Monty Pelerin's World

ObamaCare Showdown with Judge Vinson

Monty Pelerin — Fri, 11 Mar 2011 00:57:00 GMT

In a post a couple of days ago entitled ObamaCare -- The Final Straw That Keeps on Giving I speculated on the possibility of impeachment for violation of the oath of office for any Congressperson voting to expend funds on what was declared an unconstitutional...(read more)

Madison is Merely the Opening Act

Monty Pelerin — Fri, 11 Mar 2011 00:54:00 GMT

Madison, WI may be taking up most of the domestic headlines with its budget battles, however that will change. All states and municipalities are, to various degrees, similar to Wisconsin. Government spending is not sustainable. The fantasy world of the...(read more)

Economic Mess is Structural Not Cyclical

Monty Pelerin — Fri, 11 Mar 2011 00:51:00 GMT

[caption id="attachment_9670" align="alignleft" width="97" caption="Chris Martenson"] [/caption] [caption id="attachment_16437" align="alignright" width="100" caption="John Williams"...(read more)

The Canary is Dying and So Is Our Future

Monty Pelerin — Fri, 11 Mar 2011 00:45:00 GMT

Wikipedia describes the use of animals as early warning sensors. Canaries were used by miners: The classic example of animals serving as sentinels is the canary coal mine. Well into the 20th century, coal miners in the United Kingdom and the United States...(read more)

Lazy Man's Guide to Mises

Monty Pelerin — Wed, 23 Feb 2011 11:27:00 GMT

The name Ludwig von Mises is synonymous with classical liberalism. He was an unrepentant champion of freedom and free markets. His beliefs, unlike so many of us, were not something he inherited from his parents or society. Many he obtained from others...(read more)

Hyperinflation is a Small Price to Pay

Monty Pelerin — Wed, 23 Feb 2011 03:12:00 GMT

The US is hurtling toward out-of-control inflation while the political class tries to convince the hoi polloi that inflation is not a problem. Government-generated CPI data show tame inflation. Federal Reserve Chairman Ben Bernanke claims deflation, not...(read more)

Faking Our Way to Sovereign Bankruptcy

Monty Pelerin — Wed, 23 Feb 2011 03:10:00 GMT

As political events in Egypt play out, including likely contagion to other parts of Africa and the Middle East, attention is diverted from the real threat to our country -- government insolvency. From Jeff T. Allen, writing in American Thinker : There...(read more)

Bernanke’s Cowardice Has Sealed Our Fate

Monty Pelerin — Tue, 09 Nov 2010 23:08:00 GMT

Proper formatting of this article can be found on author's website at www.economicnoise.com The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. Friedrich Hayek The day...(read more)

Keynes as "Useful Idiot"

Monty Pelerin — Thu, 02 Sep 2010 01:17:00 GMT

The milk of American politics may be money, but the fuel for American socialism is Keynesian economics. Keynesianism’s inherent bias toward bigger government has made it the indispensable tool for statists around the globe. Politicians' natural wont...(read more)

Desperate Economic Action Ahead?

Monty Pelerin — Tue, 10 Aug 2010 22:20:00 GMT

Aug 10 2010 The Apocalypse The economic condition of the country continues to decline toward its rendezvous with an, as yet, unknowable catastrophe. Speculation regarding this outcome is natural because self-interest, if not self-preservation, is at stake...(read more)

Walter Williams, American

Monty Pelerin — Tue, 03 Aug 2010 17:41:00 GMT

I recommend highly an interview by Daily Bell with Dr. Walter Williams. The interview conveys what Dr. Williams is about and what America is supposed to be about. Very worthwhile and he is a breath of fresh air and sense. Daily Bell described Williams...(read more)

The Pretence of Knowledge

Monty Pelerin — Tue, 03 Aug 2010 12:13:00 GMT

The "Pretence of Knowledge" was the title of economist Friedrich Hayek's 1974 Nobel speech . In his first few sentences, he described the then-prevailing economic condition in words appropriate to today: ... [this economic condition] has...(read more)

Inflation: The Last Gasp of the Obama Economic Crisis

Monty Pelerin — Tue, 03 Aug 2010 12:06:00 GMT

Inflation: The Last Gasp of the Obama Economic Crisis Inflation is neither strategy nor solution; it is the last gasp of a desperate ruling class. Inflation is the inevitable ending of this awful economic crisis. The only questions are how much and when...(read more)

Our Patrick Henry Moment is Here

Monty Pelerin — Sun, 01 Aug 2010 15:34:00 GMT

Our Patrick Henry Moment Is Here By Monty Pelerin Obama's election was supposed to transform America, at least in his mind. This country's first socialist president strode into office confident that he would remake this country. Fortunately for...(read more)

Final Post

Monty Pelerin — Sun, 02 May 2010 20:21:00 GMT

I have been very frustrated by the site behavior at Mises.org. It is perhaps the best site on the web as a result of its enormous content. Unfortunately, I can no longer post on this site because of the inability to cut and paste from my site. It is not practical for me to re-write my content in order to submit it to Mises.org. I have no idea what has changed, but am unable to get any response from the webmaster or anyone else. If things are ever corrected, I will post here again. I want to thank those who followed my posts and communicated via comments or direct emails. In the meantime, I intend to post to my own site only at www.economicnoise.com If anyone has a solution to this problem which developed about a month or so ago, I would be pleased to hear from you. Monty Pelerin at montypelerin@gmail.com