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6 posts tagged with "Inflation"
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"Whoever cannot seek the
unforeseen sees nothing for the known way is an impasse."
― Heraclitus, Fragments
Which
path will we take? If we could only grow our way out of our sovereign debt
problems. But growing debt creates even more problems if not dealt with, making
it even more...
Albert
Einstein is famously quoted as saying, “Compound interest is the eighth wonder
of the world.” And compounding is indeed the topic of this week’s shorter than
usual letter, but compounding not of interest but of inflation. As you might
expect, I am giving a great deal of thought...
Today
we once again think about the inflation/deflation debate, turn our eyes to
Europe and the very interesting election happening there this Sunday, and
speculate a little about what could derail the US economy.
But first, a quick note to
Conversations subscribers. We have just...
TWO roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted...
Bankruptcies of governments
have, on the whole, done less harm to mankind than their ability to raise loans.
—R. H.
Tawney, Religion and the Rise of
Capitalism, 1926
By a continuing process of
inflation, government can confiscate, secretly and unobserved, an important
part of the wealth of...
I
am on yet another plane and writing, and I’ll finish this letter in Phoenix. As
I start, I am not sure of a theme for this week’s letter, so (with a tip of the
hat to my friend Burton Malkiel, who I will see at Rob Arnott’s conference in a
few months), today we do a Random Walk Around...
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