$34.95

 

Index

Symbols
$20.67 per ounce of gold 94, 112, 167
$30 per ounce of gold 115
$33 per ounce of gold 115
$35 per ounce of gold 97, 100, 162
$38 per ounce of gold 100
$42 per ounce of gold 100
$250,000 per spouse long-term capital gain 129
6-sigma 230
6-unit apartment building 199
8-standard deviation event 16
9/10s of the law 146
9/11/01 126, 127
11th District Cost of Funds 133
13-sided coin 43
14% interest rate 222
15% long-term capital gain tax rate 161
18 U.S.C. 332 164
25-standard-deviation event 16, 227
28% long-term capital gain tax rate 161
30-year mortgage 274
65 years old 251
100% tax rate 108
100-year flood 16
401(k) 15, 153, 237, 269
529 of the Internal Revenue Code 18, 255, 271
1031 131, 177, 178
1099 158
1836 81
1837-1866 92
1849 gold discoveries 92
1863 88
1867-1960 99
1870 87
1871 87
1878 87
1914 94
1915 Elm Street 198
1929 stock market crash 7, 128, 173, 261
1932 190, 261
1932 prices 76
1933 88, 167
1964 88
1970s 232
1971 162
1974-5 68
1975 88
1977 88
1979 207
1980 73, 163
1981 3
1987 16, 227
1987 stock market crash 16
90210 14
A
AAA rating 188, 228
above-market prices 114
abroad 130
abuse 55
accounting tricks 206
Acheson, Dean 97
ACORN 117
acreage 246, 251, 253, 254
active investing 37
active solar 147, 150
actuary science 90
Adams, John 8
addicted 179, 183
add value 279
adjustable-rate loan 61, 70, 133, 202, 213, 214, 219, 238, 246
adjust for inflation 18, 77, 81, 188
adjustment of principal 132
advance purchase 276
Aegina Chelone (Greece) 88
Afghanistan 3, 33, 49
AFL-CIO 71
Africa 208
after-tax dividend 185
after-tax interest rate 70, 235, 236, 279, 280
after tax returns 112
Against the Gods 283
against the winds 34
Aggressive Tax Avoidance for Real Estate Investors 283
aging populations 208
Agricultural Administration Act 98
agricultural commodities 92
Agricultural Marketing Act 95
agriculture 228
AIG 83, 104, 124, 225, 243
AIG FP 229
AIME 139
air-conditioner compressor 275
air-conditioning 149
aircraft 189
airline miles 59, 178, 193
air traffic controllers 71
Alabama 252, 271, 272
Alamo, CA 150, 151
Alaska 62, 93, 159, 252, 278
Alaska gold rush 31
Alberta 98
Albert, Eddy 148
alcohol 69, 179
algorithms 227, 228
Aliber, Robert 284
Alien and Sedition Act of 1798. 270
alimony 246, 253
All About Eve 50
Allende 141
allocative inefficiency 64
Allstate 170
all-term hedges 262
alternate forms of money 58, 78
Alternative Exchange Movement 183
alternative minimum tax (AMT) 130
alternative money 194
altitude 154
aluminum ladders 264
aluminum shingle 151
aluminum siding 151
Amazon 183, 264
Ambassador to England 117
America 281
American Eagle 165, 172
American Federation of Government Employees 71
American Federation of Labor 76
Americans With Disabilities Act of 1990 281
American West 159
American Wild Turkey 159
Amherst 149
anarchy 151
Angola 118
annuity 18, 59, 72, 79, 96, 247
anti-business 72
anti-creditor laws 248
anti-deflation tactic 78
anti-fraud law 171
anti-growth laws 208
anti-hoarding campaign 119
antiques 161
Antiques Road Show 158
anti-rich people rhetoric 72
anti-war protestor 3
Anza-Borrego Desert State Park 156
apartment management 61
apartments 203
AP class 148, 149
appliances 151, 201, 245, 253
appraisal 54, 172, 184, 228, 239
appreciation rate 12, 202, 221, 223, 275
arbitrage 45, 224
arbitration 221, 226
arcade tokens 194
Archduke Ferdinand 94
Argentina 6, 7, 9, 52, 58, 63, 93, 108, 117, 118, 140, 195, 231, 232, 270
Ariely, Dan 284
Arizona 194, 249, 252, 279
Arizona anti-deficiency judgment statute 249
Arizona Herald 194
Arizona Revised Statutes 249
Arkansas 252, 254
Armageddon/anarchy 151
ARMs 61, 138, 202, 219, 238
Army 14
Army officer 257
Ars Cogitandi 89
arsonist 10
art 12, 47, 254
Arthur Anderson 257
Article I 90, 91
artiste 47
Art of Asset Allocation 237
Ascent of Money 6, 28, 36, 54, 85, 92, 105, 189, 203, 283
Asia 44, 102, 205, 208, 209, 228, 257
aspirational words 43
assault 197
assay 169, 171, 180, 264
assessment 247
assessor 199
asset class 265, 266, 271
asset price bubble 34, 35, 38, 41, 141
asset value 81, 84, 229, 268
assignats 90
assume no inflation 269
assumption 223, 239, 264, 280
Astmax Commodity Index (AMCI) 140
athletic equipment 254
Atlas Shrugged 9
AT&T 185
auction 3, 239
auditors 155
audits 146
australes 63, 117, 140
Australia 129, 140, 207, 209
Austria 118
Austrian Business Cycle Theory 64
Austrian School of Economics 31, 46, 284
authority 61
automated panic 227
automatic inflation adjustment clause 268
avalanche 6, 28
Aztec Properties, Inc. v. Union Planters Natonal Bank of Memphis 169
B
Baby Boomers 2, 4, 50
backed by gold 88
back to basics 76
bad economic news 83
bad instincts for investing 276
bad loans 125
Bagehot, Walter 93, 121, 262
Bailey, George 66
bailout 3, 123, 124
bailout money 243, 262, 263
balance budgets 127
balance sheet 273, 277
balloon payment 3, 122, 197, 224, 273, 274, 275
bank account 236, 240, 247, 255, 256
bank depositors 258
bank deposits 12, 14, 15, 16, 17, 57, 59, 73, 78, 109, 111, 112, 117, 123, 157, 168, 195
bankers 76
bank failures 7, 66, 258
bank holiday 91, 92, 93, 94, 96, 119, 125, 127, 183
Banking Act 97, 98
Bank of America 120
Bank of England 86, 90, 91, 92, 125
Bank of Japan 81
Bank of North America 90
Bank of the United States 8, 92, 95
bank profits 84
bank regulators 125
bank reserve ratio 98
bank runs 61, 97
bankruptcy 4, 5, 19, 25, 63, 64, 79, 81, 82, 89, 90, 94, 101, 103, 109, 118, 121, 126, 127, 149, 151, 156, 157, 158, 186, 189, 190, 204, 214, 243, 245, 248, 251, 252, 254, 255, 258, 259, 270, 274, 275
bankruptcy balance sheet 254
bankruptcy exemption 270, 274, 279
bankruptcy law 19, 77
bankruptcy lawyer 273
bankruptcy planning 245, 249, 266
banks 18, 85, 193, 263
bank statements 93
bank stock 126
Banque Generale 90
Banque Royale 90
Bardi Bank 89
bargain prices 190
Barings Bank 83, 103
BART 153
barter 13, 18, 19, 26, 58, 69, 71, 79, 97, 118, 122, 131, 147, 173, 177, 179, 181, 183, 191, 266, 276
barter clubs 102, 182, 183, 194
barter directory 181
barter markets 193
barter-only times 178
barter skill 179, 181
Basel I Accord 102
Basel II 104
base metals 264
Basic Economics 71, 137, 163, 194, 283
basis 131
basis adjustment 129
basis risk 216, 222, 225, 263, 276
basket of consumer goods 135, 194
beads 173
bearer bond 85, 195, 233
bear-skin shawl 145
Bear Stearns 104, 124, 225, 259, 262
Beautiful Mind 40
beaver pelts 178
bed-and-breakfasts 179
bedding 253, 254
beef 109, 202
beggars 76
behavioral economics 28
behavior change 108
Beige Book 39
Belarus 118
bell curve 15, 90, 226, 227, 229
below-market conversion rates 101
below-market interest rate 111, 123, 218
below-market interest rate bonds 270
Belsky 284
benchmark interest rate 246
beneficiaries of life insurance policies 72
benefits 136
Berkshire Hathaway 242
Bernanke, Ben 1, 3, 4, 28, 29, 35, 49, 63, 80, 104, 122
Bernouli, Daniel 90
Bernouli, Jacob 90
Bernstein, Peter 283
Bernstein, William 169, 181, 283
best able to bear risk 54
best practices 226
Best Practices for the Intelligent Real Estate Investor 11, 37, 276, 283
beta 227
Bethlehem 149
Bethlehem Steel 257
better off 147
betting ticket 14
Beverly Hills 14
Bible 106
bid and ask 226
bid-ask spreads 139
bidders 3
Big Short, The 120, 222, 229, 242, 243, 259, 283
bills of credit 170
bills of exchange 91
birthrate 257
Bismarck, Otto von 52
Bituminous Coal Conservation Act of 1935 98
Black, Eugene R. 96
black market 58, 59, 63, 114, 195
black market price index 59
Black Monday 102, 273
Black-Scholes option-pricing model 100, 223, 230
Black Swan 23, 276, 283
Black Swan fund 276
Black Swan Protection Protocol-Inflation Fund 276
Black Thursday 95, 273
Black Tuesday 95, 99
blame 35
blank checks 70, 108, 139
Bloomberg 138
Bloomington 149
BLS 134, 137, 140, 194, 238
blue book value 73, 183
blue chip stocks 7, 185, 186
Blue, Vida 115
bluff 40
BNP Paribas 104
Board of the Commodities Exchange 101
boat 74, 273, 274
Bogle, John C. 38, 283, 284
Bolivia 58, 63, 118, 231
Bolshevik Revolution 13, 46
bond 209, 214, 219, 224, 226, 227, 235, 236, 243, 247, 255, 266, 271, 275
bond arbitrage group 103
bond auction 3
bond-buyer-to-mouth 84
bondholders 194
bond issuer 243
bond market 2, 111, 243
bond mutual fund 267
bond rating agencies 242, 257
bonds 3, 7, 10, 12, 16, 18, 19, 43, 45, 48, 57, 59, 64, 71, 72, 79, 81, 83, 85, 105, 134, 141, 158, 168, 186, 188, 200
bond trader 24, 243
Bonus Marchers 96
bookies 69, 243
books 254
Bookstaber, Richard 51, 145, 222, 225, 262, 263, 283
boom 13, 25, 34, 37, 38, 50, 52, 64, 69, 78, 95
boondocking 155, 156
borrow 8, 48, 49, 78, 232
borrowing costs 138
borrowing short and lending long 118
Bosnia-Herzegovina 118
bosses 48
Boston U. 5
Botaneiates, Nikephoros III 89
bottom 190, 198, 261
boycott 106
bracket creep 130
Bradley, Joseph P. 87
Brain Trust 26
brake 36
brand-name 264
brand new car 183
brass 172
Brazil 5, 9, 44, 58, 63, 96, 103, 118, 138, 140, 194, 231
breach of fiduciary duty 246
Brenner, Dr. M. Harvey 68
Brentwood 254
Bretton Woods Agreement 99, 100, 169
bribe 14, 117
bribe the screws 183
Britain 42, 46, 65, 95, 102, 126, 166
British Bank Act of 1844 92
British Panic of 1847 92
British pound 51, 82, 93, 102, 114, 205, 206, 209
broad-based commodity index 18, 268
broadening the base 278
Brodrick, Sean 284
brokered deposits 241
broke the buck 102, 232
Bronson v. Rodes 93
bronze 89
Brookings Institute 12
Brooks Brothers 181
Brooks, David 49
Brooks, Mel 88
Brown, Nicole 253
Brunswick 149
Bruss, Robert 133
Bryan, William Jennings 93, 105
bubble assets 38, 54, 69, 102
bubble, dot-com 54
bubbles 38, 41, 189
Buck, Pearl 65
budget problems 272
budget surplus 111
Buffett, Warren 242
building and loan association 66
building materials 245, 254
building permits 82
buildings 83, 189
Bulgaria 118
bulky 174
bullion 96, 172
bumpy night 50
Burberry 181
bureaucracy 224
Bureau of Engraving and Printing 93
Bureau of Labor Statistics 133, 134, 137, 138, 141
