Don’t Let this Crisis Go to Waste

We have heard several prominent Democrats say over the past year that a good economic crisis should not be wasted.  To them, a crisis brings fear and distraction to the people which can be exploited. They do this by introducing hugely expensive new programs and boldly extending regulatory authority, all in the name of “reform” The Democrats have been true to their word thus far, exploiting away.

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A Survivalist Approach to an Economic Crisis

J.D. at the Get Rich Slowly blog wrote an interesting article this week on Bull Moves in Bear Markets.  The title is from a book written by Peter Schiff, a well known predictor of impending collapse of the U.S. financial system, up to and including the government.  Indeed, one of Schiff’s recommendations for preparing for his economic “end of days” scenario is to stockpile household goods, buy precious metals, and perhaps even move to a foreign country having a more attractive currency.  Read more

An Interview with Economist Peter Navarro on the Economic Crisis

Peter Navarro, Ph.D. is a professor of economics and public policy at the University of California, Irvine, and a regular contributor on CNBC.  I first learned about Professor Navarro when I reviewed his audio course Principles of Economics: Business, Banking, Finance, and Your Everyday Life.  Later, I discovered that Prof. Navarro had a website (www.peternavarro.com) where you can obtain free educational materials on economics as well as learn about and order the books he has written. Read more

The Relentless March of the Financially Clueless

Congress Plays the Blame Game

As expected, Congress is fully engaged in grandstanding and pontificating over the Paulson/Bernanke bailout plan.  Public statements from congressional hearings serve as a catalyst for continued volatility in the markets.  The Democrats countered Paulson’s three-page bill with a forty-page bill of their own.  “OK Mr. Paulson, I’ll see your $700 billion and raise you another $300 billion!”  Read more

Reviewing this Week’s Hard Truth about Money and Personal Finance

Wall Street Pushes Hurricane Ike to the Second Page 

This week has no doubt been a record-beater in the volume of money and finance news that has pushed its way to the front pages of print and electronic news publications.  The people still struggling with Hurricane Ike have been pushed to the second page.  Read more