Article List



Fiat Currency in a Kondratieff Winter

June 15, 2012 – Nikolai Kondratieff (1892-1938) was a Russian economist who theorized that capitalist economies are subject to a repeating ...


Mr. Bernanke goes to college

March 21, 2012 – Earlier this week Federal Reserve chairman Ben Bernanke gave a lecture to students at George Washington University. It was the ...


The Myths and Reality of Gold Confiscation

November 23, 2011 – There are a number of common misconceptions about the gold confiscation foisted on the American people by President Franklin ...


America’s “Jobless Recovery”

November 9, 2009 – The Labor Department on Friday reported that headline unemployment in the United States has now climbed to 10.2%, a ...


It's Still a Depression

August 10, 2009 - Given all the euphoria after the unemployment number was released on Friday, one would think that the economic contraction had ...


Employment in this Current Depression

July 13, 2009 - The chart below  presenting total US employment over the past twenty years was prepared by the Economic Policy Institute. The ...


The Depression Is Becoming Greater

June 29, 2009 - I find the accompanying chart to be very interesting, and it is probably one of the most striking and informative charts on economic ...


Another Great Depression

January 12, 2009 - I don't like to start any new year on a gloomy note. I am by nature an optimist, but I am also a realist who readily faces facts. ...


A Crisis Like No Other

May 12, 2008 - The Bush administration spin artists were out in force on May 8th. With the burst of activity that day, one can only assume that word ...


The System Is Broken

April 28, 2008 - In the last letter I quoted Murray Rothbard to help explain how the practice of keeping only fractional reserves - where a bank's ...


Time to Avoid Leverage

May 24, 2004 - 'Leverage' is a generic term applied to debt that is applied to and used in trading and investment positions. For example, if you use ...

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