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- Unsurprisingly, the Vietnamese government has tried to bring all of that gold out of the underground economy. But as is generally the case, that’s easier said than done. http://bit.ly/2mFTYXC
- Against Public Policy
- From CNBC. http://bit.ly/25CwpB2
- When Obama was running these big deficits, the Fed was monetizing them with trillion dollars a year of QE's. Now, they’re not doing any. So, that means we’re going to have a massive increase in interest rates. That means stocks collapse. http://bit.ly/2BTx6Mr
- Hedonic adjustments for technological advances overstate the benefits to consumers, and allow the government to understate CPI increases. Just because a computer is twice as fast does not mean it delivers twice the value to consumers.
- Conventional wisdom tells us gold should be way down. Since gold doesn’t pay dividends or interest payments, investors typically shed non-yielding assets like gold. It isn’t. People are buying gold. http://bit.ly/2EIPDJB
- I'm a software developer looking for an idea for a open source project. What do you think it could be helpful?
- Gold’s $12 dollar selloff is now a $13 dollar rally. Maybe traders are finally figuring out that inflation is good for gold. Wait until they figure out that no matter how hot inflation gets, the Fed is powerless to put out the fire! http://bit.ly/2Cp3EKY
- #Republicans are about to run larger deficits when the economy is supposedly booming, than #Democrats ran into 2009 when we were in the Great Recession. Can you imagine the size of the Republican deficits when the economy slips back into recession?
- The combination of high levels of debt and dropping retail sales should send up a big warning sign. It could be a sign that Americans are maxed out. They’ve hit those credit card limits and spending is slowing down. http://bit.ly/2EGkudw
Wednesday, May 11, 2016
I'm a software developer looking for an idea for a open source project. What do you think it could be helpful?
tl;dr: title. \- BEGIN soliloquy about how I learned about Austrian Economics. \- As the title implies, my knowledge on austrian school is very limited. Besides the audiobook of The Ethics Of Liberty(which sounded more like political than economical), the first chapters of Human Action and The Machinery Of Freedom, what I know about it mostly comes from articles from mises.org, Peter Schiff, and some presentations here and there. But the small glimpse was enough to make things much more clearer. I've been curious about economics since my early adult age (I'm 36 now), but it was only five years ago, when I watched the presentation of Peter Schiff about the economic meltdown, that everything started to make sense. Unfortunately I didn't have time to dedicate as much as I wanted, and audiobooks while in the subway didn't work quite well for me. \- END soliloquy \- Things changed in my life and now I have much more time available, I'm eager to start a FOSS project, and if I could do something that would help on specific calculations based on austrian principles it would be great. I see there are lots of calculators and spreadsheets, but most of them seems to address only a specific thing. I don't see anything fully integrated like there is for traders, for example. Considering how limited my knowledge on this is, I think I good begining would be to ask for suggestions for _technical_ books from austrian school. Most of what I read so far are mostly philosophical or speculative about how certain arrangements would work. Any inputs, suggestions, constructive criticisms will be greatly appreciated.