Howard Ruff has returned with a new book, Safely Prosperous or Really Rich: Choosing Your Personal Financial Heaven, and another recommendation to buy gold. Hey, it was lucky for him in 1975, maybe it will work for him again to sell three million books.
Bill Buckley and Irving Kristol revealed why they are not drawn to free-market logic: they find it dull. But economics is no more dull than life itself, writes Lew Rockwell.
What the prophets of the new housing paradigm don't discuss, writes Mark Thornton, is that real estate markets have experienced similar cycles in the past.
Frank Quattrone sent a 22-word e-mail to his employees reminding them of an existing policy. Now he is going to jail for it, writes Chris Westley.
Stock markets continue to head lower this morning. Certainly one of the catalysts is the prospects for higher interest rates.
Deflation was the great threat that never materialized, writes Gardner Goldsmith. The dollar still sinks in value.
The US government is the world's largest debtor with deficits feeding debts that pile on in increasingly larger numbers of numbing proportions, writes Christopher Mayer.
Industry concentration is not usually a problem in the free market, writes Christopher Mayer. But the banking industry is hardly free.
Grant Nülle tells the story of a nation ruined by debt, fiscal profligacy, and paper money—with the IMF and the US as the enabler.
So Greenspan says that Freddie Mac and Fannie Mae are so big and so out of control that they represent a threat to the whole financial system. Well, asks Frank Shostak, just how does Greenspan think they got to be that way? Might it have something to do with a central bank that guarantees the life of not only these two institutions but every bank in the US?
