Can a Central Bank Always Create Inflation?

Ambrose Evans-Pritchard got a Paul Krugman lashing over the weekend thanks to some comments about the power of Central Banks when the economy is stuck at the zero lower bound.  Evans-Pritchard had argued that increasing the money supply is still a relevant strategy for increasing inflation and Paul Krugman didn’t…

A Lesson in Market Crashes

Be fearful when others are greedy and greedy when others are fearful. So easy to say but much harder to pull off in real-time.

Three Things I Think I Think

There’s a lot going on. Too much to write about in one post so here’s a fresh installment of three things I think I think:

FOMC Preview

Big Fed meeting this week. Here’s a good primer.

How to Save Money & Increase Your Happiness

By Ben Carlson, A Wealth of Common Sense Mandi Woodruff posted an interesting chart on Yahoo! Finance this week on the leading New Year’s financial resolutions: Save more money is consistently at the top of the list year in and year out, yet the savings statistics in this country are…

Answering Common Questions (i.e., Rude Emails) About the National Debt

I sent this email in response to someone who sent me a not-so-friendly email about the national debt and my response to Stephen Moore’s article from last week.  I thought that republishing it might be illuminating for others since these are very common concerns and I seem to regularly receive…

Avoiding the Extremes

“Never wrestle with a pig because if you do you’ll both get dirty, but the pig will enjoy it.” – Charlie Munger

Thoughtful Disagreement is When the Power of Understanding Begins

I loved this portion of Andrew Ross Sorkin’s interview of Ray Dalio in which he talks about the importance of civil disagreement: “Why can’t we civilly disagree?  Isn’t it a perversity of our society that people can’t thoughtfully disagree? … Thoughtful disagreement…that’s when the power of understanding begins.” He goes…