From "The Haiku Economist" #2 of 2 on page 129

The most powerful

econ force in U.S., Fed,

should be audited!

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 127

The Fed is the source,

not the cure, for inflation.

Take that to the bank!

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 127

The Fed, following

the Great Depression with the

Greater Depression?

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 125

Fed counterfeiting:

"monetary policy,"

they like to call it.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 123

The dollar was one,

but now worth 5 little cents—

all thanks to the Fed.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 123

Artificially
low interest rates always make

house prices go boom.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 121

The Fed's history:

Robbing widows and orphans

since 1914.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 121

Inflating money.

Prices rise; who is to blame?

"End the Fed," says Paul.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 1 on page 117

Hyperinflation:

A predictable result

of fiat money.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 115

Malinvestments come

from artificial excess

in money supply.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 115

Inflation: Increase

in money supply. Increased

prices? Just the effect.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 113

"Hoarding" money is

just holding more than others

think you should, you know?.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 111

Unlike the dollar,

governments cannot print gold.

That's gold's great virtue.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 111

What backs the dollar?

Not gold, not silver—nothing

but more of the same.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 109

Money from useful

goods did not originate

in another way.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 109

Fractional reserves:

two claims on the same deposit.

so bank runs, of course.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 107

Silver coins once, now

sandwich tokens, since sixties'

debasing money.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 107

Inflation takes from

last who receive it; gives to

those first to get it.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 105

Gold maintains value.

This fiat is fraudulent;

gold is true money.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 103

Inflation does more

than raise prices; distorts all 

capital, as well.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 103

Gold is people's choice

in money, not this fiat.

Here we are, despite.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 1 on page 99

If raising taxes

cured deficits, it would have

happened long ago.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 97

Market is result

of human action, but not

of human design.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 97

Malinvestments need

to be liquidated, so

good ones can resume.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 95

Economics: The

study of scarce resoures,

shocking conclusions.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 95

No-good do-gooders

do more harm than good, with their

interferences.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 93

Competition is

rivalry in attracting

consumers, not graphs.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 93

For recovery,

let failed businesses fail, and

then consumers rule.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 91

The burden of Gov

is total spending, not just

total taxation..

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 91

Stimulus: Money

from Paul, to give to someone

with the name Peter.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 89

Thinking in terms of

perfect competition is

not reality.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 87

Gov regulation

teams the state and businesses

against consumers.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 87

Pursuit of profits

brings interests of buyers,

and sellers together.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 85

Oh, what a cozy

relationship it is, for

D.C. and Wall Street.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 85

Index of Econ

Freedom reveals Haiti is

nearly the last!

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 83

Sales tax, and others,

literally do tax some

into poverty.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 83

What is licensing?

Protecting the licensed from

those low selling prices!

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 81

Opportunity

costs mean more of A, less of

B, as in "trade-off."

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 81

A destroyed city:

Is it from bomb damage, or

is it rent controls?

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 79

Production does more

to alleviate world needs

than does charity.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 79

Great econ lesson:

Opportunity cost: the

actual price paid.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 77

Job strikers call job

seekers "scabs." Some working-class

solidarity!

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 77

Unions get more pay;

others, less. It's a worker-

versus-worker thing.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 75

At marginal costs

and marginal revenue,

profits maximize.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 75

Great econ lesson:

The law of unintended

type consequences.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 73

"Too big to fail" means

actually, in fact, too

connected to fail.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 71

The Socialists called

for removal of prices,

money; got chaos.

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 71

The National Debt

sixteen trillion—your share just

as staggering, too.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #2 of 2 on page 69

Don't you worry; your

government won't go bankrupt.

They'll tax you broke, first.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #1 of 2 on page 69

Don't you worry; your

government won't go bankrupt.

They'll kill the dollar.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #2 of 2 on page 67

The "cash for clunkers"

program destroyed the used cars.

That's good for the poor?

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #1 of 2 on page 67

Trade deficits are

accounting statistics that

don't account for gains.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #2 of 2 on page 65

The Pilgrims changed to

private-property basis,

and flourish they did!

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #1 of 2 on page 65

At first, Pilgrims tried

a socialized production.

They nearly all starved.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #2 of 2 on page 63

Speculators do

what smoke detectors do, too:

warn us of bad things.

 

"The Haiku Economist" by Jim Cox

 

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From "The Haiku Economist" #1 of 2 on page 63

Free prices result

in an organic order,

but top-down doesn't.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 61

Minimum wage wrecks

job opportunities for

low-skilled poor people.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 61

Government health care:

not any more attractive

than public housing.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 59

Stock market, high-tech

stocks, housing, clunkers, bubbles—

all from phony funds

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 57

My old favorite

candy, spotted on the shelf.

Thanks, advertising!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 57

Summer rates go up.

Supply and demand, you know,

or else, shortages.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 53

Keynes' multiplier:

Beats working for a living.

It's stones into bread!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 53

On labor theory

of value, Marx ran aground

economic thought.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 51

Is "malinvestment"

a term unknown to mainstream

Keynesian theorists?

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 51

Bastiat: famous

for the distinction of the

seen and the unseen.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 49

It's known as Mises'

Law: Intervention begets

next intervention.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 49

The boom plants the seeds

for the later bust - See the

Boom-Bust video!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 47

Seventies should have

put an end to Age of Keynes.

Instead, he's baaack!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 47

Markets will progress

by creative destruction,

as Schumpeter said.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 45

Phillips Curve: What a

crock! Generations misled.

No trade-off at all!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 43

The L.V.M.I.,

bringing Austrian theory

to people worldwide.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 43

From "The Haiku Economist" #2 of 2 on page 41

Rothbard's Law: It's known,

economists specialize

in their worst topic!

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #2 of 2 on page 41

Jefferson stood for

balanced budgets, versus

Hamilton for debt.

 

"The Haiku Economist" by Jim Cox

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From "The Haiku Economist" #1 of 2 on page 41

Friedman: Inflation

everywhere, and always a

monetary thing.

 

"The Haiku Economist" by Jim Cox

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