The Brothers Austrian

Peter Schiff’s campaign headquarters was packed to the point where you literally could not move, mind you it was on a blustery 19 degree Thursday night!

Here is some video footage of the event.

MisesBeliever Uncategorized

Dr. Rand Paul, fighting for the revival of the Constitution.

http://www.randpaul2010.com/

Donate today, December 16th 2009.

Tomorrow, Peter Schiff, opens his campaign headquarters; hope to see you all there.

http://schiffforsenate.com/

MisesBeliever Politics money bomb, Peter Schiff, Rand Paul

The folks over at Matterhon Asset Management lay out the many  gold misconceptions in a fabulous paper titled–GOLD IS NOT GOING UP— PAPER MONEY IS GOING DOWN!

The US dollar has lost 98% of its value in less a 100 years, the underemployment rate is at 17%. Mr. Bernanke, you may want to rethink your list of FED accomplishments.

At the end of the day paper money returns to its intrinsic value….$0.

MisesBeliever Gold bernanke, fed, Gold

A great article posted in WSJ by Bob Gelfond, brought to me by Cafe Hayek briefly lays suggests that the governments influence over the money supply can have a disastrous role. The problem is that he failed to incorporate some very important terminology from Austrian Business Cycle Thoery: malinvestment.

Us Austrians need to point people to fact that malinvestment is the single most destructive product of fiat currencies.

Recently I went to a panel discussion that included UBS’s Art Cashin. He described how Y2K’s money expansion helped lead to a bubble: the run up in tech stocks at the turn of the century and later a housing boom. As we know such investments  cost many investors dearly. What Cashin was describing was a classic case of malinvestment, however he, as well as the other panelists, coined such scenario’s as bubbles.  I wish we could somehow get prominant speakers to use ABCT terminology such as malinvestment instead of terms like “bubbles” to draw people into reading more Von Mises literature. The literature so compelling I feel it would be hard not to grow are ranks exponentially in the near future.

MisesBeliever Federal Reserve Bob Gelfound, Cafe Hayek, money supply