Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

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Jimmy Stewart Wouldn’t Run These Banks
By Monty Pelerin , posted December 3rd, 2009 Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However...
Stansberry: Bankruptcy of the US is Now Certain
Stansberry: Bankruptcy of the US is Now Certain By Monty Pelerin , posted November 30th, 2009 This article concludes, as did my recent post Spiraling to Bankruptcy...
Spiraling To Bankruptcy
If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is...