Archive for December, 2008|Monthly archive page


Once upon a time a man appeared in a village and
announced to the villagers that he would buy monkeys
for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announce d that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf. In the absence of the man, the assistant told the villagers: ‘Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.’ The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only
lots and lots of monkeys!

Now you have a better understanding of how the



Pirates to get us out of the Depression

[T]his holiday season, be sure to tell your local pirate(s) Feliz Navidad – for without their enterprising minds, we would all be much poorer.

Arrrr! Indeed, Mr. Swanson!

Read it here

Happy days are here again (with inflation)

It’s amazing that (mainstream) economists, or at least the financial pundits have learned nothing in oh-so 70 years:

Found on Campaign for Liberty

Foreign policy explained

Found on the Dvorak blog.