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What Wealth Transfer Looks Like

There's been much discussion in the news recently regarding the minimum wage, currently $7.25, and the efforts to raise it to a level which would at least keep pace with inflation. You'll hear nonsense that if the minimum wage is raised, jobs will be lost. After all, if you raise the cost of something, the [...]

Three Economists Walk into a Bar

Earlier this year, three American Economists were awarded the prestigious Nobel Prize in Economic Sciences. It's a bit curious to me that these men did not come to the same conclusion, on the contrary, their views contradict each other. Let's spend a few minutes and look at their work so the next time you walk [...]

The Velocity of Money

We talked about the Taper, today, I'll share my bigger concern, the potential wave of inflation. We first need to understand a couple things. First, a look at M1 - From the end of the recession, M1 (Defined as "M1 includes funds that are readily accessible for spending. M1 consists of: (1) currency outside the [...]

Preparing For The Taper

We are living in interesting times. The Fed Funds Rate is targeted at 0-.25%. The last time it was this low was in the late 1950's, so it's fair to say that for most of us, these are the lowest rates we've ever seen. As I became interested in finance in the late 80's, fed [...]

Cash Hoarders – QE3 won’t help

If you have a child in your family, you're probably familiar with the work of Laura Numeroff. She authored the books If You Give a Mouse a Cookie, If You Give a Moose a Muffin, and If You Give a Pig a Pancake. The premiss in this series is simple, one thing leads to another [...]

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