How many times have you rolled our eyes listening to someone make excuses for their lack of success at an endeavor? One of the most often used is luck — good and bad. Where’s a mirror when you need one?
We thought we knew the whole story behind the first Thanksgiving, but we learn something new from details not taught in elementary schools. (especially in the PC environment of today’s schools) Turns out the pilgrims had to learn the same lesson many 20th century countries did hundreds of years later.
The falling dollar has been a concern of those who follow such things since 2002. It seems those who have been shouting from the mountain tops that interest rates are not king, but money supply is, (including a certain hairless individual) beginning with Milton Friedman, are possibly being vindicated right before our very eyes — and in real time.
Chris Cree very eloquently exposes what I call the Blame Brigade. In his excellent post The Blame Game, he exposes the approach to life that says luck and circumstances are the foundation of success and failure alike. If only because he made me think of Grandma, I make this a MUST READ.
Donald J. Boudreaux tells us the rest of the story in Pilgrims’ Progress. Their approach was reminiscent of some late 20th century totalitarian countries who were more often than not, short of food, and most other necessities. They practiced communism, which has failed miserably everywhere it’s been tried. This short but incredibly powerful reminder of the difference between collectivism and free enterprise capitalism is a lesson we must learn once and for all. A MUST READ — especially for those who still believe what they were taught the whole story in grade school.
Max Whitmore is a very smart guy. His ability to communicate relatively complex concepts so that regular folks get it, falls nothing short of uncanny. In his latest post More On The Dropping Dollar he makes a compelling case for money supply over interest rates as the source of economic consequences. It also demonstrates what could be a paradigm shift in thinking at the Fed due to the leadership of Bernanke. Recent historical evidence seems to support Max’s thinking. Time will tell. This post is the first MEGA MUST READ of the year.
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I agree with you on Chris and his post. He is a stand up guy!
That he is, and I’m a steady reader.
I’ve been seeing first hand the results of the devaluation of the dollar over the last several months. Working daily in our ports here in the Southeast, I’m here to tell you the export business is booming.
As an anecdotal example I’m heading out in about 45 minutes to inspect the loading of an export yacht tonight. It is the third one I’ve personally inspected in the last four days. Last year this time I was doing maybe one a month.
We’ve all been talking about how much our export related business has increased, especially since the beginning of the year. I’d worked it out to be related to the falling dollar a while back.
I’m no expert, but from where I stand it seems to be working.
My wife sees it first hand in China with her business.
The yacht story is interesting. Seems that’s a pretty solid indicator of ‘on the ground’ evidence of changing tides.
Thanks Chris.