Ron Paul constantly reminds us that money is created out of thin air, which is to say it’s an illusion. Therefore, the debt must be an illusion too, correct? Yet, fiscal conservatives still use the debt as a tool…
Is Barack Obama trying to play a joke on all of us? The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for…
In this issue of The Institutional Risk Analyst, Richard Alford, Christopher Whalen and members of the Herbert Gold Society opine on the Fed’s attitude toward veracity and transparency in an age when confidence is the paramount policy concern. In…
The TBAC (Treasury Borrowing Advisory Committee) report is out and it’s nasty. Key is here: The OMB, by the way, projected five trillion in surpluses in 2000. That is, a net debt of near zero over ten years. Do you…
“And the great owners, who must lose their land in an upheaval, the great owners with access to history, with eyes to read history and to know the great fact: when property accumulates in too few hands it is…
