Tag Archives: Economics

What the Fed Can Learn From the McDonald’s Dollar Menu

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“We live in parallel universes. Federal Reserve Chairman Ben Bernanke is said to have a healthy concern about deflation. McDonald’s franchisees, on the other hand, not so much.  The chain of Golden Arches fame will give up its Dollar Menu after 11 years, renaming it ‘The Dollar Menu & More’ next month. It turns out you simply can’t make a buck selling burgers for a buck. It must be hard to give up on such an amazing marketing gimmick, generating one-seventh of all sales since its inception. If Ben Bernanke is paying attention, he is no doubt thrilled to hear about rising price pressures.”

http://lfb.org/today/what-the-fed-can-learn-from-the-mcdonalds-dollar-menu/

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In Fed and Out, Many Now Think Inflation Helps

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“Some economists say more inflation is just what the American economy needs to escape from a half-decade of sluggish growth and high unemployment.  Economists, including Janet Yellen, President Obama’s nominee to lead the Fed starting next year, have long argued that a little inflation is particularly valuable when the economy is weak. The school board in Anchorage, Alaska, for example, is counting on inflation to keep a lid on teachers’ wages. Retailers including Costco and Walmart are hoping for higher inflation to increase profits. The federal government expects inflation to ease the burden of its debts. Yet by one measure, inflation rose at an annual pace of 1.2 percent in August.”

http://www.nytimes.com/2013/10/27/business/economy/in-fed-and-out-many-now-think-inflation-helps.html?hp&_r=0&pagewanted=all

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Drugs, Inc. – Marijuana [2011]

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“Cannabis is the most widely used illicit drug on the planet, and now a quasi-legal industry worth billions of dollars is booming.”

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Jeffrey Tucker on Bitcoin, Digital Anarchy, Socialists, Equality, and More

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Mark Spitznagel expecting a 40% stock market crash

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“Mark Spitznagel is calling for 40% correction in the markets within the next 52wks. Here he is being interviewed by CNBC’s Maria Bartiromo.”

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How Thailand’s Botched Rice Scheme Blew a Big Hole in its Economy

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“The plan was simple: Thailand’s government would buy rice from local farmers at a generous price, some 50 percent above the market rates. It would hold the rice in warehouses, cutting off exports to the rest of the world. The sudden shortage from the world’s heavyweight champion of rice exports would cause a spike in global prices.  It was Thailand’s great misfortune that exactly one week after it slashed exports, India lifted its export ban, flooding the market with 10 millions tons of rice. Rather than orchestrate a price hike, Thailand helplessly stood by as global prices sank.  Moody’s warned that the program could swallow up an astonishing 8 percent of the national budget.”

http://world.time.com/2013/07/12/how-thailands-botched-rice-scheme-blew-a-big-hole-in-its-economy/

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Finally, the End of Keynesianism

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“Are you a Keynesian? So many seem to be. Do you really believe that a properly functioning, mathematically literate approach to high finance can salvage what’s left of the financial systems of the US, the West, the entire world?  Top central bankers apparently don’t. Just look at this article excerpt. They’ve retreated from the idea of tapering until 2014 and Peter Schiff was probably correct that they won’t really taper at all because they can’t.  That should put an end to Keynesianism, though probably it won’t. The technocratic meme of money control is the most cherished of all dominant social themes.”

http://www.thedailybell.com/news-analysis/34695/Finally-the-End-of-Keynesianism/

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Doug Casey & Jim Rogers Legendary Investors’ Roundtable

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“Jim and Doug discuss today’s world economic and financial situation within the context of financial history and past financial panics.  Jim and Doug talk about central planning, central banking, big government and how governments have only 3 real options to raise money.  Next, Jason asks Doug and Jim about competing currencies like Bitcoin, gold and silver and whether they will be allowed under any circumstance.  Jason asks Jim and Doug about the turmoil in the currency and bonds markets.  Doug and Jim also talk about commodities like farmland, cattle, gold and other natural resource investing opportunities.
Jim Rogers was in Singapore and Doug Casey was in Argentina.”

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What Government Schools Can Teach Us About Government Health Care

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“Imagine a politician proudly advertising his new plan to underpay teachers! Yet this is the argument made by single-payer health care boosters, with the word “doctors” implicitly substituted for ‘teachers.’ The Economic Policy Institute (EPI), for example, has published several studies arguing that public school teachers are somehow paid below-market levels and that this has dire consequences for classroom learning. But the EPI also touts its public health insurance plan, which would use ‘concentrated purchasing power’ to force provider prices below market levels. In other words, underpaying teachers is bad, but underpaying doctors is good.”

http://www.forbes.com/sites/realspin/2013/10/23/what-government-schools-can-teach-us-about-government-healthcare/

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“Affordable Housing” Rules Result in Opposite

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“Garvey’s World Homes was eventually driven out of the countries in which it operated by rising anti-Americanism, and the realization by politicians that their purposes would be better served if they were seen as the source of housing for the poor—not some greedy apitalist developer.  Similarly, politicians promoting ‘affordable housing’ mandates today disregard the actual record of such legislation and tout themselves as saviors for housing shortages increasingly of their own creation.  The simplest way to improve access to affordable housing is to let builders add to the supply of housing, regardless of the price they hope to charge.”

http://www.independent.org/newsroom/article.asp?id=4768

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