burglary 13
burial plot 253, 254
Burns, Arthur 41, 99, 100, 171
Burns, Scott 5, 107, 110, 283
Burry, Dr. Michael 120, 259
buses 153
Bush, George H.W. 107
Bush, George W. 43, 103, 104, 185
Bush II 108
business 131, 146, 220, 273
business cycle 46, 284
business experience 26
business honesty 207
Business Men’s Club 194
businesspeople 11, 69, 146
business-to-consumer 248
BusinessWeek 64, 188
bust 25
butterfly effect 24
buy and bail 217
buy everything now 147
Buy Gold Now 50, 51, 200, 207, 240, 283
Byzantium Empire 89, 104
C
cable cars 153
Cadillac 14
CAFE 119
Cagan, Phillip 9, 73
cajoling 116
calculus 157
California 31, 58, 63, 67, 70, 86, 92, 94, 106, 127, 148, 149, 150, 151, 154, 159, 194, 245, 246, 249, 251, 252, 254, 272, 277, 278
California Anti-Deficiency Judgment Statute 249
California Code of Civil Procedure Section 580(b) 249
California Consumer Price Index 247
California gold rush 86, 92
California income tax brackets 247
California property taxes 247
California State Constitution 247
call 210, 237, 238
callable 122, 237
call mortgages 122
call option 221, 277
call provision 241, 242
Camden 128
CAMEL 215
camel’s back 6
Canada 7, 44, 98, 109, 181, 208, 257
Canadian coins 165
Canadian dollar 205, 209
Canadian stock market 45
canal mania 91
canary in the mine 24
cancer 23, 28
candy bar 15
Canetti, Elias 66
canned goods 245
capacity 182, 215, 248
cap and trade 72
capital 215, 275
capital asset 70, 72, 74, 83, 138, 188, 200
capital asset sellers 17
capital controls 41, 45, 109, 112, 113, 122, 123, 273
capital flight 114
capital gain 38, 129, 135, 183, 235, 277
capital gains tax 158
Capital Ideas 283
Capital Ideas Evolving 283
capital inflows 51
capitalism 46, 54
capital loss 235
capital markets 3
capital requirements 125
capital reserves 103
capital reserves of 8% of their corporate loans 102
caps 219
captive audience 124
car 12, 13, 18, 83, 152, 189, 268, 273, 275
carbon monoxide 151
car dealer 17, 234
career 279
Caretaker Gazette 155
car insurance 152
car loan 246, 274
Carmichael vs. Southern Coal & Coke and Gulf States Paper 50
carpenter 15
car repairs 152
cartel 30, 119, 188
cartel of inflating countries 122
cartels of manufacturers and service providers 115
Carter, Janet 154
Carter, Jimmy 42, 73, 100, 101, 116
Case-Shiller Home Price Index 133, 198, 204, 222
cash 12, 14, 15, 59, 84, 159, 247, 255, 263, 274, 275
cash and carry 59
cash-flow schedule 275
cash in- and out-flow schedule 275
cash in a safe deposit box 18
cash management 61, 62
cash value life insurance 16, 17, 18, 59, 71, 72, 79, 126, 267, 275
casualty insurance 268
catastrophe 18
Catholic Church properties 90, 154
Cato Institute 115
cattle 173
cause and effect 24
caveman 145, 276
ceiling 84, 201, 202, 213
celebrity commodity 162
cell phones 136, 264
censorship 32, 70
census 93, 136, 137
Center for Research in Security Prices 187
Centers for Medicare and Medicaid Services 108
central banks 8, 87, 121, 122, 169, 209
Central S&L 233
CEOs 48
certificates of deposit 12, 15, 16, 17, 59, 73, 79, 83, 236
Certificates of Deposit Inflation-Protected (CDIPs) 241, 242
certified check 195
CFTC 103
chain letters 38
chain, link 28, 259
chain retail stores 198, 199
Challenger space shuttle 224
change 26
changeovers of models 137
Channing, Margo 50
chaos theory 23
Chapter 6.1—Deeds of Trust 249
character 182, 215, 248
charity 74
Charlottesville 149
charter 4
Chatham 194
chauffer’s quarters 7
cheat 110
checking accounts 41, 100, 101, 111, 123, 125, 180
checks 14, 73
Chernobyl 222, 224
Chernow, Ron 5
Chicago 125, 127
Chicago Board of Trade 92
Chicago Board Options Exchange 100
Chicago Business School, U. of 187
Chicago-Gary-Kenosha 137
Chicago Mercantile Exchange 93, 139, 226
Chicago Produce Exchange 93
chicken 115, 148
child support 246, 253
Chile 96, 118, 141
Chilean peso 141
Chilean Unidad de Fomentos 133
China 46, 65, 71, 89, 91, 94, 113, 118, 122, 123, 165, 205, 207, 208, 209, 210
China Syndrome 71
Chinese Red Cross 207
chlordane 152
Christian 258
chromium 162
Chrysler 124, 190, 257
church pew 254
CIA World Factbook 1
cigarettes 183, 279
circuit breaker 127, 191
Circuit City 257
circulating coins 165, 172, 213, 265
Citibank 70, 211
cities 193
City Trust & Savings Bank 125, 233
civil disobedience 58
Civilian Conservation Corps 96
civil servants 72, 139
Civil War 33, 52, 58, 61, 72, 81, 86, 87, 90, 105, 120, 167
claim 11
Claremont 149
classical gold standard 85
classic road to bankruptcy 263
class warfare 116
clause, gold 81
cleaning 159
clearinghouse check 195
clear skies 159
climate 149, 202, 279
climate control 149
Clinton Administration 26, 78, 103, 108, 129
Clinton, Hillary 26
Clooney, George 242
closing exchanges 126
closings 61
clothing 245, 253, 254, 264
CME Group 216
Coach Leatherware 264
coarse 145
Coca Cola 181
Cochems, Eddie 281
C.O.D. cash only 73
Cohan, William D. 283
Cohn, Richard 187
Coinage Act of 1792 86, 91
coincidence 24, 182
coincidence of wants 182, 183
coinflation 165, 172
coins 27, 53, 86, 88, 90, 152
co-insurance clause 268
coin toss 202
COLA clause 71, 138, 140, 268
Coldwell, Philip 50
Colgate 149
collateral 79, 85, 121, 182, 215, 242, 248, 259, 262, 263, 268, 274
collateralized debt obligation (CDO) 242
collateralized mortgage obligation 102
collectibles 112, 158, 161, 172, 184
collector coins 88
college 272, 275
college grads 156
college savings accounts 275
college savings plans 157, 254, 255, 271
college town 148
Collingswood 128
Colombia 194
Colorado 93, 252, 271, 272
Colorado River 280
comical 115
Coming Generational Storm 5, 55, 107, 110, 206, 283
commercial bank 90, 95, 103
commercial building 250
commercial loans 101
commercial mortgage 248
Commin Commodity Index 140
commission 77, 158, 237, 241, 242, 267
commissioned salesmen 262
commissioned securities salespeople 119
commodities 18, 25, 45, 59, 63, 75, 77, 82, 85, 86, 94, 97, 102, 112, 131, 139, 141, 153, 158, 162, 164, 169, 171, 173, 179, 184, 189, 202, 203, 207, 210, 227, 265, 276
Commodities Futures Modernization Act 103
commodity backing 86
commodity exchange 97
commodity finders 276
commodity funds 140, 173
commodity futures 152
commodity index 140, 161, 173, 202
commodity markets 113
commodity price index 133, 275
commodity traders 24
common stock 18, 19, 57, 186, 188, 215, 275
communism 209, 281
Communist Manifesto 92
Community Bankers US Government Fund 102, 232
Community Reinvestment Act of 1977 100, 111
commutes 153
comparative advantage 44
compensation 253
competition 182
complexity 8, 54, 145, 222, 224, 225
Comptroller of the Currency 98
computer/Internet era 178, 182
computer model 67
computer parts 264
computer programming 156
computers 24, 68, 119, 135, 182, 191, 232, 264
concrete 201
concrete driveway 151
concrete tile 151
Confederate dollars 207
Confederate money 92, 93, 106
Confederate soldiers 92
confidence 30, 39, 65, 68, 95, 166, 169
confiscation 20, 32, 161, 166, 168, 169, 180, 194, 238, 248, 251, 256, 270, 273
confiscation of gold 84, 122
conflict of interest 226
Congress 3, 4, 35, 36, 139
Congressional Budget Office 2, 20, 108
Congressmen 32
Connecticut 251, 278
conservation 150
conservative investments 269
conspiracy 108
conspiracy theorists 138
constant 273, 274
Constantine I, Emperor 89
Constitution 8, 120, 168, 169, 170
constitutional amendment 144
construction 77, 166, 214
construction loan 201
construction nomads 155
construction of new buildings 74
consultants 155
consumer 146, 152
consumer goods 194
consumer loans 246
Consumer Price Index 10, 39, 41, 57, 64, 81, 82, 133, 134, 136, 139, 141, 162, 167, 188, 202, 246, 268, 276
Consumer Price Index All Urban Consumers 133
Consumer Price Index Urban Wage Earners and Clerical Workers 133
Consumer Reports 117
consumers 26, 204
Consumer Savings Bank 100
consumer spending 38, 205
consumption 280
contagion 44, 72
Contango 173
Continental Congress 90
Continental-Illinois Bank 125
Continentals 72, 90, 106
contingencies 275
contract 31, 87, 96, 97, 104, 138, 139, 141, 171, 223, 248
contraction 47
contract terms 62
Contrarian Edge for Football Offense 281
contribution 269, 272
control, rent 266
conventional 249
conventional mortgages 100, 218
conventional purchase-money 249
convert their foreign-currency-denominated currency 103
cooling degree day 149
cooperation 96
co-pay 17, 59
copper 151, 162, 164, 172, 173, 174, 180, 201, 264, 265, 276
copper nails 151
copper wire 245
copyrights 59
Core Price Index (Consumer PI without food and energy) 133
corn 119, 148, 276
corner the market in silver 166
Cornwall Capital 259
Corporate Average Fuel Economy 119
corporate bonds 82, 242
corporate raiders 83
corporate stock 105
corporations 13, 80, 82, 85, 96
correlated 187, 266
corruption 107
Corruption Perception Index 207
cost-benefit analysis 275
Costco 181, 193
Cost of Funds Index (FHLBB) 133
cost of living 19, 57, 82, 130, 133, 134, 138, 139, 140, 268
Cost of Living Extremely Well Index (Forbes Magazine) 133
cotton 115, 171
Council of Economic Advisers 1, 5, 70, 107, 116
countercyclical 78
counterfeiting 9, 51, 90, 93, 109
counterparty 83, 275
counterparty failure 258
counterparty risk 79, 152, 154, 158, 170, 182, 209, 232, 242, 258, 259, 266, 268, 269, 275
counties 193
country folk 105
country (non-London) banks 91
Countrywide Financial 257
count the money very slowly 125
coupons 18, 59, 70, 178, 193, 195, 264
course corrections 223, 224
court challenges 194
court fees 246
courts 13, 77
Coverdell Education Savings Accounts 18, 272
covered short selling 126
cowrie shells 173
cows 148
Coyote camps 155
CPA 63
CPI 40, 58, 106, 134, 138, 139, 140, 162, 163, 186, 194, 202, 209, 237, 240
CPI basket 201
CPI clause 136, 173
CPI futures 139
CPI-indexed 108
Craigslist 74, 179, 181, 183, 264
crash 5, 33, 36, 37, 57, 73, 111, 204, 284
Crash of 1929 127
credit 25, 59, 72, 87, 194
credit card 14, 15, 62, 116, 274
credit controls 116
