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Thanks for the history lesson. Yes, the EU is not a country. You are one bright person for pointing out my sloppy writing. I should have said "major powers" instead of "countries." I mentioned the EU as an entity because of the common currency and how that interacts with the reserve status...

Weapons mean shit. They are only good for slapping around resource rich small non-nuclear countries. When it comes to other major nuclear countries, Russia, India, China, EU... weapons are moot b/c of the nuclear deterrent. You don't want to be around in a world if it comes down to...

But when you have the world's reserve currency, who else is big enough to bail you out when the time does come? The bigger they are, the harder they fall? Ouch.

What we are now doing here in the US, is EXACTLY what Greece has been doing pre-crisis. What did Greece do pre crisis? It relied on exorbitant deficit spending and a growing bloated overpaid government sector to drive the economy. Sound familiar? If it does, it's because that's EXACTLY...

I borrowed the term "Constitutionally" from your post, and yes I thought that was odd you used the term. I guess you used it differently? Anyway, we'll see about the details re Brown's Bottom. If the truth ever comes out. But I have to disagree with you when you broadly ridicule people...

Assuming Brown acted on behalf of others, beneficially for them, in selling the gold (but not for the people's interests that he should Constitutionally answer to) Then it sounds like a conspiracy to me. But those things don't happen, right?

I would like to hear your explanation on Brown's bottom. Why did he announce well before he sold the gold?

I agree, but I will also take a greater more macro view: The Romans considered themselves the inheritors of Alexander the Great's empire. This could be seen in many of the statues of the earlier emperors - the Julio-Claudians. Many imitated the busts of Alexander the Great, and in doing...

But keep in mind: There are TWO battles the Fed is waging. The first is what we are discussing, that is, fighting the forces of deflation in the banking system. But there's one more: Devaluing the dollar to better service our ballooning deficit. We also need to devalue against every other...

Do you think that is a viable solution to maintain prices? I recently listened to an interview of James Rickards, and he said that managing inflation in a severe deflationary environment is dynamically unstable. That ultimately, deflation or severe inflation will triumph. The forces are just...

No time to get into details now... but jueco, I'm surprised at you. Are you suffering from Stockholm Syndrome?

Friedman's theories are a failure. No economic theory is perfect, but the best economists that describe what is going on today: Ludwig von Mises and Hyman Minsky

I would have told him to piss off. But I'm not english. :p

I know you said your paper will focus on the changing role of inflation with the introduction of monetarism from keynesian economics, but your title of the thread is the changing role of inflation - and that has me thinking something else. I think unconventionally when it comes to economics...

I'm gonna cut and run with some profits here. Market's gonna tank within a couple weeks. Just don't know when. I don't trade frequently, am more of a stock picker and the occasionally ETF. I'm going to the sidelines. My stock portfolio is up over 54% ytd. I have a job, so I'm not...

In the long run, it's cheaper that everyone has health insurance, than to allow free riders to abuse the system. Typically, free riders are younger people that can take the risk. However, people that are a decade away from medicare pay the most in premiums. If more young people are insured -...

I have not studied enough of this bill to make a clear opinion yet. However, there is one issue I see come up a lot - and that is the requirement to buy health insurance. What is everyone's opinion of an uninsured person going to an emergency room for life saving treatment. Should they be...

Another idiotic article, IMHO. The one posted above (Altucher) is worse. These are the same guys that probably misinterpreted Soros' "ultimate bubble" expression. Novagold is not mismanaged from incompetence. IMHO, they don't want to start mining anytime soon on purpose. They prefer to...

We are witnessing an historic sovereign financial meltdown. Greece will be the first, but not the last, and there will be many more. It will spread thru-out Europe, then Japan, on to the US and will ultimately take down the US Dollar fiat reserve standard. Get gold. If you haven't...

The US was the world's largest creditor and largest exporter nation just before the Great Depression. How'd that competitive edge work for the US during the Great Depression? It was worthless. The issue today is one of trade imbalances and consumption patterns that were easily propped...