This is a commentary I wrote about an article by John Kay, a British economist.

He has some strange ideas about economics evolving into some sort of bioengineering discipline involving neurophysiology, psychology, cultural evolution, etc. As a matter of course, he also fails to mention the Austrian School in any way, as he discusses problems with the field of economics as a whole.

Here Professor Anderson takes Keynesianism to task. Too many animal spirits. I wonder if Keynesians enjoy the movie Poltergeist

The eminent Lew Rockwell laments the plight of BP here. I have to agree. The problem with environmentalists is that they're anti-human.

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Yahoo Finance features this article analogizing the stock market with the Titanic. It would seem that the vast majority of stock traders have absolutely no idea what they are doing. The section about buying high and selling low is telling. These people are dabbling in costly experiments with no particular method, or so it seems. I'm no expert, but then I don't have a ton of money in the stock markets either.

Schiff on Weakening Dollar

Peter Schiff on Evidence of weakening dollar. The dollar is not strengthening, as evidenced by gold's recent high. The euro is simply weakening faster. I have read two of his other books, and am looking forward to the newest. Get it now:

Inaugural -- The Color of Money

The obvious thing would have been to pick a green theme for a blog about money, but money isn't green. Money is yellow or white.

Paper is unnatural money, enforced by government fiat. Real money is a commodity chosen by the free market. It must be durable, popular among many in a given society, and must have a high value per volume or weight. These attributes are what make money money. A money must be a durable store of value.

Gold and silver fit the bill nicely, and have throughout history.

I intend to use this blog to muse on monetary topics, an interest I have acquired as a side effect of studying Austrian economics.