credit default swap (CDS) 120, 126, 127, 204, 225, 226, 229, 242, 243, 261
credit derivatives 226
credit downgrades 237
credit history 228
credito currencies 102
creditors 87, 245, 248, 255, 268
credit rating 80, 158, 235
credit report 218
credit risk 104
credits 178
credit union 234
cremation 254
crime 76, 153, 155
crime victim 253
crisis of confidence 30
Crissinger, Daniel Richard 94
Crocker National Bank 257
crop price supports 84, 115
crops 25, 90, 98, 106, 115, 148, 151, 202, 254, 255
cross of gold 93, 105
crowding out 45
crypt 254
crystal ball 17
Cuba 46, 113
currency 58
currency crisis 207, 241
currency-denominated assets 12
currency risk 43, 209, 210, 211, 237, 266
currency speculation 63
current account 27, 210
custodian 269, 270
customs duties 87, 141, 246
customs receipts 121
cut expenses 279
cut spending 4, 29, 31, 32, 41, 278
D
daily necessities 187
Dallas Federal Reserve 50
dam 280
Dante 181
Danville 149
Danzig 118
Darst, David 237
Dartmouth 149
dating services 182
Davis, Bette 50
day-after-Christmas sale 181
dead wood 159
deal fear 34
Death of Equities 64
death penalty 91
debased coins 89
debasement 29, 31, 34, 88, 89, 91, 104, 106, 113, 172
debt 17, 18, 19, 27, 38, 48, 51, 60, 69, 71, 77, 79, 83, 91, 94, 98, 112, 157, 181, 186, 189, 190, 200, 210, 213, 215, 216, 246, 262, 265, 276, 280
debt coverage 82
debt-free 79
debtor 57, 81, 103, 119, 248
debtor class 168
debt ratios 82
debt-to-asset value 82
debt-to-equity ratio 185
decency 66
decision-making executive 67
deductible 17, 59, 165, 171
deductions 279
deed in lieu of foreclosure 218
deed of trust 249
deer 159
default 4, 29, 30, 32, 37, 46, 89, 90, 91, 92, 93, 94, 95, 96, 97, 99, 101, 103, 117, 119, 204, 210, 225, 226, 229, 238, 242, 243, 247, 248, 278
default rate 228
Defense Base Closure and Realignment Commission 35
deficiency 203
deficiency judgment 218, 249
deficit 1, 4, 7, 20, 27, 33, 37, 41, 43, 50, 59, 77, 82, 110, 127
deficit-to-GDP ratio 1, 38, 234
definitions 9
deflation 27, 28, 30, 31, 34, 37, 38, 39
deflationary spiral 80
Deflation: How to Survive and Thrive in the Coming Wave of Deflation 279
deflation is not an option 104, 124
deflation liquidity 18
deflation protection 242
degree day 149
Delaware 252
delayed effects 49
delay retirement 55
deleveraging 25
delinquent property taxes 274
demagoguery 72, 105, 117, 123, 168, 224
demand deposits 97, 118, 123
Democrats 72, 92, 128
demolish 199
Demon of Our Own Design 51, 145, 222, 225, 262, 263, 283
DeNeufvilles Bank 90
denial 5
denominated in dollars 15, 17, 193, 264
denominated in shares 186
denominations 179, 182, 195, 239, 241, 264, 265, 276
dental 76, 154
Denver, John 58
Department Store Inventory Price Index 133
deposit insurance 13, 118, 121
depositors 126
depository institutions 101, 257
Depository Institutions Deregulation and Monetary Control Act of 1980 101
deposits 84
deposit safety 123
deposit verification 228
depreciation 189
depreciation deductions 129
depression 6, 7, 9, 11, 33, 39, 41, 45, 50, 68, 78, 80, 85, 92, 98, 119, 124, 148, 150, 158, 159, 165, 188, 189, 190, 195, 198, 199, 204, 229, 234, 237, 239, 248, 258
Depression diarist 248
Depression Diary 6, 57, 66, 185
depth 189
deregulation 33
derivatives 14, 92, 103, 105, 139, 170, 190, 204, 223, 227, 242
deteriorate 179
Deutsche Bank 226, 243
Deutsche Bank Liquid Commodity Index (DBLCIX) 140
devaluation 30, 34, 46, 96, 103, 112, 141
Diamond Match 187
Diamond, Neil 159
diamonds 188
Diary, The Great Depression: a 36, 154
dictatorship 281
diesel 156
differential equations 157
difficult-to-hedge speculation 241
digital cameras 264
diluting 14
dime 264
dinarii 89
Diocletian 89
Dionysius 88
dip 203, 222
directed credit 123
direct effect 11, 49, 60, 78, 181, 203, 215
dischargeable debt 273, 274
discharge-of-indebtedness income tax 132
discount 233, 235, 238, 239, 240
discounted passbook 234
discount percentage 193
dis-deflation 219
disinflation 66, 81, 202, 246
Dismal Science 23
Distressed Real Estate Times 75, 132, 216, 250, 283
District of Columbia 78, 96, 98, 251, 252, 254
diversification 18, 19, 186, 205, 229, 265, 275
dividends 57, 110, 127, 185, 186, 187, 188
divorce 246
DJIA 190
doctors 14
Doctrine of Odious Debt 110
do-it-yourself 132, 159
dollar 178
Dollar Bank 125
dollar-denominated assets 8, 11, 12, 17, 18, 27, 48, 57, 59, 60, 61, 68, 80, 84, 113, 130, 158, 186, 190, 193, 217, 219, 220, 233, 246, 248, 249, 255, 267, 276
dollar-denominated bank accounts 117
dollar-denominated bonds 73, 210
dollar-denominated contract 173
dollar-denominated creditor 73
dollar-denominated debt 217, 277
dollar-denominated income 130
dollar-denominated liabilities 277
dollar-denominated mortgage 73
dollarization 30, 65
dollar limit 245, 251, 252
Dollar Meltdown 79, 110, 180, 283
Dollar Savings & Trust 233
domestic bond default 103
domestic support obligations 246
domino effect 79
doomsday 151
do something 224
dot-com 198
dot-com crash 72, 103, 189
double-digit inflation 52, 73, 88, 122, 236
double-digit interest rates 188
double-digit unemployment 117
double diversifying 266
double up 74, 154
Dow Jones Industrial Average 82, 95, 98, 102, 103, 190, 261
Dow Jones-UBS Commodity Index 140
downgraded 237
downward-indexing 248
downward market spiral 262
drachma 88
driftwood 159
drug addicts 199
drug dealers 14
due diligence 54, 69, 182, 241
DUI debts 246
Dun & Bradstreet Country Risk Services 211
durability 14, 151, 179
durable 245
durable commodity 163
duration 118, 189, 204
duress 263
dust 178
Dust Bowl 278
Dutch Harbor 62
E
eagle 86
early 1980s 17
Early Modern Period 167
earmarks 258
earnings 127, 188, 189, 215
Easter Bunny 120
East Federal Street 199
easy credit 68
easy money 100
eBay 74, 179, 183, 184, 264
eBay the Smart Way 183, 283
Ecclesiastes 3:20 178
Eccles, Marriner B. 97
Econometric Society 5
economic adrenaline 165
Economic Consequences of the Peace 32
economic disarray 68
economic expansion 40
Economic Facts and Fallacies 283
economic free speech 70
economic isolation 25
economics 11, 157
economics professors 13
economist 3, 25
Economy Americana 42
economy, controlled 114
ECU 194
Ecuador 194
Edict of Prices 89
education 13, 156, 272
educational inflation 135
education loans 246
education savings plans 18
Edward VI 89
eggs 148
Egypt 85, 88, 106
Eichengreen, Barry 51
eight-standard-deviation event 227
Eisman, Steve 243, 259
elderly 48
electricity 117, 147, 156
electronic trades 127
Elias, Stephen 284
Ellis, Charles 284
embezzlement 13, 45, 76, 92, 107, 246
emergency 121, 207
Emergency Banking Act of 1933 96, 101
emergency housing 246
Emergency Relief and Construction Act 96
emerging Asian market 103, 228
emerging countries 209
emerging market 43
Empirca Capital 276
employees 62, 107
employer 82
employment 34, 94, 229
Employment Cost Index 133
End of Equities 188
End of Money and the Future of Civilization, The 87, 179, 183, 283
endorsements 194, 195
endowments 72
end point of hyperinflation 219
End the Fed 8, 34, 53, 60, 283
energy 159, 229
energy-conservation 150
energy price 149
engagement ring 253
Engels, Frederick 92
engineers 156
England 98
enough 155
Enough 283
Enron 39, 69, 103, 126, 186, 257, 269
entertainment 159
entitlements 2, 4, 55, 278
entrepreneur 48, 71
environment 55
Epstein, Lita 283
equal-protection 254
equipment 25, 189
equity 18, 54, 204, 215, 251, 252, 254, 263
Ermachtigungsgesetz 95
Escapees RV Club 155
escape exits 109, 273
estate for years 249
estate-planning course 17
estates 77
estate taxes 268
estimated tax 131
ethanol 119
ethics 66
euro 46, 58, 82, 103, 114, 194, 205, 206, 209, 265
Euromoney Country Risk Ratings 211
Euronote 141
Europe 44, 57, 81, 99, 127, 194, 205, 206, 208, 209, 257, 266
European Central Bank 102
European Central Bank Gold Agreement 104
European city-states 89
European countries 89, 100
European Currency Unit 194
European Exchange Rate Mechanism 102
European Joint Float 100
European Monetary System (EMS) 101
European Union 1, 37, 52, 102, 113, 205, 257
Euro Zone 81, 206
evade taxes 14
Evelyn Wood Speed Reading 151
Excel spread sheet 138
excess capacity 279
excessive withdrawals 125
exchange 18, 85, 170, 209
exchange rate 112, 220
exchange risk 170, 190
exchange-traded assets 170
exchange-traded currency futures 210
exchange traded funds (ETFs) 170
Exchange Traded Notes (ETN) 140
excise tax 111, 246
executive order 121
Executive Order 6102 88, 96, 112, 121, 166, 168, 172
exempt from state and local taxes 240
exemptions 251
exercise 159
existing building 201
expansion 47
expected inflation rate 60, 188, 200, 236
expected occurrences 90
expected value 89, 201
expense cutting 109
expensive items 194
experimentation 25
expert 27
exporter 123
Export-Import Bank 97
exporting silver coins 113
exports 24, 25, 27, 42, 43, 51, 90, 94, 97, 104, 116, 121, 123, 205, 210
expropriation 9
external loans 124
extraordinary conditions 120
Exxon 4
F
face interest rate 237
face value 178, 217, 234, 235, 239, 240
factories 25, 72, 189, 268
failure to save 280
Fair Labor Standards Act 99
fair market value 255
faith 179
false bottom 77, 190, 198
family 18
Far East 266
farm 220, 253, 255
Farm Aid Concert 102
Farm Credit Act 97
farmers 25, 31, 71, 77, 98, 102, 105, 106, 109, 114, 115, 146, 147, 148
Farmers Alliance 93, 105
farmers license 115
farmers market 76, 181
farm land 202
Farm Mortgage Refinancing Act 97
fat-tailed graphs 16, 227, 229
FBI 3
FDIC 234, 241
FDIC deposit insurance 78, 84, 95, 97, 101, 103, 105, 118, 139, 140, 232, 233, 234, 236, 241, 258
FDIC-insured money market deposit account 16, 18, 190, 232, 233, 275
fear 26
Fed discount rate 34
Federal Budget 1, 2
Federal Farm Bankruptcy Act 97
Federal Farm Board 95
federal government 257
Federal Home Loan Bank 96, 133
Federal Home Loan Bank Board 102
Federal Home Loan Mortgage Corporation (FHLMC) 83, 100, 104, 111, 124, 257
Federal Housing Administration (FHA) 97, 99, 217, 218, 249
