Hyperinflation: A Comparison Between Weimar Germany and Post-War Hungary
Back in college I wrote a thesis-lite (a research paper to complete my history minor that I could have expanded into a thesis) comparing the hyperinflation in Germany after World War I and the hyperinflation in Hungary after World War… Continue reading
Is Social Security a Ponzi Scheme?
People keep drawing comparisons between Social Security and Ponzi schemes. It has even inspired some Venn diagrams out on the interwebs, most of which are pretty uninspiring to me:
You have Texas Governor Rick Perry of course, who reiterated his… Continue reading
Lies, Damned Lies and Statistics: A College Degree is Worth One Million Dollars
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Previous in Lies, Damned Lies and Statistics Series: Part 9: The BMI
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The surest way to the good life is a college degree, right? Hey, both my colleague Ryan Swift and I have one. As Hillary Clinton said, “Graduates from four-year colleges… Continue reading
Is College Still Worth It?
Ever since I can remember, the world was grooming me to go to college. My parents, my teachers, my coaches, my mentors…everyone who cared to positively influence me made one message very clear: if I wanted to make anything of… Continue reading
Alan Greenspan and Economics 101
Alan Greenspan had this delightful little insight for us on Meet the Press the other day:
So I guess Zimbabwe and the Weimar Republic both had stellar credit ratings. And this guy was in charge of the Fed for almost… Continue reading
Performance of Gold vs. Silver
Precious metals are all the rage these days as many people are looking for a hedge against inflation and diversification. The following chart tracks gold and silver prices since 2000:
Investors are also buying silver as… Continue reading
Gold and Stocks: A Visual
Just as food for thought, let’s look at the performance of gold versus the stock market since 1998. This is a trend that most of us are aware of, but it is still shocking to see visually:
Click for larger… Continue reading
Printing Money and Stocks
The Federal Reserve has been printing money at a historic clip and buying up toxic assets for a shade under three years now — in response to the financial crisis. The technical term for their easy money policies is known… Continue reading
Newsflash! Oil is Inversely Related to the Dollar
I will sleep well tonight knowing President Obama committed Department of Justice resources to go after oil speculators. They must be the reason we’re paying $4/gallon at the pump. It couldn’t be OPEC’s resistance to produce more oil,… Continue reading
2000s: Stagnant Wages and Zero Net Jobs Created
If a president’s performance was solely based on how the economy performs during their stay in office, George W. Bush may have been the worst president in US history. Clearly there are other measures to judge a presidency. GWB, for… Continue reading
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