The Foreboding Signal of the Fed Rate Cut
It's a bad time to have a softie at the helm of the Fed.
Libertarians, My Libertarians!
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas -- unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
It has been argued that debt levels are so staggering that it's unlikely that serious inflation could take place outside of state sanctioned zones, like housing, health care and education. We'll be talking about deflation again by mid 2008.
ReplyDeleteWhen I used to work in financial markets, I learned that you didn't make much money being too intellectual about price action.