be disciplined with fiat currencies just as they can be with the gold standard. The problem is that the converse is also true.

re: Interview: Eric Sprott on Gold and QE2

Joe Wagner — Wed, 15 Dec 2010 16:21:45 GMT

What are the fees for Sprott's gold fund versus a typical gold ETF?

re: Ganesha and the Price of Gold

Joe Wagner — Wed, 15 Dec 2010 16:14:23 GMT

My guess is that gold would enjoy more credibility for its monetary characteristics among mainstream economists and politicians if gold bugs were less zealous in their idolatry of the shiny metal. Gold bugs are so exuberant that it's hard to have a balanced, rational discussion with them about the pros and cons of gold as a monetary asset. If they were to tone it down a bit, they might find a wider audience, and the prospects for gold as money would improve.

re: Rent Seeking and the Flight of Capital

Prevalent One — Wed, 28 Jul 2010 04:36:27 GMT

Clearly the war is lost. Perhaps a less destructive path would be for Fed to provide price supports for 100's of commodities the "poor" would be able to sell to Uncle Sam. If he were to fund a "Tinny Mae" that would pay a per pound price for all manner of low or no value added goods our cities would be free of plastic, metals, papers so forth. Also, anyone who wants to make blankets, hats, tables, shelves, etc. would have a "Big Govt Customer" at the ready to buy.

Need is irrelevant, there must be value for value exchange for anyone to have dignity and to become a useful productive human. Even though it would be heavily subsidized, there's some real aspect of capitism here, and the more goods that exist that someone can use, the richer we all are.

re: China’s Dragons: Oil, Gold, and the US Dollar

Gabriel Joshua — Tue, 27 Oct 2009 01:09:52 GMT

I think the economy of America for now is recovering, and its a good news because it pulls other countries economy also.

re: Faces of Death: The US Dollar in Crisis

kim — Mon, 12 Oct 2009 11:55:40 GMT

I really hope US will recover from this crisis soon.