It is production that creates purchasing power, not the printing press!

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.

The real bubble in China is in US Treasuries, in US dollars.

Of course if you happen to time the market really well, you can make more money with some of these smaller companies, but for someone with no exposure I wouldn't want to take the risk that they timed it wrong.

Confidence by itself, unless it has a valid basis, can get us into trouble.

Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.