federal income tax refund 253
federal list 251
Federal National Mortgage Association (FNMA) 83, 99, 100, 103, 104, 111, 124, 257
Federal Open Market Committee (FOMC) 24, 28, 34, 35, 52
federal pensions 2
federal regulators 77
federal rent controls 115
Federal Reserve 229, 236
Federal Reserve Act of 1913 39, 94
Federal Reserve Bank 259, 262
Federal Reserve bank note 14
Federal Reserve Board of Governors 34, 98, 103, 206
Federal Reserve Chairman 1
Federal Reserve System 2, 3, 4, 8, 13, 14, 15, 17, 19, 25, 28, 30, 33, 35, 36, 39, 41, 50, 52, 53, 59, 63, 66, 70, 75, 78, 80, 81, 92, 94, 95, 96, 97, 99, 100, 101, 102, 103, 104, 105, 112, 113, 116, 118, 122, 124, 140, 166, 169, 171, 200
Federal Savings and Loan [deposit] Insurance Corporation 41, 97, 102
Federal S&L 233
Fed Funds 124
Fed regime risk 53
feed 253
feedback 225
feedback loop 38, 80
fees 170, 237, 240
females 207
Ferguson, Niall 6, 28, 54, 85, 92, 105, 189, 203, 283
ferries 153
Fertig, Lawrence 284
fertilizer 159, 254
fiat money 9, 13, 14, 15, 29, 30, 59, 70, 71, 72, 79, 86, 87, 88, 89, 90, 106, 114, 116, 119, 120, 122, 123, 142, 170, 177, 178, 181, 182, 213, 263, 264, 276, 277, 278, 284
fiduciary 120
Fields, W.C. 69
Fifth Plank 92
Figgie, Harry 7, 58, 62, 63, 234
Figgie International 58
final rule 172
financeablity 203
Financial Crisis: A Hardy Perrenial 283
financial difficulty 18
financial engineering 41, 53, 103, 139, 204, 216, 219, 221, 226, 227, 228, 229, 242, 266, 276
financial innovation 54
Financial Institutions Reform Recovery and Enforcement Act of 1989 102
financial planning 265, 281
financial repression 4, 29, 32, 65, 102, 103, 111, 112, 123, 238, 273
financial risk management 276
financial rules 19
financial statements 258, 273
financial system 3
Finding and Buying Your Place in the Country 283
fines 141, 166, 246, 254
Finland 102
fire 265, 268
firearm 254
fire insurance 10, 24, 145
fireproofing 268
fire-sale prices 262
firewood 159
First Bank of the United States 91
first case...not the worst case 219
first class mail 59, 152, 180, 264
first come first served 272
first mortgage 239
fiscal policy 30, 78, 166
fish 148, 159
Fisher, Irving 26, 33
Fisher, the Making of Index Numbers 340 139
fish hooks 173
fishing equipment 159, 254
Fitch 211, 242
Five-O’Clock Follies 128
fixed costs 155
fixed exchange rates 114, 169, 209
fixed-income 68
fixed interest rate 213, 217, 241
fixed-interest rate federal bonds 237
fixed-rate 246
fixed-rate borrower 238
fixed-rate debt 214, 236
fixed-rate dollar-denominated debt 247
fixed-rate loan 238, 239
fixed-rate long-term dollar-denominated assets 219
fixed-rate mortgage 60, 80, 138, 202, 238, 275
fixed rate of exchange between gold and the dollar 100
Fixers 62
flea markets 183
flexibility 270
float 62
floating exchange rate 100, 209
floating gold standard 165
floating-rate loan 138, 213
floating rates 209
flood 229, 280
flood insurance 229
floors 84, 114, 202
Florence 89
Florida 95, 155, 246, 251, 254, 271, 272, 278
food 5, 77, 147, 151, 159, 185, 245, 253, 254
Fooled by Randomness 283
Fool’s Gold 226, 283
forbearance 125
Forbes 81
forced conversion 65
forced conversion of one currency into another 45, 112
forced repatriation of profits of foreign-based U.S. companies 112
Ford, Gerald 1, 100
Ford Motor Company 186
foreclosure auction 218
foreclosures 49, 66, 80, 81, 84, 97, 102, 103, 118, 122, 126, 148, 197, 203, 214, 217, 218, 228, 234, 239, 248, 249, 252, 274
foreign assets 18, 275
foreign banks 80
foreign bonds 113, 209, 237, 266, 275
foreign currencies 6, 58, 64, 69, 111, 112, 131, 141, 171, 183, 205, 210, 265, 275
foreign-currency-denominated bank accounts 101
foreign currency deposits 102
foreign-currency linked domestic debt 93
Foreign Currency Trading 283
foreign debt 32, 94
foreigner 258
foreign exchange 208
foreign exchange (forex) market 43, 140
foreign exchange reserves 241
foreign exchange traders 24
foreign goods 210
foreign governments and citizens 2
foreign index funds 266
foreign lender 124, 211
foreign ownership of domestic assets 113
foreign owners of Russian bonds 103
foreign stocks 43, 266
foreign trade 122
forest fire 10
Forever stamp 17, 59, 152, 156, 179, 180, 193, 264
forex market 209
forgiveness of debt 122
Forgotten Man, The 5, 11, 25, 107, 117, 283
fork lifts 198
Form 1099B 177
formal education 157
Fort Knox 88, 98
forward pass 281
founders of companies 48
four-commodity CPI 139
Four Pillars of Investing 181, 283
Foxworthy, Jeff 149
fractional reserve banking 91
France 30, 39, 89, 90, 91, 95, 98, 166, 205, 210
Francisco (Ayn Rand character) 9
Frankfurt 66
Franklin, Benjamin 279
Franklin court case 204
fraud 13, 25, 55, 69, 171, 246, 250
fraudulent returns 246
fraudulent transfer in anticipation of bankruptcy 255
free-and-clear 18, 190, 197, 203
free-and-clear hard assets 12
free-and-clear house 64, 73, 148
free banking 90, 101
Free Banking Era: New Evidence on Laissez-Faire Banking 31, 92, 101, 106
free capital mobility 114
freedom from change 17
free economy 90
free-enterprise 46
free market 40, 58, 122
free trade 89
free transportation for life 178
French 258
French Revolution 90
frictionless markets 223
Friedman, Milton 28, 41, 42, 52, 99, 100, 104, 112, 166, 182, 183, 283
friends 18
FrontPoint 259
frugal 76
fruits 151
fuel 254, 279
Full Employment and Balanced Growth Act of 1978 101
full face 240
full faith and credit 272
full-time RVers 155
fully amortizing 122
Fundamentals of Real Estate Finance 146, 222, 240
fungible 14, 184
furnishings 245
furniture 151
future performance 228
futures contracts 88, 89, 92, 103, 105, 152, 153, 170, 171, 173, 209, 263
Future Shock 136
G
G-8 122
G-20 122
Gabor, Eva 148
gains 17, 129, 130
Galbraith, John Kenneth 41
gambling 77
game 148, 159
game theory 40
garbage-in-garbage-out situation 20, 223
Garcia, Marcio 138
Garn-St Germain Depository Institutions Act of 1982 101
gas 152
gas lines 278
gasoline prices 9, 39, 75, 81, 83, 142, 152, 153, 189
gasoline storage tank 152
gas pedal 36
gas rationing 116
Gaussian distribution 15, 226
GDP deflator 133
GDP growth 108
GDP growth rate 20
GE 102, 190
Geithner, Timothy 1, 33, 50
General Arrangements to Borrow 99
General Fireproofing 195
General Motors 64, 124, 186, 190, 257, 262
General Theory of Employment 98
General Theory of Employment, Interest, and Money 283
generational accounting 108
generation-skipping transfers 130
Genesis 47:15 106
Genoa 89
geometric 16
George Mason University 23
Georgia 94, 118, 252
geothermal 150
German banking crisis 258
German bond lottery 109
German government 71
German mark 57
German railway money 195
German thaler 91
Germany 5, 6, 7, 52, 57, 58, 59, 65, 71, 81, 91, 92, 94, 95, 96, 99, 118, 126, 128, 138, 139, 195, 200, 205, 206, 208, 209, 214, 219, 220, 232, 258, 277, 280
get-rich-quick scheme 69
gift cards 17, 195, 264
gift taxes 130
Gillette razors 191
Gilovich 284
Gingrich, Newt 140
Glass-Steagall Act of 1933 95, 97, 103, 123
Glen Canyon 280
Global Corruption Report 2009 207
globalization 36, 43, 44, 207
Glorious Revolution In England 90
GM Europe 25
GNMA 99
GNMA futures contracts 225
GNMA mortgages 217
GNMAs 222
GNP 208
gold 2, 9, 13, 15, 24, 26, 29, 31, 33, 46, 53, 58, 68, 79, 81, 86, 87, 88, 89, 90, 91, 96, 99, 100, 101, 106, 109, 111, 115, 118, 121, 122, 129, 131, 139, 146, 157, 158, 161, 162, 163, 164, 165, 169, 170, 171, 178, 180, 181, 188, 194, 200, 205, 209, 238, 258, 262, 263, 265, 270
gold bugs 161, 163
gold bullion 96, 166, 170
gold certificates 88, 93, 96, 120, 166, 200, 258
gold clause 87, 88, 92, 93, 96, 98, 101, 104, 119, 167, 168, 169, 170, 171, 178, 238, 278
gold coins 96, 104, 165, 166
gold confiscation 146
gold dealers 167
gold deposits 98, 99
gold dust 165
Golden Rule 62
gold futures 170
Goldilocks standard 28, 40
Goldman, Ronald 253
Goldman Sachs 26, 104, 120, 257, 259
gold miners 276
gold mining companies 170, 189
gold mining stocks 161, 170
Gold Reserve Act of 1934 88, 97, 100, 167
gold standard 39, 41, 45, 81, 89, 92, 93, 94, 95, 98, 100, 105, 106, 112, 162, 166, 169, 171
Gold Standard Act of 1900 97
gold supply 81
golf clubs 182, 264
good intentions 128
goods 182
goods for goods 177
goods for services 177
government bonds 96, 200
government currencies 278
government employees and retirees 48, 71, 139, 254
Government Finance Review 137
government interference 128
government jobs 127
government pensions 3
Goyette, Charles 79, 110, 180, 283
grading themselves on the curve 128
graduate school 148
Graham, Benjamin 38, 169, 185, 186, 187, 223, 284
grain 85, 88, 173
Grant, James 85, 166, 284
Grant’s Interest Rate Observer 85, 284
Grapes of Wrath 278
Graunt, John 90
gravitas 50
Great Britain 6, 91
Great Contraction 1929-1933 28, 182, 266, 283
Great Deflation 93
Great Depression 5, 7, 9, 23, 30, 36, 46, 52, 53, 54, 77, 81, 82, 95, 104, 107, 109, 113, 115, 116, 117, 121, 122, 124, 127, 128, 142, 154, 156, 173, 182, 185, 189, 195, 206, 210, 218, 233, 234, 236, 239, 248, 258, 259, 266, 270, 278, 280
Great Depression: A Diary, The 5, 36, 98, 154, 156, 190, 197, 199, 215, 279
greater fool theory 38
Greatest Trade Ever, The 2, 283
great forces 49
Great Inflation and Its Aftermath 13, 42, 47, 49, 67, 283
great men 49
Greco, Jr., Thomas 87, 179, 183, 278, 283
Greece 1, 58, 88, 111, 118, 124, 126, 127, 206, 208
greed 30, 40
Greenacres 148
Greenback Dollar 58, 61, 72, 87, 90, 92, 105, 106, 120
Greenspan, Alan 1, 4, 16, 54, 102, 103, 169
Greider, William 34, 36, 48, 51, 284
Gresham, Sir Thomas 68
Gresham’s Law 30, 68, 120, 122, 172
gross domestic product (GDP) 1, 7, 33, 50, 205, 206, 208
ground shifted under their feet 19, 78
Group of Ten 100
grow our way out 20
growth rates 20, 43
Guam 113, 153
guarantees 120, 127
guesses 230
gut rehab 62
H
habeas corpus 120
habit-forming 179
hair care 159
haircut 181
Haiti 94
half dollars 264
Hambeuchen 204
Hamburg 92
hamburger 142
Hamilton 149
Hamlet 16
