The glee was palpable in the air as financial commentators pointed to gold’s 9% drop last week. The sub-text of their observations was: didn’t we tell you that gold has no inherent value and that its price has only been catapulting higher because of a coterie of momentum chasers and central bank...
The Cato and Fraser Institutes have just released the 2011 edition of the Economic Freedom Index. An executive summary can be linked to here. The most noteworthy finding, though not all that surprising really, is that the average level of freedom around the world has fallen since 2007 after rising from 1980. ...
Predictions always abound, but these days they are utterly ubiquitous — Greece is going to default, the Euro is going to implode, the US is heading into recession, President Obama is going to be a one-term President. What exactly are the odds of any of these happening? As we’ve explained before, forecasting...
One can always tell someone who has been influenced by the postmodernist mantra that language dictates thought and reality (the latter two are coterminous in the postmodern view) when they focus on the meaning of key terms as their primary technique to comprehend an issue. For if our conceptions of reality are...
From Yahoo Finance The Governing Council of the European Central Bank has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year,”...
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