Not Your Father’s Money Supply

I’ve finally gotten a chance to read through some of JohnWilliams’ website Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting. It’s an horrible title – to me it connotes fringe wacko theories about FEMA and Mt. Weather. It is, in fact, conclusive academic analysis of some of the nagging suspicions I’ve had forContinue reading “Not Your Father’s Money Supply”

WHITE ELEPHANT

Someone (or something) posted a question earlier today asking, “What is a white elephant?” From Wikipedia: A white elephant is a valuable possession which its owner cannot dispose of and whose cost (particularly cost of upkeep) exceeds its usefulness. Examples include the Spruce Goose and the house in which I spent my childhood.