There’s a belief among certain economists — and the wider population — that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it’s a false belief…and he has proof to back it up. An unprecedented buildup of debt, he shows, can only lead to one outcome: a drop in Americans’ standard of living.
The Daily Reckoning occasionally features commentary from financial analysts, experts, gold bugs, economists and an array of contributors from various fields and occupations. Their diverse insights and contrarian investing ideas are hand selected by your Daily Reckoning editors.
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Make Way for the Gold Price "Zero Hour"
After a six month rally, the Nipponese index dropped 7.3%. Is it a turning point or a small correction?
After rising 3% out of the gate after Thursday’s bloodbath, the Japanese index embarked on a wild ride.
The American Association of Petroleum Geologists was nice enough to schedule its 2013 annual convention at my hometown of Pittsburgh…
Given a choice, Bernanke will likely strangle the currency (your money)... in favor of “strengthening” the economy.
If the Maker Movement Is So Great, Where’s Our Flying Car?
IRS scandals and the dangers of dissenting opinion in America.