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George Reisman's Lecture

I just listened to George Reisman's lecture, for the third time, on a pro-free market solution to the banking crisis.  Unlike some libertarians who jump right to a gold-backed currency and end to fractional reserve banking, Dr Reisman presents a step-by-step approach to how to handle this.  I've never seen a solution such as his presented before.  It's definitely worth 30 minutes of your time. 

A great TED talk

This guy is apparently an ad man.  Don't hold it against him.  He seems to understand Austrian economics very well (even though he may not know it).  


I can't describe what this site is, but if you have at least 4 hours to burn you will want to read every single story.  



column-oriented databases

I briefly wrote about these a few weeks ago in this blog post.  I believe Michael Stonebraker is credited with "inventing" this technology, although it's really been around since the 1970's.  I was tasked at evaluating column-oriented databases after management read about these in a trade journal and thought it might be applicable for our fast-growing analytics system.  He's possibly right. Fast data access is the cornerstone.  (read more here)

CPI and Inflation


There's been a lot of talk lately about inflation...specifically about lowering the fed funds rate to get us out of this credit crisis.  Generally lowering the fed funds rate risks further inflation.  Some pundits have been saying that inflation is not an issue since the price of oil has radically fallen from $145 to $100, the price of gold has fallen, the buck has risen, etc.  I don't want to argue the merits of rate cuts...only to show that we should NOT rely on the CPI or government inflation data to determine what true inflation really is. 


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