Guest Posts

The mainstream media is in a bind. Presidential contender Ron Paul is more popular than ever, ...

By Mike Hewitt

A short description of money and historical examples where forms of which were not a good ...

By Mike Hewitt

A monologue on currency devaluation through the process of inflation....

By Chris Wysocki.

Every policeman is your friend. It's an axiom taught to countless children in grade school. If ...

What,pray tell,am I talking about,you say?Well,we've all heard of the six degrees of Kevin Bacon or the Kevin ...

The Classic Liberal is honored once again to present a new editorial by ...

By Irish Cicero

My friend -- The Classical Liberal -- was gracious enough to extend an invitation to yours ...

Please welcome Matt from Conservative Hideout 2.0!
Some Thoughts on the Tea Party Movement: ...

"No legal tender law is ever needed to make men take good money; its only use is to ...

Since 1991, central banks around ...

Gold and Cadillacs

2009-11-10

While gold is not commonly considered as a medium of exchange like paper currency, it still acts as ...

By Mike Hewitt

As of September 2009, the total amount of physical paper bills and coins throughout the world ...

A guest post by Alec Rawls of Error Theory.

Crime 1: Another multi-billion dollar subsidy for Government Motors.

When ...

Tom at The Liberty Pen interviewed me on ...

Greg Lawson wrote the following as a comment to yesterday's "What ...

The Classic Liberal is honored to present, a guest editorial by ...

Newt Gingrich would have been a much better Republican candidate than John McCain, or any of the other Republicans that ran in the primaries in my opinion. But that's OK, because he's been doing a terrific job blasting the Elite Media for their blatant support of Obama.

He's taken on "the press" over Sarah Palin multiple times, challenged Diane Sawyer over her interview with "Joe the Plumber," and in the following clip, Newt calls it like it is, and rips the Elite Media a new one. As Newt says correctly, "The fix is in!"

It is not your right to receive from me, nor my responsibility to pay, for your health care. It's not up to me to buy for you any of the other things you might require as well, like drugs, sorry, I mean "Meds", food, cable TV or your piece of shit foreign car with the Obama bumper sticker on the back. Welcome to the freedom of America!

Sorry, but you are not a victim of me, therefore I owe you nothing more than to respect your rights as a fellow human being. If I choose to be charitable, that's my business, and my decision. It's certainly not up to someone else. If it is, then it's not charity. Instead, it's the power of the gun - socialism.

Sounds really cold doesn't it? I must be a real prick ... What about the children?

Contrarian Thought

2008-10-09

The notion of buying low and selling high is easy in thought and hard in practice. Success breeds ego and misery loves company. So when we're all buying, we're all bragging, and when we're all selling we're all crying together. This demonstrates extreme thought and behavior. We're more comfortable doing what other people are doing - perhaps even not in our own interest.

For example, investors are currently willing to accept - 5% inflation-adjusted real returns in exchange for the illusion of safety. This demonstration of extreme fear is a result of billions of dollars chasing the protection of short-term government t-bills. They believe by doing this their cash will retain it's value, when in fact it is losing value at the rate of inflation. That's because the herd rush into the perceived safety of the t-bill, has pushed it's yield down next to nothing. This is clearly irrational, yet many people seem compulsively drawn together to do this. There is comfort in a crowd - it is easier to be wrong along with everybody else, than it is to stand alone.