“Quantitative Easing” is the latest thing to get in a tizzy about these days. Everyone seems to have an opinion on quantative easing, either in favor (deflation-countering inflation is a good thing) or opposed (depreciation is a bad thing). An investment analyst whose work I recommend, Nicholas Vardy, the “Global Guru,” recently jumped on the…Continue Reading “Much Ado About Easing”

If the Fed wants to boost economic activity, it should think about raising the federal funds target rate. Why? Wouldn’t that restrict lending? Paradoxically, it would likely increase lending. This would force banks to engage in more lending in order to make a profit. Currently, banks can make money doing virtually nothing, as they borrow…Continue Reading “Why the Fed Should Boost Interest Rates”

Common Law is a term I use as an umbrella concept, shorthand for a comprehensive world-view of limited sovereignty, restricted government, private law (property and contract), the self-reliant citizen, the market order not only of goods and services but of credit and debt and goodwill, of coordination of equals rather than command by superiors of…Continue Reading “What is Common Law?”

Rush Limbaugh discussed the concept of the “New Normal” on his radio show yesterday. He was pretty much on target: the “New Normal” is considered by many to be some inevitability, for which the Obama government is not responsible. I discuss the concept at length in my upcoming book Common-Law Investing. What I try to…Continue Reading “The New Normal”

I haven’t been posting much lately, and there’s a reason. I’ve been busy writing a new book. And it’s ready for the reading public. The title is Common Law & Natural Rights: The Question of Conservative Foundations, and it is an examination of natural rights as the foundation for conservatism, as opposed to the common…Continue Reading “New Book: Common Law & Natural Rights”