Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“There comes a time in the life of every human when he or she must decide to risk "his life, his fortune, and his sacred honor" on an outcome dubious. Those who fail the challenge are merely overgrown children, can never be anything else.”     Robert A. Heinlein,    Stranger in a Strange Land

March 19, 2009

Quote Of The Day

by Brad Warbiany

I was talking to a coworker this morning about the stock market and the Fed’s injection of $1.2T newly-printed money into the economy. I made a point that I think bears repeating:

The stock market can lose value, while going up.

This is the insidious nature of inflation. They’ll inject this money and nominal prices will move up (houses, DJIA, S&P500, etc) — at which point they’ll claim that they’re fixing the economy.

Just like Germany did in the early 1920′s.

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  1. Taken literally, with regards to inflation, your statement is true.

    However, if you factor in how the stock market is perceived, what we THINK it is worth, that is even more true.

    Comment by Merf — March 19, 2009 @ 1:02 pm
  2. DUDE you are soooo right. The little unspoken secret by Wall Street and the Media and the Government is how bad the last 2 years of stock market delcines had truly been when comnined with the loss of value in the dollar.

    The current temporary and confusing circumstance of the dollar being the least weak currency aside.

    Comment by persnickety curmudgeon — March 22, 2009 @ 6:21 am

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