Canada Day Weekend Reading: The Economy

Happy Canada Day weekend!

In today’s weekend reading, I highlight posts that focus on the economy and investing, with a couple extra posts thrown in for good measure! Here it is:

• Beating The Index talks about Alberta’s cardium oil formation, who the key players are, and what they are currently sitting on.
• Andrew Hallam has a sad, if humorous tale about a friend of his who is a walking crystal ball through his investment mishaps and misfortunes! Go and see what he is investing in next! Andrew Hallam was also recently featured in The Globe and Mail; nice job!
• The Wise Buck talks about deficit spending and the bloated public sector.
• Let A Thousand Nations Bloom is running a series on secession, and has a few interesting posts up, such as American Indian sovereignty, economic secession, and creating new states as examples and competition for the rest.
• Financially Digital has a post up about the Phillips Curve and you.
• Looking to invest in gold or other precious metals? You might want to read Daniel Amerman’s article about hidden gold taxes.
• Singularity Hub talks about increasing automation in the economy, and how it leads to the creation of new jobs and helps the economy.
• On the other side of the automation debate, CNN has an article up, titled “What if there’s no fix for high unemployment?“
• 20s Money ponders why we always seem to be just getting by.
• Watson Inc. asks if the economy will collapse in 2011.
• From Saving Money Today, you know the economy is still in trouble when….
• Monevator rails against “McJobs”, and the white collar lifestyle.
• The Wall Street Journal has an article up about why Friedrich Hayek is making a comeback through his seminal work, “The Road to Serfdom“. They also have a post up about the striking Chinese workers.
• Naked Capitalism has a guest post up about oil and the American dream. There is a sad photo there of the American flag lying at the bottom of the sea floor, along with oil and dead crabs. Why is the oil spill taking so long to clean up? Why has the US refused help from other nations? The impacts on the economy and on the country from this mess will undoubtedly be profound.
• The Daily Capitalist has a nice series on on whether we will have deflation, inflation, or hyperinflation. Jeff also has a good primer on the nature of money told in the form of a fable.
• Inflation or deflation, which is it? Check out Balance Junkie’s post to find out his answer.
• The Mises Economics Blog has a couple of interesting posts up; the first is about how the Keynesian fallacy that government spending adds to an economy’s health, and where all that government spending has really gone.
• From the MMT perspective, billy blog posts on how deficits are our savings. I like to play devil’s advocate and see how the arguments are presented on multiple sides of the debate.

I was featured in the following carnivals and posts over the last week; I sometimes fail to receive ping backs , so please let me know if I forgot to mention you! Here they are:

• Barbara Friedberg Personal Finance: PURE PERSONAL FINANCE SATISFACTION; Enjoy a Delightful Menu of Inspiring Reading
• Beating The Index: Weekend Edition
• Everyday Tips and Thoughts: Some of My Favorite Posts For the Week Ending 6/26
• My Own Advisor: Canada Day Weekend Reading
• Out of Debt Again: Friday Finds June 25th, 2010
• Personal Finance By The Book: GRABBBR Giveaway / Weekly Roundup
• Tight Fisted Miser: Personal Finance Links – Minimum Wage Edition

Video: “Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

Have a good weekend, and see you next week!