Government

Lessons from TARP Boss Neil Barofsky

By Bill Bonner Yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program. You remember TARP? It was the feds’ $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we [...]

Experimental (Reckless) Monetary Policy

In the following article Bill Bonner makes some excellent points about the problem with the current monetary policy. The first is that it is totally ludacris to try to buy real goods with fake money. It has to cause distortions in the overall economy. “People make different decisions when they can borrow for practically nothing… [...]

Could a Raise in Minimum Wage Trigger Inflation?

Here at Inflation Data we believe that all other things being equal the primary cause of inflation is an increase in the money supply, i.e. “too much money chasing too few goods.” But raising the minimum wage may cause other distortions that will have an effect on the economy so that one simple stroke of a pen can still have [...]
By Douglas French Laissez Faire Club Only in government speak can more = less We thought for sure the shrill cries of Sequestration hell, fire and brimstone were going to get Congress to hit the panic button and reach a deal. As such, they didn’t. And while sequestration takes effect, we’ll leave you with this one [...]

Gargantuan and Growing: The US Debt Figure You’ve Probably Never Heard Of

The widely reported $16.1 trillion federal US debt is a drop in the bucket Financial transparency is a must for U.S. publicly traded companies. But if the federal government had to abide by those same regulations, more Americans would know that the often-reported $16.1 trillion federal US debt doesn’t come close to the truth about [...]

What are “Foreign Exchange Reserves”?

Will the U.S. Dollar Be Replaced as the World’s Reserve Currency? Foreign Exchange Reserves are foreign money held by International banks for use in international trade and in an effort to diversify their holdings and hedge against the inflation of their own currency. The most common items bought and sold with their foreign exchange reserves [...]
Inflation Indexed Bonds (aka i-Bond)- Although inflation is currently low it is still a key concern for investors, because with interest rates at record lows and the FED promising to keep them there for the foreseeable future even a small uptick in inflation can prevent an investor from achieving a real return on investment, as [...]

In 1929, Deflation Started in Europe Before Overtaking the U.S.

Marcus Aurelius was the last of the “Five Good”  Roman emperors and is also considered one of the most important members of the Stoic philosophers. He ruled Rome from 161 to 180 AD.  He brilliantly said, “Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.” [...]
By Dan Steinhart, Casey Research The US has too much debt. This is no longer a controversial statement. Some may believe other problems are more urgent, or that we need to grow our way out rather than slash spending. But even the most spendthrift pundits acknowledge that the debt-to-GDP ratio of the US must decrease [...]
With interest rates still at record lows, many people are looking for alternatives to savings accounts.  US Savings Bonds are a safe and smart investment choice.  No other investment carries the full weight of the U.S. government. The U.S. Treasury Department guarantees investors will receive their full principle plus interest.  Consider why purchasing savings bonds [...]