Hah! You thought that figure had something to do with economics, didn’t you? No sir, it is part of a nursery rhyme. Remember “Four and twenty blackbirds baked in a pie?” I have no idea of how that is possible, but I have an idea. Let’s guess how many feathers the blackbirds have. Or let’s […]
The time worn explanation by the Fed, Hizzoner Greenspan, and other employees of government and various universities, is that it is consumer spending which makes the wheels of the economy go ’round. It matters not whether the buyers of all this glop have a dime in the bank or not, nor where the stuff comes […]
A truism in any economic system, is that savings are the source of capital for development. In an ideal, honest situation, a bank can loan only what is has on deposit. If a person wanted to start a company to make widgets, and it would cost $100,000 to start the company, it is to be […]
A while back, I wrote in this column, that the ratios between gold and silver were an all-important factor to use in purchasingÂ…with a few exceptions. This advice needs to be repeated. So I will. I thumbed through some back sheets of daily prices, which I keep in a huge stack. I found that on […]