Do not put your faith in the false deities of economists

by Keith Weiner,President of the Gold Standard Institute, USA   Under gold in a free market, the theory of the formation of the rate of interest is straightforward.[1] The rate varies in the narrow range between the floor at the marginal time preference, and the ceiling at the marginal productivity. There is no positive feedback loop that causes it to skyrocket (as it did up until 1981) and subsequently to spiral into the black hole of zero (as it is doing now). It is stable.

By Richard Bloch:Sure, this is probably the gazillionth public service announcement you've seen on inverse/leveraged ETF "tracking error," but it bears repeating at least once more.

By Roger Nusbaum: OK, so I am trying to be funny with that title.

An interesting new paper from the PIER on the currently quite acute divergence between academic economics and the general understanding of economic inquiry outside the field of academic economics, namely the divergence in the value attached to theoretical models in analysis. Especially models, that are based on patently false assumptions.

At Mercenary Trader, we consistently get emails from readers with great questions regarding position structuring, market expectations, and trading theory.

|Peter Boettke|

More people are using the term “false flag” than ever before. Some claim that the Boston marathon bombing, 9/11 and the Oklahoma City bombing were false flag attacks. Others claim that anyone who uses the phrase “false flag” is a nut conspiracy theorist. This post does not discuss Boston, 9/11 or Oklahoma City.  It simply looks at whether there is any real historical concept regarding false flags.