Hamlin, Charles S. 94
hammer 15
handyman 181
Hanover 149
hard assets 13, 15, 17, 18, 19, 73, 77, 79, 119, 177, 181, 183, 189, 213, 248, 249, 251, 273, 275, 277
Harding, William P.G. 94
hard science 157
hard work 13
harm 282
Harper, Jesse 281
Harvard 3, 6, 9
Harvard MBA 2, 8, 66, 67, 156, 257, 267
Harvard-Yale football game 94
harvests 33
Haselton, Ronald 100
have, have-nots 48
Hawaii 44, 153, 252, 278
Hawarden 194
Hawley 25
Hayek, F.A. 8, 284
hazard and liability insurance 148
Hazlitt, Henry 169, 284
Head and Shoulders Shampoo 191
heads they win 237, 242
heads you win 237
health aids 253, 254
health care 3, 76, 109, 130, 136, 154, 275
health care “reform” 72
health club 159
health insurance 268
heating 149
heating degree day 149
heating oil 152, 156
heavy industry 77
hedge funds 2, 53, 99, 103, 124, 226, 259, 261, 262, 276
hedge pair 263
hedging 17, 19, 93, 126, 131, 135, 138, 141, 152, 163, 172, 173, 188, 203, 204, 209, 210, 216, 220, 221, 223, 224, 225, 227, 229, 237, 242, 243, 263, 265, 266, 271, 276, 277
heirlooms 254
heirs 168, 268
Helicopter Ben 80
Helms, Jesse 171
Helvering vs. Davis 50
Hepburn v. Griswold 93
Herbert Stein’s Law 1
herd instinct 16, 35, 276
hidden tax 123, 130
Higher Education Price Index 135
higher tax bracket 247
High Frequency Economics 81
high-grade corporate bonds 7, 267, 269, 280
high inflation 267
Highland Falls 150
high loan-to-value ratio 204
highly-leveraged institutions 268
high schools 195
high tech 228, 258
high value per pound 245
hindsight 17
hire-a-pro decision 159
historical average real (adjusted for inflation) price 163, 164
History of the World Part One 88
Hitler, Adolf 49, 57, 71, 72, 96, 128
hoarding 15, 58, 68, 96, 109, 125, 147, 179
holidays 119, 137
Holland 89, 90, 98
Holmes, Oliver Wendell 151
Holy Roman Empire 89
Holzer, Henry 87, 170
home builders 17
Home Building & Loan Association v. Blaisdell 97
home equity 64
homeless 245, 254
home mortgage 10, 65, 96, 122, 190, 252, 258
home mortgage interest rates 200
Home on the Range 159
homeowner 12
homeowners association fees 246
homeowners insurance 170
Home Owners’ Loan Corporation (HOLC) 96, 122, 124, 218, 239
Homeowners Refinancing Act 96
home price index 222
Homer 158
homes 220, 248, 254, 268, 274
Home Savings & Loan Co. 199, 233
home-school 156
homestead bankruptcy exemption 204, 246, 251, 253, 254, 255, 270, 273, 274
Honduras 124
Hoover Administration 53
Hoover, Herbert 25, 95, 115, 117, 119, 125, 126, 206, 280
Hope and Lifetime Learning credit 130
horse 14
hospital 251
hostile takeover 83
hot-potato effect 61
hours 209
House Financial Services Committee 1
House of Cards 283
housewife 128
housing 10, 15, 18, 27, 60, 70, 72, 78, 83, 90, 104, 135, 142, 145
How I Became a Quant 283
how-to books 159
How to Buy Real Estate for Little or No Money Down 284
How to Get Started in Real Estate Investment 284
How to Manage Residential Property for Maximum Cash Flow and Resale Value 61
How to Prosper During the Coming Bad Years 284
How to Structure Your Mortgage 284
HSBC 104
Hubler, Howie 226
human decisions 16
human-will events 16, 90, 226, 229
Humphrey-Hawkins Act 101
Hungary 118, 207
Hunt brothers 101, 166, 173
hunting 254
hurricane savings accounts 253
hydroelectric 150
hyperinflation 9, 18, 33, 37, 52, 145, 238
Hyperinflation Survival Guide 7, 62, 231
hypermonetize 4, 29, 32, 71
I
I Am I Said 159
IBM 101
I-Bonds 108, 132, 240
Iceland 44, 208
Idaho 252
illegal immigrants 55
Illinois 252, 271
illiquid asset 54
illiquid hard assets 264
immigration 95
impeachment 117
imports 24, 27, 42, 45, 46, 82, 87, 97, 109, 112, 116, 117, 123, 210
impoverishment 5
imprisonment 254
imputed income 157
Incapital 241
income 43, 80, 82, 203, 248, 251
income properties 200, 203
income redistribution 48
incomes policy 98, 115
income statement 254, 273
income tax 12, 240
income tax due dates 137
income tax returns 20
inconsistent 26
inconvenience 18
incumbents 34
indebted farmers 147
Independent College/University 529 plans 271
independent monetary policy 114
independent stores 198
index capital gains 129
indexed 219, 236, 248, 271
indexed bonds 138
indexed interest rate 247
Indexed long-term bonds 219
Indexed portions of the Internal Revenue Code 130
index fund 38
indexing 12, 57, 108, 190, 193, 201, 266
index keeper risk 139
India 111, 123
Indiana 125, 149, 246, 252
Indianapolis Lane Bryant store 194
Indians 178
indirect effect 11, 49, 78, 186, 203
indirect tax 87
indivisibility 182
Indonesia 102
indoor air pollution 151
Industrial Control Act 114
industry 189
inefficiencies 64
In Fed We Trust 122, 284
inflate or die 110
inflation 27, 31, 32, 34, 35, 37, 38, 39, 40
inflation-adjusted principal 241
inflation adjustment 10
inflationary expectations 78, 187, 214, 246
inflation fatigue 68
inflation hedge 198, 199
inflation-hedging attributes 201
inflation-protected-bond mutual funds 240
inflation-protected corporate bonds 242
Inflation-Protected InterNotes 241, 242
infrastructure 13, 74
inheritance 55, 279
initial conditions 23
initial public offering 34, 39
in-kind benefits 70
in lieu of foreclosure 216
innovatable area 226
innovation 33, 119, 222
Innumeracy: Mathematical illiteracy and its consequences 284
Inquiry into the Nature and Causes of the Wealth of Nations 44, 90
inside information 243
insolvent 248, 261
in-state public 271
Institutional Investor 207, 211
institutional investors 243
institutional link 268
institutions 18, 257, 259, 272
insufficient currency available 219
insulation 150
insurable 229
insurable interest 242
insurance 10, 17, 18, 27, 105, 158, 165, 171, 203, 204, 216, 217, 221, 229, 242, 253, 267
insurance agent 267, 273
insurance claim 273
insurance companies 18, 80, 154, 257, 263
insurance policies 10, 17, 216
insurance policy against rising tuition costs 271
insurance policy limits 18, 59, 276
insurance premiums 10, 84, 234
Intelligent Investor 169, 185, 186, 284
interconnectedness 206
interest 236, 242, 247, 248, 283
Interest and Money 98
interest-bearing account 19, 62
interest-bearing note currency 93
interest deductions 236
interest-earning account 62
Interest Equalization Tax 99, 113
interest-only 122
interest rate 210, 213, 217, 218, 219, 225, 229, 230, 232, 235, 236, 237, 238, 239, 240, 241, 246, 248, 255, 267, 273, 274, 276
interest rate ceiling 101, 123
interest rate futures 100
interest-rate risk 17
interest rates 1, 6, 9, 16, 17, 18, 24, 25, 31, 34, 39, 42, 43, 45, 46, 48, 49, 50, 52, 60, 64, 69, 70, 78, 80, 82, 84, 87, 89, 90, 97, 99, 101, 112, 113, 116, 123, 124, 132, 133, 138, 158, 166, 168, 186, 187, 188, 189, 200
internal money 178
internal rate of return 223
Internal Revenue Code 129, 131
International Bank for Reconstruction and Development 99
international banking families 121
international banking regulation 104
international debt 32, 89
International Emergency Economic Powers Act 121
internationalization 266
International Monetary Fund (IMF) 46, 82, 99, 103, 111, 205
International Monetary Fund (IMF) Articles of Agreement 99
International Reciprocal Trade Association 183
International Swap Dealers Association 102
International Swaps and Derivatives Association 102
international trade 6, 43, 72, 82, 170, 179, 207, 265
international travel 44
Internet 182, 264
interstate acquisitions of failed banks and savings institutions 101
interstate banking 100
invention 45
inventory 25, 59, 61, 83, 189, 268, 273, 279
inverse yield curve 39, 51, 173
investigators 281
investment 6, 131
investment advisor 17
investment banking 18, 95, 103, 104, 226
investment committees 263
Investment Company Act 99
investment return 271
invisible hand 90
invoice 27, 59
involuntary bankruptcy 248, 251
Inwood 194
IOUs 17, 59, 86, 241, 255
Iowa 194, 252, 254
IPIs 241, 242
iPods 135, 136, 264
Iraq 3, 33, 49
IRAs 15, 153, 170, 233, 237, 240, 269, 270, 271, 272
Ireland 81, 206
iron hoes 173
IRR 223
irrational 188, 200, 261
irrational despair 13, 16, 35, 38
irrational exuberance 13, 16, 35, 38, 68, 103, 284
irrational markets 261
irrational panics by association 228
IRS 14, 115
Isaiah 36:6 206
I Savings Bonds 239
islands 137
Israel 52, 102, 118, 232
Italian-Americans 95
Italian city states 89
Italy 127, 206, 207, 258
It Can’t Happen Here 7
iteration diversity 202
Ithaca 149
It’s a Wonderful Life 39, 66
Ivory soap 191
ivory-tower 26
J
Jackson, Andrew 92
Jacksonian movement 91
Jackson, Kenneth T. 5
Jamaica Avenue 104
Japan 6, 44, 52, 81, 95, 99, 102, 108, 118, 122, 124, 156, 205, 206, 207, 208
Japan as Number One 101
Japanese management techniques 208
Jarvis, Howard 247
jawboning 116
Jefferson nickel 165
Jefferson, OH 194
Jefferson, Thomas 8
Jekyll Island 94
Jett, Joe 102
jewelry 88, 166
Jews 72, 128, 257
job opportunities 278
Johns Hopkins University 68
Johnson, Lyndon 46, 50, 116
Johnson, Mark 170
John T. Reed’s Law 1
Joint Resolution of Congress 97, 167, 168
JPMorgan Chase 104, 259
judgment 146, 274
jumbos 218
junk bond market 69, 102
junk silver 131, 174, 180, 264
jury 117
just in time 61, 83
K
Kansas 252, 254
Katrina 58
Keeping up with the Joneses 38
Kennedy half dollars 264
Kennedy, John F. 40, 97, 116
Kentucky 149, 252, 271
Keogh 269
Kerviel, Jérôme 104
key money 117
Keynesian economics 41, 98, 100, 101, 112
Keynes, John Maynard 23, 32, 41, 98, 187, 261, 283
kickbacks 107
Kidder Peabody 102
Kindleberger, Charles 36, 38, 204, 283, 284
king 89
King Edward III 89
King Henry VIII 89
King, Mervyn 122
King of the Road 179
Kingston Trio 61
Kipper- und Wipperzeit 89
Kirsch property 199
K-Mart 257
Knights of Reliance 105
known unknowns 23
know the unknowable 259
Knox v. Lee 93
kooky 8, 19, 163, 183
Kotlikoff, Laurence J. 5, 9, 107, 110, 283
Krajina 118
Krugman, Paul 27, 284
L
labor 12, 49, 70, 71, 131, 177, 178, 179, 181, 201, 203, 217, 247
ladder, aluminum extension 183
lag time 138, 141
lakes 148
Lampasas County 105
land 83, 151, 189
landlocked 257
landlord 12, 17
lap tops 264
