moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: american fiscal policy
Interest Rates In Interesting Times
The interaction of cash, credit, asset formation and growth is a complicated and to some extent, an unknowable puzzle. Bill Gross of Pimco points out some useful interconnections in his September 2014 newsletter. Its title, For Wonks Only, is a little intimidating but his… Continue Reading “Interest Rates In Interesting Times”
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How Much Should Gold Sell For?
J.P. Morgan is reputed to have said, “A thing is worth what it will fetch.” That seems objective. Nonetheless, there are two fundamental premises that underlie the statement. Those premises may alter the statement’s “meaning” for you. “What it will fetch” is a synonym… Continue Reading “How Much Should Gold Sell For?”
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What Fiscal Crisis Will Be Next?
The Americans have survived the fiscal cliff. Sadly for them, cliffs usually are found on the side of mountains. What does the fiscal mountain look like? There is a mountain of debt built on a foundation of undeliverable promises and reckless adventurism. The mountain… Continue Reading “What Fiscal Crisis Will Be Next?”
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US Federal Debt Is Unchanged From 1970
Say What!!!??? The current US federal debt is somewhat north of 16.3 trillion dollars. In 1970, the debt was 370 billion dollars. That is hardly the same. It is 44 times greater. If you look only at the number. Upon examination of context, we… Continue Reading “US Federal Debt Is Unchanged From 1970”
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Sell Alaska
No one ever went broke taking a profit. Maybe it is time for the Americans to sell Alaska. Steve Mufson of the Washington Post published this piece on December 14th. To solve our debt problems, let’s sell Alaska His thesis is that Alaska is… Continue Reading “Sell Alaska”
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Maybe The Mayans Are Right
There is not much time left to initiate the proper tactics. One of the people I went to university with is a big-time political operative. He once told me that even when the government does things that look stupid, they know more than we… Continue Reading “Maybe The Mayans Are Right”
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What’s The Big Deal?
Several months ago a restaurant opened here and offered hamburgers made from a recipe that was popular in our first drive-in. (back in the early ’60’s) At the counter, I mentioned to the cashier that $5.49 seemed a lot because the last time I… Continue Reading “What’s The Big Deal?”
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There Is Only One Workable Government Incentive
The American Presidential election has provided us with repetitive rhetoric about how the government will create jobs and renew prosperity. Surely, no one takes these folks seriously. It is hubris and the result is the same as it would be in a Greek tragedy.… Continue Reading “There Is Only One Workable Government Incentive”
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Try It. You’ll Like It.
I have been watching the American election process with some interest. If a Martian appears, I think he will wonder what it is all about. Since he knows everything about democracies and elections, he would be incredulous. From his viewing point, elections are to… Continue Reading “Try It. You’ll Like It.”
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