8/3/2010 – Monty Pelerin -
Inflation is the inevitable ending of this awful economic crisis. The only questions are how much and when.

A rising number of supports champion inflation as a salvation strategy. Richard Russell in a recent newsletter provides the rationale (emboldening by Mr. Russell):

In my opinion, the US MUST default on its debt. There are two ways to default. One is simply to renege on the debt … The other way to default on the debt is to inflate it away. I’m absolutely convinced that this is the path that the US will take. If the US inflates enough, then over time (many years) the devalued dollar will tend of reduce the power of the debts.

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8/1/2010 – Jon N. Hall -
Certain ideas get so firmly fixed in some folks’ brains that no amount of evidence can dislodge them. Such ideas become articles of faith. And one article of faith that is particularly deeply stuck in the minds of “the faithful” is that Reaganomics doesn’t work.

The big idea behind Reaganomics is that cutting tax rates boosts the economy, which results in more tax revenue. The history of the last three decades bears this out. Continue Reading »

8/1/2010 – Harvey M. Sheldon -
Many believe the 2010 elections will save America from social and economic disaster. However, the progressives are intent on imposing their vision on us, and they will pull no punches in trying to paint their opponents as Neanderthals, racists, or whatever other slander opportunity provides. They will be funded by untold dollars from a variety of sources, from the naïve and still trusting to the dedicated opportunists, well-heeled socialists, Machiavellian billionaires, and profit-seekers. Continue Reading »