Charlie Munger is the other billionaire from Berkshire Hathaway, the one who has never pimped for Hillary Clinton and still retains a great deal of common sense. He’s written an essay for Slate.com on how the US has come to ruin:
In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with [...]

All government debt is a racket, and should be repudiated.
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Widely read investment advisor John Mauldin favors the continued enslavement of the Greek public to corrupt politicians, greedy unions, and German banks. He had this to say today in his email publication:
…if Greece defaults it does not necessarily mean they have to leave the EU, any more [...]

Thanks to Tim Knight for finding this.

There is lots more, so click here for the full version.
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The cartoonist and Neil Postman think that Huxley got it right, and he certainly saw a lot that Orwell missed. However, I would argue that those who look at today’s society and only see Huxley (sex, drugs and entertainment) [...]

Hat tip to Mish for this explanation of how government ruined one of the wealthiest cities in the world:

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Now, if the government had let Chrysler and GM go under, their factories would have been bought by Toyota and Honda and their employees would be turning out cars that people actually want, not gems like the [...]

Or you could end up in the little room…
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Video link from Lewrockwell.com
Here’s an excerpt from The Law, by Frederic Bastiat, a French classical liberal (today we would say libertarian) economist:
A Fatal Tendency of Mankind
Self-preservation and self-development are common aspirations among all people. And if everyone enjoyed the unrestricted use of his faculties and the free disposition of the fruits of his labor, social [...]

Graphite here. I remain an ardent deflationist and continue to see strong risks of a continued collapse in asset values in world real estate and equity markets. That said, one key practice in speculation, no matter how strong one’s conviction in a particular trade, is to understand the other side of that trade and how [...]

I have no strong opinion on near term market direction. I was prepared for this little downward correction, as for the larger bounce off 666 on the S&P500, but am highly ambivalent about where we go from this juncture.
Has this been a four month flat correction?
A case can be made that the entirety of market [...]

Red sky at night, sailor’s delight
Red sky at morn, sailors be warned.
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Technical musings
In recent trading days we have seen various indicators reach levels that, had they occurred together during another set of social and economic conditions, would have warranted an aggressive bullish stance. As they have arisen during the greatest depression and stock market collapse [...]

Mish has composed a detailed post on the many ways in which the vociferous Peter Schiff has been dead wrong on just about everything in this crash (the two actually had a little debate in December 2007). Mish’s post is essential reading for anyone who is considering following Schiff’s investment advice. In his own way, [...]