Can President Obama “Fix” The Economy?

On December 1, 2008, the National Bureau of Economic Research (NBER) made the shocking announcement that the U.S. economy is in recession. In fact, NBER says we’ve been in a recession since last December. That this was considered “news” is yet another indictment of the mainstream media. Who exactly didn’t know that the . . . → Read More: Can President Obama “Fix” The Economy?

Inflation, Deflation, Recession

We all know what inflation is, don’t we? Sure, we know, it is rising prices. Is it? Why? What is the reason for higher prices? And, more important, do the prices really rise? Compared to what?

Have I confused you? Good. Time to talk a bit about the foundation of money.

What . . . → Read More: Inflation, Deflation, Recession