Wednesday, May 23, 2012

A Chartalist (MMT'er) and an Austrian talk to each other without the other knowing the "economic-school stripes" of the other

The video is a little dated, but it's interesting to watch the dynamics between a self described Chartalist/MMT'er (Mike Norman on the left) and an undisclosed? Austrian/Salamancan (Trader Vic on the right) converse about markets and the economy.

Thursday, March 29, 2012

Mad Hedge Fund Trader offers an inflation tracking technique?

The Mad Hedge Fund Trader in his March 22, 2012 post entitled, Decoding What's In Your Pocket, discloses a useful inflation-tracking technique while discussing the design of the FRN:
The basic design for the cotton and linen currency with red and blue silk fibers, which has been in circulation since 1957, carries enough symbolism to drive conspiracy theorists to distraction. An all seeing eye? The darkened Western face of the pyramid? And of course, the number “13” abounds.
Thank freemason Benjamin Franklin for these cryptic symbols, and watch Nicholas Cage’s historical adventure movie "National Treasure." The balanced scales in the seal are certainly wishful thinking and a bit quaint if they refer to the Federal budget. Study the buck closely, because there are soon going to be a lot more of them around. [emphasis added]
What is the MHFT implying when he says to "study the buck closely?"  What is it on the "buck" is he referring to?

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