larceny 246
LaSalle Bank 241
LaSalle Broker Dealer Services Division 241
late 1970s 17
late fees 202, 274
Latin America 44, 51, 59, 61, 62, 63, 99, 107, 109, 194, 208, 211, 231, 234
Latin American debt crisis 101
Latin debt debacle of the 1980s 211
Law, John 90
Law of Large Numbers 90, 201
Law of One Price 45
law students 272
lawyer fees 217, 234
lawyers 18, 76, 156, 281
learning by doing 157
leases 59, 133, 214, 245
Ledbetter, James 78
Leeson, Nick 103
legal holidays 94
legalized theft 167
Legal News 199
legal tender 8, 29, 32, 89, 90, 92, 105, 106, 118, 165, 169, 170, 171, 189, 194
Legal Tender Act 92, 93
legal tender cases 32, 87
legal tender law 58, 86, 119, 122, 123, 213, 277, 284
Lehman Brothers 83, 104, 124, 232, 257, 259, 269
lender bonus 238
lenders 48, 49, 117
lenders of last resort 121
leniency 35
Lenin 49
lesser developed 43
leverage 11, 19, 25, 34, 44, 60, 63, 69, 79, 81, 83, 105, 186, 210, 224, 259, 263, 269, 280
leveraged buyouts 83, 185
Lewis, Michael 120, 222, 229, 242, 243, 244, 259, 283
Lewis, Sinclair 7
Lexus 79, 136
liabilities 10, 11, 18
libel 116
liberals 4, 33, 185
libertarian 8, 46, 92, 284
Liberty War Bonds 120, 258
licensed securities brokers 233
license-plate state 155
licensing fees 155
Li, David 227
liens 274
life and remainder estates 268
life insurance 24, 57, 229, 268, 272
life savings 19, 71, 77, 186, 200, 259, 270
life tenant 268
lifetime caps 61, 202, 213, 219, 238, 246
lifetime floor 238
lifetime floor of zero 246
lifetime net tax rate 110
light at the end of the tunnel 36
Limbaugh, Rush 151
limited downside 79
limited partnerships 99
Lincoln, Abraham 14, 92, 105, 120
Lindbeck, Assar 115
Lindsey, Richard R. 283
linear 225
line of credit 84, 229
Ling Su Fan v. United States 94, 113
Lippmann, Greg 243
liquid assets 18, 153, 197, 203, 251, 275
liquid hard assets 17, 275
liquidity 16, 19, 25, 35, 63, 69, 94, 103, 118, 127, 203, 208, 215, 223, 224, 225, 226, 232, 242, 262, 263, 266, 267, 274, 275, 281
liquidity demander 262
liquidity provider of last resort 262
liquidity risk 104, 210
liquidity trap 13, 80, 84, 124
Lithuania 209
Little Book of Common Sense Investing 284
livestock 90, 98, 115, 148, 151, 202, 254
Livingston, TX 155
livres 90
livre tournois 89
LLC vs S&R Playhouse Realty Co. 104
loan-contract terms 18
loan limits 218
loan modifications 217
loan payments 49
loan-to-value ratio 82
local government 4
local taxes 82
locked-in mortgage 241
lock in 135, 203, 229, 238, 241
lockstep 210, 276
logging 187
Loma Prieta Earthquake 67
Lombard Street 93, 262
London 3, 39, 94
London Gold Pool 99
long 79, 126, 152, 170, 224
long-term 145, 187, 267
long-term assets 72, 263
long-term bonds 267
long-term capital gains 161, 183
Long-Term Capital Management 36, 85, 102, 103, 224, 225, 228, 257, 266, 269
long-term-care insurance 154, 268
long-term contract 12, 50, 59, 92, 108, 133, 214, 275
long-term fixed-rate bonds 219, 238
long-term hedge against inflation 197, 203, 262
long-term income streams 223
long-term inflation 203
long-term inflation hedge 190
long-term investment 39
long-term leases 50, 199, 223
long-term ownership of real estate 202
long-term risk-management strategy 145
long-term service contract 158
look busy 107
loophole 109
loose coupling 225
Lorenz, Edward 24
Los Angeles-Riverside-Orange County 137
Lost Decade 46, 53, 82, 124, 204, 208
lottery 109
Louisiana 252, 279
Louisville & Nashville R.R. v. Mottley 178
low-debt-to-equity ratio 185
Lowenstein, Roger 284
low-income people 48
luck 13, 23
Luddite 228
Ludwig Von Mises Institute 284
lumber 201
lumps of silver 180
luxury goods 73, 112, 136, 146
Lydians 88
M
machines 83, 188, 189
Mack, John 244
macroeconomic solution 278
Madagascar 118
Madison, James 49
Madoff, Bernie 69, 269
Madoff Securities 257
Mafia currency 69
magnetic strip cards 193
mail 62
mail-forwarding service 155
mail orders 180
Maine 62, 100, 149, 246, 252
Main Street Lots 199
maintenance 148
major metropolitan areas 137
make-work jobs programs 31, 74, 84, 98, 115
Making of Index Numbers 340, The 139
malfeasance 268
Malkiel, Burton 284
managed economy 281
management 170, 189, 215
Manchuria 95
mandate 96, 119
manganese 172
Manhattan Island 178
manias 13, 33, 36, 37, 38, 73, 111, 204, 284
Manias, Panics, and Crashes 33, 36, 73, 111, 204, 284
manipulating 224
manufactured goods 268
manufacturing 7, 18, 58, 63, 70, 77
many-sided coin 24
margin 25, 152, 189, 215
marginal tax bracket 236
marginal tax rate 170
margin call 94, 153, 170, 210, 222, 224, 242, 261, 262, 264, 274, 275
margins 222
margin trader 215
mark 52, 57, 58, 67, 206, 219
mark-denominated bonds 71
market basket 134, 141
market interest rate 61, 202, 218
market prices 114
market risk 104
market share fever 34
mark-to-market accounting 262, 263
married couple 251, 252
Marshall, John 87
Martin, Jr., William McChesney 34, 99
Marx, Karl 92
Maryland 9, 125, 252, 271, 272, 278
Mary Poppins 39
Massachusetts 139, 149, 252, 271
mass transit 198
mass-transit token 193
matchmakers 182
match maturities 118
matchsticks 187
materiel 195
math 157
mathematical model 227
Mathematician Plays the Stock Market 284
mathematics of finance 157
mattress 84, 233, 255
maturity 39, 232, 235, 237, 239, 240, 241
maturity-matching issue 267
maturity mismatch 102, 268
Mauboussin, Michael J. 284
maximize revenue 279
maximum 40-hour workweek 99
maximum hours 99
Maylasia 102, 124
MBA 67, 72, 227, 267
McCabe, Thomas B. 99
McCulloch v. Maryland 87, 91
McDonald’s dollar value meal 214
McDonald’s hamburger 142
McGovern, George 100
McGuire, Shayne 200, 207, 240, 283
McKinley, William 93
McKinnon 114
McReynolds, James C. 168, 169
mean 164
means-testing 50, 278
mechanics 159
media 32, 190
media distortion 67
median U.S. home price 252
Medicaid 2, 27, 50, 70, 108, 139, 258
medical procedure 275
medical savings accounts 253
medical services 154
Medicare 1, 2, 4, 27, 50, 70, 108, 139, 258
Medicare Trustees Report 1
medium of exchange 13, 141, 177, 181, 193
medium term 262
Mellon, Andrew 117
melt down 206, 278
melting 104, 164
melt-to-face-value ratio 265
melt value 27, 96, 157, 165, 166, 169, 171, 172, 178, 217, 264
Mengel Co. 187
men’s suit 181
menu cost 64
merchant accommodation bills 90
merchant card processor 62
Mercury Magazine 147
mergers 127
Mero, Lazlo 284
Merrill Lynch 17
Merrill Lynch Ready Assets Trust 100
Merriwether, John 85, 266
Merton, Robert 230
Mesopotamia 88
metals 102
Metropolitan Savings 233
Mexican inflation 102
Mexican peso crisis 102
Mexico 99, 101, 102, 194
Meyer, Eugene 95
Miami 44
Michigan 252, 271, 272
Microsoft 266
Middle Ages 167
middle class 110
mild climate 150
military 3, 71, 139
military clothes 254
military health care 70, 108
military pensioners 139
military personnel 82
milk 15, 148, 180, 182, 189
Milk Control Act 97
Miller, G. William 100, 101
Minarik, Joseph J. 12
minimize capital expenditures 279
minimize expenses 279
minimum-balance 231
minimum contract size 152
minimum futures contract 152
minimum investments 272
minimum-size contract 152
minimum wage 55, 83, 97, 98, 99, 115
minimum wage for women 98
mining 77
Minneapolis 194
Minnesota 252
Minnesota Mortgage Moratorium Act 97
minority homeowners 103
miracle growth program 55
Mises, Ludwig von 94
misfeasance 268
Mississippi 252, 271, 272
Mississippi Company 90
Missouri 252
MIT 63
mob 239
models 228
moderate climate 149
modifying the mortgage 218, 248
Modigliani, Franco 187
modular home 246
Moivre, Abraham de 90
Moley, Ray 26
monetarists 40
Monetary Correction Index 140
monetary crises 18
Monetary Dynamics of Hyperinflation 73
Monetary History of the United States 53, 99, 166, 283
monetary policy 8, 33, 51, 88, 97, 105, 106, 121, 177
monetary system 8, 85
monetize the debt 50, 71, 240, 278
money market deposit account (MMDA) 101, 105, 123, 236, 265, 275
money market funds 16, 41, 83, 105, 231, 236, 271
money market rate 100, 231
money supply 15, 17, 18, 28, 31, 38, 42, 58, 65, 71, 81, 91, 92, 95, 101
monopoly 4, 213, 278
Montana 252
Montgomery Ward 257
Moody’s 104, 211, 242
Moraga 150
Moral Calculations 284
moral hazard 53, 204, 210, 229
morals 66
moral suasion 116
moratoria 126, 248
More than You Know 284
Morgan, J.P. 41, 93, 226, 227
Morgan Stanley 104, 120, 226, 244, 259
Mormons 106, 151
Morse, Samuel 136
mortgage-backed securities 102, 104, 222, 241
Mortgage Bankers Association 122
mortgage borrower 124
mortgage broker 54
mortgage defaults 102
mortgage disability insurance 216
mortgaged real estate 215
mortgage lender 251
mortgage payment insurance 216
mortgages 9, 12, 17, 54, 57, 59, 61, 70, 72, 78, 79, 81, 99, 103, 123, 158, 197, 199, 214, 215, 223, 228, 229, 235, 236, 241, 246, 248, 249, 268, 274
mortgage-to-property-value ratio 189
mortgage underwriting 54
motor vehicle fuel 156
motor vehicles 188
Mottley 178
move-up existing home 74
moving 251, 274, 278
moving expenses 218
Mozambique 118
MP3 players 264
Mr. Market Miscalculates 284
multi-fuel option 153, 156
multiplier 228
multi-story buildings 198
multi-year labor contracts 214
multi-year projections 223
municipal bonds 237, 267
municipal governments 195
municipal high grade bonds 268
municipality 251, 266
municipal laws 266
musical instruments 254
Mutual Exchange 194
mutual funds 170, 231, 267, 271
Mutual Holding 233
MyStockPower 186
N
nails 173
naked short selling 126
Napoleon 49
Nash, Jr., John 40
Nash Motors 190
national 137
national bank “holiday” 96
National Banking Act 93
national banks 92
National Bureau of Economic Research (NBER) 5, 47, 284
National Constituent Assembly 90
national debt 1, 3, 29, 60, 82, 110, 112, 206, 234, 240
National Debt Clock 1
national-debt-to-GDP ratio 7, 108, 111, 210, 234
national disgrace 68
National Economists Club 104
national government 257
National Housing Act of 1934 97
National Industrial Recovery Act 97
Nationalist party 66
nationalization 117
National Labor Board 97
