Investment Rarities Incorporated
History |  Q & A  |  Endorsements  |  Portfolios  | Flatware | Gold Coins  |  Silver Coins  |  Contact |  Home

Products

Jim Cook

 

WILL THE LAST ONE LEAVING
MINNESOTA TURN OUT THE LIGHTS

Here in Minnesota it’s May 3rd, and we are having another snow storm.  Since returning from Florida in early April we have had snow storms each week of 8, 10 and 11 inches.  It’s been so cold my wife has admonished me at least twice daily that we should have stayed in Florida longer.

..Read More »

The Best of Jim Cook Archive

 
Best of Doug Noland
September 4, 2012
archive print

History is littered with devastating monetary fiascos.  I have shelves stacked with books that recount in lurid detail the havoc wrought from money and credit-induced boom and bust dynamics.  Each episode has its own nuances – i.e. differences in the nature of prevailing credit instruments, financial institutions, leveraging methods, governmental oversight and responsibility, and varying market, economic and societal ill-effects.  Yet in virtually all cases, the postmortem was similarly unequivocal: the inflation of money (various monetary instruments) was understood as a root cause of booms that ended with great economic and social hardship.  I most cases, there were aspects of an increasingly unwieldy escalation of money printing/debasement – along with, of course, all the attendant rationalizations, justifications and assurances