TMFGortok

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TMFGortok commented on an article. 11:53 AM

One-Third of You Think the Economy Is a Mess: Here's What That Tells Us

"Quantitative easing was said to guarantee high inflation" And it has. Inflation is the expansion of the money supply. The money supply under the Federal Reserve has expanded. This may not have resulted in price inflation

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TMFGortok commented on an article. 10:37 AM

The Crash of 1929, and Why to Never Trust Forecasts

It's really interesting that even in 1929, they used speculators as scapegoats. Great article, Morgan.

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TMFGortok commented on an article. 11:32 AM

Joseph Stiglitz on Economic Growth After World War II

The tax rate fell precipitously after WWII. Of course, that wasn't mentioned in the text.

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TMFGortok commented on an article. 10:45 AM

Twitter: The Carnival Barker of Investing

I've taken quite a few Twitter breaks (my twitter is @gortok, for anyone who's really interested), and I have to say that every time I've taken a 'break' from twitter, I've felt better for it.

Scott Hanselman

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TMFGortok commented on an article. 12:09 PM

Gold: Golden for the Wrong Reason

If Gold isn't valuable, then why did the US government in the form of Franklin Delano Roosevelt go to great lengths to confiscate it from US citizens in the 30s?

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TMFGortok commented on an article. 8:28 AM

4 Interesting Charts From the President's Economic Report

I think putting government spending as a share of GDP masks some problems with it, especially since government spending is calculated as part of GDP (which really doesn't make any sense, but that's a whole 'nother story).

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TMFGortok commented on an article. 12:31 PM

Cyprus' Unprecedented Bailout: More Common Than You Think

Morgan, there's a third option other than the levy and inflation: Doing nothing. Let the bad debt be liquidated, and fractional reserve banking fail. The house of cards is going to come crashing down at some point, it may as well

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TMFGortok commented on an article. 1:16 PM

How the Postal Service Is Being Gutted

Private companies cannot (by law) deliver First Class mail. Only the USPS can do that.

To say that the USPS 'competes' with private companies is a misnomer, since it fills a void the other companies (by law)

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TMFGortok commented on an article. 3:38 PM

The Sequester, and How Not to Solve a Budget Problem

The 'cuts' are cuts in spending increases. Next year we will still spend more than we did this year, and the next year, and the next year, well, you get the idea.

The cuts that are enacted in this fiscal year

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TMFGortok commented on an article. 12:57 PM

Don't Blame the Fed for Your Own Investment Mistakes

@wasmick The difference is that with Gold, there is a finite, stable supply of gold in existence. The amount of gold in existence does not expand and contract at the whim of a political entity. That means that a dollar bill will

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TMFGortok commented on an article. 9:07 AM

Don't Blame the Fed for Your Own Investment Mistakes

Morgan,

I love your articles because they take a unique approach to defending mainstream views.

While your article does rightfully point out that we have free will, it misses the point of

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TMFGortok commented on an article. 8:57 AM

Don't Blame the Fed for Your Own Investment Mistakes

In a world without the Federal Reserve, hopefully interest rates would be set by the market; or even better, money would be backed by something more than 'the full faith and credit' of an entity that frequently 'revises' and changes

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