Archive for March 4th, 2009
Misconceptions about credit and borrowing
Wednesday, March 4th, 2009Democratic politicians and bureaucrats, supporters of Obama's stimulus spending and potential financial-sector interventions, and believers in Keynesian socialism in general are quite adamant about "getting credit flowing again" and easing the pain of businesses by getting people to buy more stuff. I'm starting to think a lot of their misconceptions ...
Buy gold!
Wednesday, March 4th, 2009I bought $505 worth of gold yesterday at a local coin and antiques shop. It was almost half an ounce contained in three old British and Swiss coins. That wasn't quite the optimal gold-coin purchase I had in mind when I looked up local coin shops, but I guess gold ...