Tag Archives: gold

Gold Price Plunge: Gold Theory and Gold Reality

Right wing “gold bugs” take note. Maybe Glenn Beck is wrong. The New York Times reports today that gold bug theory and gold reality have been diverging of late: The price of the metal has been undergoing extraordinary reversal from a decade-long rally. … Continue reading

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Running with Scissors: Why the Debt-Ceiling Deal is a Victory for the Tea Party and Barack Obama

I don’t like the Tea Party’s social conservatism, but its libertarian impulses are proving to be extraordinarily good for America’s long-term economic health—and Barack Obama’s prospects for reelection. Barack Obama ought to be crowing right now (and he most certainly … Continue reading

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Max Keiser on the “Blind Cult of America”

Max Keiser’s money program is uneven in quality and alarmist catnip for gold bugs, but this recent episode is mildly entertaining (though I don’t like his anti-intellectual populist posturing against Nobel Prize winning economist Paul Krugman). Max Keiser presents himself as a truth-teller bravely … Continue reading

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California is Spain: A Debt Crisis Looms for the Golden State

This is front page news in the New York Times today, and, as a California resident, it’s alarming: [M]any state and local governments have so much debt — several trillion dollars’ worth, with much of it off the books and largely … Continue reading

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Greg Easterbrook Looks on the Bright Side of American Life

A little reminder, from Greg Easterbrook, that life in America is actually pretty good and getting better: Since roughly 1975, when middle-class income gains began to stagnate, lifespans have improved, material living standards have risen (safer cars, nearly universal air … Continue reading

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While you were sleeping, Europe’s Greece crisis was deepening

This at the UK’s Guardian: “The crisis in Greece could pose as big a risk to the global economy and financial markets as the collapse of Lehman Brothers did in September 2008”, said Julian Jessop, of Capital Economics. He added: … Continue reading

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Blue Skies?

The New York Times today on the surprisingly good jobs numbers: The sudden and unexpected improvement surprised even the most optimistic forecasters. Instead of yet another six-figure job loss, only 11,000 jobs disappeared last month and instead of another rise in … Continue reading

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