Author: David Merkel

Before I start this evening, thanks to all my readers who commented on my post yesterday.  It was my biggest response ever.  I sent to the reporter my summary of your comments....

I did not start blogging in order to start a media career, but sometimes the media finds its way to my door.  I received a call today from a reporter for one of the major television networks, and after talking a while, she asked...

Monetary inflation leads to inflation in goods, services, and/or assets.  We just went through a decade (and then some) where there was low product price inflation, but there was significant inflation in asset values. What was...

Well, thank you Rolfe Winkler and Reuters.  I go off-line on Sundays because it is the Sabbath, so I don’t review the web or catch e-mail, but when Rolfe e-mailed me and I saw it on Monday morning, I felt I had to give him a...

So Paul Krugman gets a lot of ink, and everyone goes gaga for it.  I don’t buy his arguments for two reasons: He misdiagnoses the cause of the current crisis.  He thinks it is too much of the “free markets.”  Rather, it was...