Really appreciate the information and explanation. I’m passing this article along to my children etc.. More of society needs understanding of how they are being ripped off over time. Thanks for your service.
It's always better to use straight definitions when dealing with money. It's for sure the Fed's don't want the people to be able to clearly understand when they're being screwed over.
"Eagerness to find indexes for the measurement of purchasing power silenced all scruples. Both the doubtfulness and the incomparability of the price records employed and the arbitrary character of the procedures used for the computation of averages were disregarded."
Beautifully explained. Looking forward to your next two letters on "when credit deflates and monetary authorities inflate in response. And what happens if the uncontrollable capacitors discharge in the midst of this. And in the third letter, how to position for it."
Really appreciate the information and explanation. I’m passing this article along to my children etc.. More of society needs understanding of how they are being ripped off over time. Thanks for your service.
Hello all. Where do I go to see the model portfolio? Thank you.
Excellent explanation
It's always better to use straight definitions when dealing with money. It's for sure the Fed's don't want the people to be able to clearly understand when they're being screwed over.
Jim Marshall
“There was one good thing about Marx: he was not a Keynesian.” – Murray Rothbard
Love the capacitor analogy.
"Eagerness to find indexes for the measurement of purchasing power silenced all scruples. Both the doubtfulness and the incomparability of the price records employed and the arbitrary character of the procedures used for the computation of averages were disregarded."
— Ludwig von Mises, Human Action
Mises said it well. I'll have to read that book :)
Beautifully explained. Looking forward to your next two letters on "when credit deflates and monetary authorities inflate in response. And what happens if the uncontrollable capacitors discharge in the midst of this. And in the third letter, how to position for it."