Letters from the Perilous Realm » U.S. Economy

Common Sense on the Economy

Travis Prinzi — Fri, 16 Jan 2009 01:54:35 +0000

Why no one listens when he says stuff like this, I don’t understand.

Economy Issues: Bailouts, Bretton Woods, Gold

Travis Prinzi — Fri, 14 Nov 2008 12:05:48 +0000

Pat Buchanan has a helpful post at The American Conservative summarizing the last century of international relations on the economy, including Bretton Woods (1944) and the dropping of the gold standard (1971) and makes some predictions about how the U.S. might respond to European plans to renew a globalized economy (“screw you”).

Also, I’ve been meaning to link this – I’m trying (unsuccessfully so far) to work my way through The Bailout Reader at the Mises Institute. The Mises folks are Austrian school, free market economists. (And by “free,” I don’t mean, “sorta kinda free but not really, especially when the economy’s in the crapper”).

A 1925 Quote on U.S. Economy

Travis Prinzi — Sat, 20 Sep 2008 03:16:12 +0000

Edward R. Pease, member of the Fabian Society, writing in 1925:

“The United States in the [eighteen-]seventies was not yet dominated by trusts and controlled by millionaires. Indeed even now that domination and control, dangerous and disastrous as it often is, could not withstand for a moment any widespread uprising of the popular will.” (History of the Fabian Society, p. 20-21).