Great chart from Moody’s:

Here is my interview by Tom Woods on the Peter Schiff Show. We discuss gold prices, where is all the inflation, and what central banks are up to.

I have found that when teaching economic principles it is important to raise questions concerning the ethical implications of those principles, the free market, and government intervention. It not only stirs the interest of students, it also helps drive home the intended lessons.

In this interview, Shawn Ritenour and Lew Rockwell discuss the role of ethical considerations and why Christians who ignore the principles of economics, do so to the peril of their own faith.

Here is a video interview of Jim Grant discussing the steep drop in the gold price. He says it was the result of the “structure” of the market. I interpret “structure” to mean who is invested in gold and how are those investments financed, along with “technical” factors. He compares it to the 1987 stock market crash and the 1994 bond market crash.

Interest payments to banks (for money held on account wit the Fed) could rise from $1 billion in 2012 to $77 billion in 2016. Link to Bloomberg article.

Here is a great 5 minute video where David Stockman is interviewed. It provides the historical backdrop of Ronald Reagan and the “deficits don’t matter” Republican ideology. The Fed’s bond bubble is discussed. It would make a great classroom video presentation and discussion.

Most online versions of this video have the host’s final comments deleted.

Many oil-rich countries subsidize the sales of gasoline. Venezuela sells gasoline for less than 2 cents a gallon. The average per capita gasoline consumption is 413 kilograms. In neighboring Columbia gasoline is $4.72 and per capita consumption is 60 kilograms.

I have a new paper with John Chapman and Mario Mondelli, “Private Equity and Entrepreneurial Governance: Time for a Balanced View,” in the February 2013 issue of the Academy of Management Perspectives.

April 15th is a horrible day, because it sums up all the wealth destruction called taxation that we are subjected to all year long.