Oops I forgot the link to promote this week's Mises Circle.

I'm saving a front-row seat for Gene Callahan.
 

See you in San Francisco, Bob!!
 

Any theories for why gold isn't above a thousand but s&p is?
 

I would say that the S&P growth is fueled by the Fed/Obama/Bush stimulus packages and represents a new bubble. Also, how many S&P companies are direct recipients of stimulus money? Wouldn't such an increase drive stock prices upward?
 

We need immediate action in the direction of creating a sound money that everybody could use in their daily businesses. If a virtual money was created that has a daily quotation in all main newspapers, and that reflects the devaluation of the dollar, Euro, Yen, etc.against it, people could use it to keep their books expressed in that currency.
For example, a basket of 9 different metals, plus the value of energy, a percentage of the volume of West Texas (or Brent) oil.
Take the weight of the 9 different metals that may be purchased with one of today's dollars, and the volume (in barrels) of WT oil, add them up together and check daily the price of those weights and volume and compare it to the dollar. And immediatelky we´ll have a reference money in which accounts may be expressed, without the need for any inflation correction.
We could call that unit of virtual currency One Tamer, since it will be the tamer of governments all over the world.

I believe this idea could be the salvation of the common people who know nothing about economics. If it were to be picked up by the media, or at least internet, and it became widely used, we might make a large change in the manner in which people value things.
 

I have two theories, Anon:

(A) I am an idiot.

(B) Everyone on Wall Street is an idiot.