National Labor Relations Act 98
National Labor Relations Board v. Jones & Laughlin Steel 98
national minimum wage 99
National Monetary Commission 94
National Park Service 3
national psyche 68
National Recovery Act 114, 115
National Reorganization Process 117
National Taxpayer Advocate 130
National Transportation Safety Board 53
National Weather Bureau 228
Natural and Political Observations...Made upon Bills of Mortality 90
Natural Development Association 194
natural gas 102, 112, 147, 152, 156
naturally-occurring events 16, 226
natural rate of unemployment 41
natural risks 276
Nazi currency 207, 209
Nazi Germany 13, 51, 66, 71, 127, 128, 156, 257
NCDEX Commodity Index 140
Nebbia v. New York 97
Nebraska 252
necessities 146
Neely, Christopher J. 113
negative 112
negative cash flow 75, 279
negative current cash flow 238
negative equity 217
negative interest rate 80, 236
negatively correlated 210
negative-net-worth companies 262
negative real interest rate 10, 18, 69, 235
Negotiable Order of Withdrawal (NOW account) 100, 101, 102, 123, 232
negotiate offers 218
neighborhood 198, 261
neighborhoods going bad 264
nepotism 121
Nero 169
net assets 215
net borrower 60, 277
net creditor 249
net debtor 73, 248, 249
net income 141, 189, 215
net income growth 38
net lender/saver 60, 72, 247, 277
net operating income 200
net owners of assets denominated in currency 12
net present value 223
net worth 2, 73, 213, 245, 255, 274
neutral position 189
Nevada 78, 94, 252, 271, 272, 278
New Bankruptcy, The 254, 284
new building 166, 201
New Deal 25, 31, 83, 115, 124, 239
new debt 214
new enrollees 271
New Financial Order: Risk in the Twenty-First Century 71, 138, 194
Newfoundland 98
New Hampshire 149, 252, 278
New Jersey 128, 252, 278
New Jersey’s Tenants Rights law 266
new laws 281
newly mined gold 166
new markets 33
New Mexico 252
new normal 280
new products 135
Newsweek 78
New York 44, 115, 116, 123, 149, 150, 194, 252, 278
New York Fed 53
New York-New Jersey Port Authority 194
New York-North. NJ-LI 137
New York Stock Exchange 93, 126, 209
New York Times 5, 259
New Zealand 207, 257
Nicaragua 94, 118
nickel 104, 172, 265
nickels 27, 164, 217
Nikkei stock index 82
NIRA 97, 98
Niskanen, William 115
Nixon, Richard 1, 100, 109, 112, 115, 116, 169, 209
Nobel Prize 8, 230, 266
no-equity homes 204
Nogales 194
no-longer-circulating coins 172
nominal 10, 255
nominal face value 235
nominal interest rate 10, 75, 188, 235, 240
non-circulating U.S. silver coins 180
nonconfiscatable 167
nondischargeable debt 246, 274
non-dollar homestead exemptions 252
non-dollar limits 254
non-federal currency 193
non-federal currency exchange 131
non-fiat money 86
non-fiat money liquid assets 263
non-gains 277
non-government currency 278
non-money world 178
non-perishable 181
non-profits 195
nonrecourse mortgage 79, 81, 132, 203, 204, 215, 217, 222, 248, 249, 251, 265, 273, 274
non-residents 271
nonsustainable 38
non-TIPs Treasury bond rate 236
Nordstrom 181
normal 128
normal accident 222, 224
Normal Accidents: Living with High-Risk Technologies 224
normal distribution 15, 90, 227, 230
Norman v. Baltimore & Ohio Railway Company 168
North Carolina 252
North Dakota 252
North Korea 46, 206
Nortz v. United States 168
Norway 102, 207
no skill 228
notes 59
Notre Dame 281
NPV 223
NRA 120
NRA Code 115
NRA emblem 114
nuclear power plant 222
numismatists 165
O
Oak Hill 194
Oakland 150
Oates 114
Obama, Barack 1, 3, 26, 29, 36, 43, 49, 72, 116, 119, 122, 124, 169, 185, 208, 259
Obamacare 2, 3, 208, 258
objective units 278
objects of art 166
obsolescence 59, 152, 156, 184, 261, 264, 265
oceans 148
October 19, 1987 16
OECD 108
Office of Thrift Supervision 104
offices 203
Official Kelley BlueBook 284
off-the-books liabilities 126
off the grid 147, 150
off the money and tax grids 159
off the tax grid 132
off the utility grid 147
OFHEO Home Price Index 133
Ohio 5, 82, 109, 125, 185, 194, 195, 233, 252, 267, 271, 272, 278
Ohio Life Insurance and Trust Company 92
oil 100, 102, 122, 228, 276
oil drilling 55, 276
oil embargo 58
oil reserves 189
Oklahoma 94, 252, 254
older people 12
Old Spice 191
Olwine v. Torrens 169
Omnibus Budget Reconciliation Act of 1989 132
one-child policy 207
One-Hoss Shay 151
one-of-a-kind item 184
one-way indexing 139, 173, 246
one-way inflation index 277
one-way quote 225
on strike 263
On the one hand... 67
operating expenses 200, 217
operating funds 275
operational risk 104
opportunity cost 83, 157, 166
option pricing 54
options 88, 92, 100, 105, 204, 210, 221, 222, 276
ordinary income 178
Oregon 94, 252
O’Reilly, Bill 153
Organization of Petroleum Exporting Countries (OPEC) 46, 100, 104, 121
O-rings 224
OTN 140
Our Daily Bread 148
outhouse 147
out-of-date homestead exemptions 252
out-of-state college 271
output of goods and services 82
outsource 43, 210
Oval Office 4
overcharging 40
overnight loan 231
overregulation 40, 45, 224
overseas branches 266
overstimulate 52
over-the-counter high tech stock boom 103
over-the-counter (OTC) 139, 170
P
packing materials 187
Paine, Thomas 8
Pakistan 103
palladium 161
Panama 96
Panama Refining Co. v. Ryan 97
panic 13, 33, 36, 37, 73, 111, 127, 191, 204, 263, 284
Panic of 1819 91
Panic of 1907 94
paper money 8, 29, 86, 90
Parker v. Davis 93
parliament 90
partial tuition 272
partnership 83, 96
partnership agreement 225
party 112
party pooper 37
Pascal, Blaise 89
passbook savings account 199, 233
passive investing 37
passive loss limits 266
passive solar 150
past performance 228
patents 59
Paul, Ron 8, 34, 53, 60, 171, 203, 283, 284
Paulson, John A. 2
pawnbroker of last resort 262
Pax Americana 42
PayPal 17, 59, 193
payroll tax deductions 98, 246
peanuts 171
Pearl Harbor 99, 127
penalty 130, 239, 240, 246, 275
penalty for early withdrawal 118
penalty of death 88
pendulum 164
Penn Central Railroad 100
Penn Square Bank 102
Pennsylvania 149, 252, 271, 272
penny 279
pension 55, 132, 136, 161, 253, 274, 275
pension account 237, 240, 269
pensioners 72, 139
pension exemption 255
pension funds 123
pension restrictions 270
pensions 12, 13, 15, 108, 109, 111
People’s Party 93
P/E ratio 25, 186, 189
percentage-of-ownership-denominated 186
perfect 162
Perils of Financial Innovation 262
perishables 181
permanent boom 46
permanent roof 151
Perrow, Charles 224
Perry v. United States 168
Personal Consumption Expenditures Price Index 133
personal finance 267
personal income tax 279
personal loans 268
personal loss 131
personal property 12, 131, 157, 246, 253, 254
personal property for personal property 178
personal property taxes 155
Personal Responsibility and Work Opportunity Reconciliation Act 103
perspective 18
Peru 96, 118
Peruzzi Bank 89
pesos 63
Peterson, Joe 155
petroleum 112
pets 254
phantom gain 131
Pharaoh 88
Philadelphia 148
Philippine law prohibiting export of silver coins 94
Philippines 113, 118
photographs 184, 273
photos 254
physical gold 170
physical units 63
pigs 76
PIIGS (Portugal, Italy, Ireland, Greece, and Spain) 127
Pioneering Portfolio Management 187, 201, 237, 284
plain English 244
Plan A 177
Plan B 177
Plan C 177
platinum 161, 171, 181
playing by the rules 13
plow 182
point of diminishing returns 150
poker 40
Poland 65, 99, 118, 127, 207
police 13
policeman of the world 42
policy limit 17, 59, 267, 268
political correctness 43
political favoritism 116
political opposition 128
political rhetoric 112
politics 28, 47, 48, 210
Ponzi, Charles 94
Ponzi scheme 38, 69, 94, 170, 272
poor 8, 12
poorhouse 166
Poor Richard’s Almanac 279
population growth 55
populist 93, 105
pork belly futures 163
portable 14, 179
Portugal 127, 206, 207
positive cash flow 279
positive real rate of return 78, 84, 219, 233
possession is 9/10s of the law 146, 270, 275
postage 158
Postal Savings deposits 94, 95, 99, 234
post-bankruptcy net worth 255
post office 264
Post Office Department 99
postponement 74
post-World War II America 199
Potemkin Villages 14
Poulos, John Allen 284
pound-denominated bonds 210
pound sterling 46, 65, 86
Power Macintosh G-5 minitower 142
power outage 120
pre-1965 U.S. silver dime 164, 180
pre-1983 pennies 27, 104, 164, 172
pre-bankruptcy planning 18, 273
precious metal coins 89
precious metals 12, 19, 58, 86, 112, 140, 161, 169, 178, 263, 264, 270
preconceived notions 19
Predictably Irrational 284
pre-existing conditions 229
preferred stock 7, 186
premium 11, 229, 235, 240
pre-paid college education trusts 253
prepaid mass transit cards 59
prepaid phone cards 18, 59
prepaid tuition plan 271
prepayment layers 241
prepayment penalty 238, 241
prepayments 241
present value 235
President 32, 36
pressure relief valves 228
pressuring 116
previous bankruptcy 246
price ceilings 114, 115
price concession 262
price-control laws 63, 70, 83, 89, 98, 109, 112, 113, 114, 116, 117, 124
price controls on interest rates 113
price-fixing cartel 84, 98, 119
price floors 115
price-gouging 30
price indices 18
price-support laws 31
primary source of repayment 217
principal adjustments 277
principal amount 213, 237, 240, 242, 246, 247, 277, 281
principal residence mortgages 249
Principles of Economics 106
printed 58
printing money 4, 9, 14, 31, 78, 114, 122
printing press 4, 58
printing too much money 18
prison 91, 96, 166
prison movies 183
privacy rights 53
private 271
private credit exchanges 183
private currencies 193
private equity 53
private option 31
private schools 271
privatize 111
probability 229
probability and statistics 23, 90, 157, 202
probable-cause 146
probate 77, 146
Procter & Gamble 191
producer 26
Producer Price Index 133
production cycles 137
productivity 279
professionals 57, 159
professors 72
profit margin 109
profits 12, 17, 271
programmed trading 191, 227
progress 128
Progressive Independent 194
Prohibition 69
promissory notes 195
propane 156
property 279
property and casualty insurance 268
property taxes 148, 199, 217, 246
property value 225
Proposition 13 247
