Monthly Archives: February 2012

Money, Wealth, Inflation and Hyperinflation

What is money, how does it relate to wealth, what causes inflation and how does the Fed try to control it and stimulate investment? Money is a medium of exchange and a store of wealth. Suppose you have horses and … Continue reading

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Can Monetary Policy Reverse our Economic Decline?

USA Inc’s 36% share of global income in 1969 fell slowly over the next three decades to 31%, then plummeted to 23% in 2010.  Half of the loss since 2000 was before the Great Recession.  IMF data also shows our … Continue reading

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Employment and Wage Trends

Unemployment is very high but currently dropping, length of time unemployed is very high and still growing, and real wages that were flat for decades are now dropping. Unemployment is below the peaks in Oct ’09, May ’75 and Dec … Continue reading

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The Financial Future of US Defense

I learned an important lesson 29 years ago – a financial model shows which parts of a business plan must be changed.  The same technique shows what parts of public spending must change, not how, just that they must. I’d … Continue reading

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Let’s Not Invade Iran

Many Americans from far left to far right share a horrifying belief.  The following is from a libertarian website I read to understand conclusions I usually don’t accept.  In this case I do.  We must change direction. “the entire zeitgeist … Continue reading

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