Tag Archives: debt crisis

The Theory of Money

Dear Friends, It seems to me that Milton Friedman’s theory of inflation and money supply presupposes a frictionless plain. A frictionless plain in economics is absolute lasses fair economic conditions. Friedman was a great proponent of lasses fair economics. I … Continue reading

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Europeans are Painting over Their Problems.

Dear Friends, It seems to me, when your roof is leaking, painting the ceiling is worse then doing nothing. That is exactly what they are doing in Europe, covering up the stain, and not addressing the underlying problem. In the … Continue reading

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The World’s Debt Crisis

Dear Friends, It seems to me that the modern welfare state is showing some of it’s weaknesses in the debit crisis that is engulfing the industrialized World. Winston Churchill is credited with having said, “The problem with socialism is that … Continue reading

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