All Posts Tagged With: "great depression"

Crisis Breeds Opportunity

Glass Half Full

When you have a lot of problems you also have a lot of opportunity. I want to start with some wise words from John Templeton. Templeton actually died a few weeks ago at the age of 95. His…

15Aug2008 | Whiskey and Gunpowder | 0 comments | Continued

Presidential Economic Policy

Economic Tectonics

Some of the greatest economic shifts in history are associated with big political swings, if not with politicians by name. Think of Hooverism, Roosevelt’s New Deal, Reaganism or British Thatcherism. But those are just labels. Things are not as…

13Aug2008 | Whiskey and Gunpowder | 0 comments | Continued

Economic Schools of Thought

Two Schools of Thought

There are two ways of studying economic theory. One approach is mathematical, and has been much enhanced by the computing power available to the individual economist. The other is historical and relies on the accumulated understanding of…

18Jul2008 | Whiskey and Gunpowder | 0 comments | Continued

GRAND THEFT SOCIETY

A core problem with government is that its managers believe that all reality will conform to their wishes if they issue the right orders, pass the right laws, and put the right people in charge. Reality resists this simple-minded approach;…

4Jul2008 | Daily Reckoning | 0 comments | Continued

A SERIOUS WORD ABOUT MR. DUNG’S DONG

“I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said…”

With those mealy words, America’s Depression-era president ventured from bad luck into treachery. The Executive Order…

30Jun2008 | Daily Reckoning | 0 comments | Continued

Energy Recession or Energy Depression…

“Dearer to God are the prayers of the poor,” go the words to a sturdy old Anglican hymn.

Well, at $138+ per barrel of oil, I think we are about to find out how dear those prayers really are. This, plus…

17Jun2008 | Energy and Oil | 0 comments | Continued

House of Cards

Economic theory tries to deal with a limited number of factors and the mechanisms by which they interact. The main factors are population, food, energy, property, and manufactures, all of which are physical realities capable of being counted. They are the…

14Jun2008 | Whiskey and Gunpowder | 0 comments | Continued

THE DECLINING QUALITY OF DOLLAR MENUS

Speaking of inflation, Michael Pento of Delta Global Advisors reported that McDonald’s, the fast-food giant, “stated it has no plans to tamper with its highly successful dollar menu, which accounts for 14% of the company’s sales.”

Naturally, Junior Mogambo Rangers (JMR)…

10Jun2008 | Daily Reckoning | 0 comments | Continued