Saturday, December 10th, 2016 MST

Yearly Archives: 2010

Mises Phoenix Seminar Review

The seminar was as stimulating and informative as expected.  What surprised me was the humor with which most speakers delivered such important and grave messages.  The seminar also was as well-run as I expected. The talks can be downloaded from the Mises website. The links are provided below.  Further, CDs will be available at a

Inflation endangers more than your pocketbook

Many Americans are buying gold and silver as hedges against a feared decline in the value of the dollar.  Considering that the current fedgov fiscal year deficit is forecast at $1.75 trillion, buying the metals seems a prudent move as a devastating decline in the dollar is almost a certainty. But, too many Americans do

Moody’s warns on US credit rating; Standard & Poor’s warns B of A and Citibank.

A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank. Standard & Poor’s, one of the world’s top two credit rating agencies, says that as proposed, the rules would make it less likely that the banks would be bailed out by taxpayers if the bank ran into trouble again.

Zimbabwe defaults; US raises debt ceiling limit

In moves that should have surprised no one, last week Zimbabwe defaulted on debt repayments and the United States raised its debt ceiling limit to avoid defaulting. Zimbabwe owed Caledonia Mining a mere $3 million. Because the debt was in US dollars and could not be printed (at least not by the Zimbabwean central bank),

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