Archive for December 29, 2010

During a December 10, 2010 appearance on Roe & Roeper’s Miracle on Indianapolis Blvd. Holiday Extravaganza broadcast, live from The Venue inside the Horseshoe Casino, which benefitted the USO, GEICO’s R. Lee Ermey appearing on behalf of Toys 4 Tots took an opportunity to unload on President Obama, claiming his administration was destroying the country so that it could impose socialism.

To misquote Henry Higgins, ‘By George I think he’s got it!!”

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Monetary policy can cause markets to misallocate resources. That simple insight has profound implications for how financial markets should function. Cato Institute senior fellow Gerald P. O’Driscoll Jr. discussed asset prices and bubbles at the Cato Institute’s Monetary Conference in November 2010.

After watching the video, you may wish to know more about how monetary causes bubbles. Click on the link below the book cover shown below and you will be taken to a page if the Ludwig von Mises Institute where you will find links to buy a hard copy, or download a free electronic copy of the book this book examines the monetary interventions that engendered not only the Mississippi Bubble, the South Sea Bubble and Tulipmania was as well and shows that they were caused by government meddling.

Tulipmania was unique in that it was the sound money policy of the Dutch combined with free coinage laws that led to an acute increase in the supply of money and fostered an atmosphere that was ripe for speculation and malinvestment, manifesting itself in the intense trading of tulip bulbs.

Buy or download a free copy of this book.

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