It is quite amazing, on June 24th of 2005, the Priceline’s stock stood at $22.90, today it’s $191.90; a 738% increase! And that’s after a recent drop from it’s high of $262.05 a share on April 30th.
GDP's archives
Debt Makes the World Go Round: Greece Is Just the Beginning
But look where Greece is on the list; 19th at 153% (at 170.5% as of 2009). That’s no where near as bad as Ireland, Iceland, the United Kingdom or the Netherlands. It’s also not much different that Sweden, Germany, France and Spain. And the United States is certainly doing what it can to catch up.
Let the Jobless Recovery Continue: Unemployment Hits 26-Year High
As the jobless recovery rhetoric continues by the federal government, many have braced for October unemployment figures in the double digits. The Department of Labor released the latest unemployment data today, confirming those double digit concerns. U.S. unemployment hit 10.2% in October, up from 9.8% in September, the highest since April 1983.
Swift Wits: More Power to the Fed, Not Regulating Fannie and Some More Useless Terminology
This is just dandy. One would pretty much have to be a blind, state-worshipping d-bag to not realize the Fed played a major role in the financial crisis. But as it goes, the government is spectacular at rewarding failure and punishing successs. So I guess this is, unfortunately, no surprise. Unfortunately, as Judge Andrew Napolitano asks, “who will regulate the Federal Reserve?” Apparently no one.
under: Federal Reserve, Individual v. Collective, Live and Learn, Obama Says, Treasury, Trust
Tags: anarcho-capitalism, Andrew Napolitano, Ayn Rand, Barack Obama, Fannie Mae, Federal Reserve, financial crisis, Freddie Mac, GDP, laissez-faire capitalism, Nouriel Roubini, Objectivism, political terminology, regulation, Tim Geithner, Tom Dilorenzo, Wall Street Journal
Funny Money Part II or: How I Learned to Stop Worrying and Love Natural Resources
With a failed dollar we’d have far more church-going citizens eager to stockpile communion crackers. And for the altruistic of the local tribes, the communion crackers might end up back in the offering basket.
under: Deficits, Dollar, Energy, Federal Reserve, Game Theory, Individual v. Collective, Live and Learn, Obama Says, Taxes, Treasury, Trust, Uncategorized
Tags: agriculture, altruism, austrian economics, Barack Obama, Bretton Woods, budget deficit, capital, China, commodity, credit, currency, debt, Dollar, Federal Reserve, fiat currency, fiat money, fiscal policy, funny money, G20, GDP, gold, IMF, inflation, investment, liquidity, monetary base, monetary policy, money supply, natural resources, petroleum, printing press, real estate, savings, stocks, Treasury, U.S. credit rating, U.S. government, United Nations, USDA
Sorry Folks, War is Actually Not Good For the Economy
War is horrible… but it’s good for the economy. I cannot, for the life of me, think of a more dangerous myth than that. This facade has become so prevalent in the national conscience that it’s simply taken for granted… Seriously though, why would anyone actually believe this without at least a little skepticism? Wars are enormously destructive and shift resources from human needs, to human destruction.
under: Deficits, Dollar, Energy, Federal Reserve, Live and Learn, Treasury, Trust, Uncategorized
Tags: Afghanistan War, Candide, deflation, Department of Veteran Affairs, Economic Stimulus, Franklin Roosevelt, GDP, Great Depression, Iraq War, Keynesian Economics, military-Keynesianism, New Deal, Robert Higgs, unemployment, Voltaire, War, World War II
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