Reader Mail
Good as Gold
The Fed and inflation insurance. An Indian for the UN. More Newtsayers. Still more responses from the field to Ben Stein. Plus much else.
(Page 2 of 15)
p>My humble opinion: Gold will have its ups and downs, but it’s a
winner in the long run. Why? Because the amount of debt and
unfunded liabilities of the government is so massive that to
maintain the economic order — and hence social peace — it will
require monetary policy to become ever looser. This spells
inflation which means higher prices for tangible assets, including
gold.
br>
—
Peter Skurkiss
br>
Stow, Ohio
/p>
I find your observations as to the money supply an interesting one. But riddle me this one, sir, why did the Fed just a couple of weeks ago stop publishing the M3 money supply data?
With the dollar no longer pegged to a standard and no appreciable data to track the total dollars floating in the world markets now; it is anybody’s guess as to what that value is. So essentially, your dashboard is missing the speedometer.
p>If I were a funds manager I would be very afraid we’re not driving off a cliff. br> — John McGinnis br> Arlington, Texas /p>Well I’ll be damned.
Bethell knows what he’s talking about, his analysis makes sense, and he has a bit of insight.
I’ve been a student of the Fed since my early days in grad school in the '70s, and rarely do I see public commentary of this high quality.
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