A Dollar is Not a Dollar

One of the most important concepts for investors to understand is that a dollar today is not the same as a dollar yesterday, and is not the same as a dollar tomorrow. Over time, inflation erodes the purchasing power of currency. This is critically important, because...

The Problem with Communism and Inflation

The US government may have a difficult time convincing China to import many of our products but it seems the communists have inadvertently decided to access one of our biggest economic headaches – inflation. Food prices are rising, to be precise. That's right,...

Inflating Away Debt Doesn't Work in the Real World

This fanciful notion held by some commentators, and apparently deeply believed by some economists, that the United States can simply inflate away the debt will be permanently maimed by an insurmountable obstacle – it doesn't work. The problem with inflating away...

Consumer Price Index is a Misleading Indicator

In a recent speech, Sarah Palin claimed that Mr. Obama's “pump priming” strategy to get us out this recession would come at a serious price, with one of the results a significant rise in grocery prices, which we have already begin to notice. Unfortunately, the...