Perhaps finance guru Jim Rogers was correct when he said that central banks around the world are facing high levels of inflation. This, according to Rogers, would lead to the evisceration of the savings class. In the past 24 hours, several nations and experts have confirmed higher inflation for at least the short-term. Although the […]
Archives for March 2013
Dollar collapse may be imminent as states look to use gold, silver as currency
The state of Arizona is concerned about the decline of the United States economy and the value of the U.S. dollar that is being debased by the Federal Reserve System. With S.B. 1439, state senators voted in favor of making gold and silver coins legal tender in Arizona. According to lawmakers, the state legislation would […]
Bitcoin: Can a private digital currency circumvent the government?
In a fascinating interview Tom Woods talks with Erik Voorhees of BitInstant about Bitcoin. Bitcoin is a digital currency as well as a global payment network for that currency. It is not unlike other currencies around the world like the dollar and euro but with the important exception that it is private and there will […]
$100,000 pledged to food bank for Paul Krugman to debate an Austrian economist
There are two major competing schools of thought in economics today. Keynesianism (named after the economist John Maynard Keynes) is the predominant dogma advising governments and central bankers around the world and has been for decades. Keynesians such as Paul Krugman and Chairman of the Federal Reserve Ben Bernanke advocate fiscal and monetary stimulus programs […]
Visualizing debt in the United States: Infographic
The below infographic gives an interesting visual of the amount of debt held by Americans, including the U.S. federal government’s debt. Though the numbers used in this graphic are the official government numbers – the real national debt is many times more than this. Nevertheless it is interesting that under the payoff rates section the […]