proprietary 53
prosecute 117, 167
prospectus 228
prostitutes 14
protectionism 31, 81, 112, 115, 119, 210
protectionist tariff 109
protection money 123
protection racket 123
pro-union laws 31, 115
provinces 117, 193
Provincial currencies 109
pseudo gold standard 95
psychology 47, 66, 67, 157
Public Law 93-110 100
publicly-traded corporation 14, 18, 185, 189, 257
public market 226
public nuisance 199
public opinion 41, 76
public opinion poll 73
public policy 125, 167, 171
public-sector pay and pensions 111
Puerto Rico 113
punch bowl 34
punitively taxed 180
purchase-money mortgage 222, 249
purchase order 62
purchasing power 6, 9, 10, 12, 15
purchasing-power neutral 203
purses 264
push a chain 28
pushin’ broom 179
pushing on a string 28
put option 79, 203, 210, 215, 221, 277
pyramid-sales scheme 38, 151
Q
qualified retirement plans 130
quant 41, 227, 228, 266
quarters 264
quick-sale value 264
R
race track betting 14
racial 228
racial discrimination 44
racism 111, 258
Radio Shack TRS 80 computer 135
railroad 258
railroad shipping charges 178
rainy day 19, 63, 78, 233
raise taxes 4, 29, 32, 41, 278
raising taxes 31
Ralph Lauren Polo 181
ramps 281
ranch 245, 255
ranchers 77
Rand, Ayn 9
randomly selected events 226
random sample 16
Random Walk Down Wall Street 284
rare coins 166, 172
rating organization 211
ratio, household debt to GDP 102
ration 116
rationality 35
ratio of gold to silver 45
ratios 210
Readers Digest 257
reading 157
Reaganomics 42
Reagan, Ronald 5, 10, 42, 45, 47, 49, 67, 70, 71, 73, 78, 101, 107, 112, 116, 170
real (after adjustment for inflation) value 112, 215
real (after inflation) interest rate 214
real after-tax interest rate 70
real balance sheet 64
real estate 12, 13, 25, 37, 38, 57, 58, 59, 75, 77, 82, 90, 95, 102, 112, 138, 141, 158, 188, 189, 199, 200, 214, 215, 228, 234, 246, 261, 262, 264, 265, 274
real estate agent 54, 218
real estate appraisal 200
real estate bubble 101
real estate crash 280
Real Estate Finance Techniques 138
real estate for real estate 178
Real Estate Investment Strategy 284
Real Estate Investor’s Monthly 219, 284
real estate loans 204
real estate salesman 14
real gains 135
real home price 82, 204
real interest rate 10, 75, 157, 230, 235, 255
real loan balance 60, 81
real mortgage balance 70
real net worth 60, 129
real property 131, 249
real rate of return 280
real-time CPI 138
real-time price index 129, 140, 202, 268, 275, 277
Realtors® Median Home Price Index 133
real value 60, 71
real value of debt 60
real wage growth 108
reasonableness 245
rebellion or invasion 120
receivables 18
recession 13, 39, 40, 42, 45, 46, 51, 52, 60, 64, 67, 68, 69, 72, 78, 80, 83, 98, 109, 186, 188, 200, 210, 229, 258, 284
Reciprocal Trade Agreement Act 97
Reconstruction Finance Company 95
recourse junior mortgage 250
recourse mortgage 79, 80, 203, 204, 217, 218, 222, 251, 268, 273, 274
recovery 284
recreational vehicle 74, 154
redemption 239, 240
rediscount rate 95
redistribute 49
redistributions of wealth 71
red lights 36
red-necked Mayberry 149
Reed, John T. 283, 284
Reed’s Rule of Thirds 19
Reed’s Rules of Inflation/Deflation Protection 18, 19
Reed’s Rules of Real Estate Finance 146, 222, 240
refinance 70, 96, 122, 222, 237, 238, 239, 241
refunds 130
regional economic downturn 266
regression to the peak 164
regression toward the mean 164
regressive 10
regret 157, 248, 275, 282
regulated 225, 243
Regulation Q 97, 100, 102, 111, 123
regulators 126
Reichsmarks 209
Reign of Terror 90
Reinhart, Carmen 9, 29, 32, 43, 53, 110, 284
relatives 107
relative value 178, 209
remainder estates 268
remainderman 268
reminting 164
remote location 155
renege 258, 272
renege on the deposit insurance 122
renovation 74
rent 12, 141, 199, 217, 275
rental properties 273
rent control 40, 55, 114, 116, 117, 125, 166, 264, 266
Rentenmark 95, 118, 219
repair 74, 159, 217
reparations 95
replacement cost 200, 268
replacements 148
repossess 274
representative basket of goods and services 136
Republicans 72, 128
Republic, Dominican 94
reputation 72, 108, 182
Requiem for the Dollar 85, 166, 284
resale value 146
rescue committees 127
reserve currency 46, 114
Reserve Primary Fund 232
reserve requirements 111, 113
reserves 46, 95, 101, 166, 205, 241, 265
reserves phenomenon 241
Resolution Trust Corporation 102, 103
restaurant meal 74
restitution 246
retail clerk 128
retailers 62, 117, 198
retaliatory tariffs 25
retire early 154
retirement 111, 154, 170, 246
Return of Depression Economics 27, 284
returns not filed 246
Reuters/Jefferies CRB Index 133, 140
revenues 278
revolt 278
revolution 3, 45
Revolutionary War 33, 90, 106, 139, 167
Rheuban, Andrew 199
Rhode Island 252, 278
Ricardian Currency School 92
rich 4, 12
riots 117, 119, 229
risk 188, 227
risk analysis 90
risk-free rate 236
risk management 11, 17, 222, 228, 229, 239, 263, 268, 276
risk preference 90
risk premium 60, 61, 188, 236
risk-reducing mechanisms 13
risk takers 11
risky behavior 34
rivers 148
Roaring Twenties 6, 76, 281
Robertson, Julian 261
Roberts, Russ 23
Robinson Crusoe economics 40
Robus, Greg 154
Rockefeller, John D. 94
Rockingham Avenue 254
Rockne, Knute 281
Rockwell, Jr., Llewellyn H. 284
Rogers International Commodity Index (RICI) 140
Rogers, Will 17
Rogoff, Kenneth 3, 9, 29, 32, 36, 43, 53, 110, 284
rollover 72
Roman 89
Romania 119, 207
roof 189, 201, 275
roof, permanent 245
room and board 271
Roosevelt, Franklin D. 25, 26, 72, 76, 96, 97, 98, 109, 113, 114, 115, 116, 117, 120, 121, 122, 125, 166, 169, 172, 194, 239, 281
Rose, Charlie 36
Rothbard, Murray N. 31, 69, 70, 86, 182, 284
Roth, Benjamin 5, 6, 7, 36, 37, 57, 66, 76, 78, 82, 98, 113, 114, 125, 126, 127, 154, 156, 157, 166, 185, 190, 195, 197, 199, 200, 215, 233, 239, 248, 258, 263, 267, 270, 279, 280, 281
Roth IRA 269
Rothschilds banking family 121
Royal Bank of Scotland 82
rubber 102
Rubin, Robert 26
ruble 46, 182, 183
Ruff House 151
Ruff, Howard 151, 284
Ruff Times 151
rugs 161
rule of law 58
rules changes 281
run on the bank 39, 66, 96, 117, 118, 119, 120, 125, 267
run on the country 112
runs 233
runs on the insurance companies 267
rural area 137
Rural Electrification Administration 98
Russia 13, 46, 99, 102, 103, 119, 124, 139, 183, 207, 208
RVs 154, 156, 246, 273
RV shelter homes 156
Ryan, Paul 3, 4
S
safe 188
safe deposit box 78, 84, 119, 146, 152, 158, 170, 174, 255, 256, 273
safe rate 43, 60, 61
safest investments 263
safety 268
Saigon 128
sailboat 28
salary 12, 77, 136
sales 279
sales tax 155, 184, 246
Salomon Brothers 101, 103
Salomon Smith Barney 103
salt 173
Salt Lake City scrip 194
Samuelson, Paul A. 11, 58
Samuelson, Robert J. 13, 40, 42, 47, 49, 67, 78, 283
San Diego 149, 150, 156
San Francisco 140
San Francisco Bay Area 153
San Francisco-Oakland 150
Sarbanes-Oxley 39
Sass, Martin 259
Saturday Evening Post 57
Saudi family 121
save 10, 15, 16, 18, 48, 63, 69, 77, 87, 111, 123, 146, 279
save for a rainy day 78
savings account 15, 48, 101, 123, 125, 199
savings and loan 18, 41, 101, 258, 280
savings and loan mortgage debacle 75, 101, 102, 266
savings bonds 15, 17, 59
scam 69, 242
scapegoat 72, 116
Schachter, Barry 283
Schadenfreude 72
Schechter Poultry Corp. v. U.S. 98, 115, 120
Scher, Les 283
Schlaes, Amity 5, 11, 25, 26, 96, 107, 117, 169, 283
Schumpeter, Joseph 78
Schwartz, Anna 28, 52, 99, 166, 182, 183, 283
Schwarzenegger, Arnold 148
Scotland 90
scrip 58, 120, 131, 182, 183, 194
scrip.com 195
scrip wages 195
SDRs 100
seasonal 116
seasonally adjusted CPI 137
seasonal resort area 154
SEC 103
secondary market for home mortgages 99
secondary source of repayment 217
Second Bank of the United States 91
Second Great Contraction 266
second home 273
second mortgage 239
secrecy 14
secretary 128
Secretary of the Treasury 98, 101, 117, 167
Secret Service 93
Secrets of the Temple: How the Federal Reserve Runs the Country 34, 36, 48, 51, 52, 68, 69, 70, 100, 105, 231, 284
Section 8 90, 91
secured loan 215, 274
secure investments 269
securities 90, 131
Securities Act of 1933 96
securities analysts 126
securities and commodities exchanges 257
Securities and Exchange Commission 96, 97, 126, 232
securities-based insurance policy 276
securities dealers 241, 257, 259
securities exchanges 191
securities investment mutual funds 257
securitization 54, 102
security insurance 261
security law 152
seeds 159, 254
seigniorage 29, 69
seize private property 157
self-amortizing mortgages 197, 274
self-assurance 65
self-confidence 18
self-employment income 83
self-esteem 18
self-fulfilling crisis 67
self-fulfilling prophecy 38, 47, 50, 190, 263, 266
self-help 182
self-inflicted Ponzi scheme 38, 162
self-propelled hobos 156
self-reliance 268
self-storage facility 273
seller-carryback mortgages 249
selling off assets 55
sell short 204
sell-triggering event 227
semi-annual auction 240
seminars 157
Senators 32
senior citizen 135, 148
Senior Citizens’ Property Tax Deferral Program 148
senior exemptions 251
seniority 82
senior liens 274
Sennholz, Hans 284
separation agreement 246
separation of money and state 278
SEPs 15, 237, 240, 269, 270
septic sewer system 147, 148
Serbia 209
service business 51
Service Employees International Union 71
service jobs 18, 63, 83, 268
service sector 78
settled for cash 216
sewer 159
sewing machine 254
Shadow Government Statistics 9, 85
Shakespeare, William 16
shamed 116, 167
shampoo 281
share-denominated 186
shareholders 266
Sharper Image 257
sheep 67
shellfish 159
shelter 145
sheriff sales 199
shield 145
Shihuangdi, Emperor Qin 89
Shiller, Robert 16, 68, 71, 82, 138, 194, 284
Shilling, A. Gary 279
shipping 184
shock 3, 6, 273
shock absorber 13
shopping centers 198
shortage 172
shorted silver 101
short position 2, 79, 152, 153, 170, 216, 222, 224, 225
short sale 126, 204, 218
short sellers 126, 224
short-term 16, 197, 236
short-term appreciation 38
short-term assets 200
short-term debt 38, 68
short-term dollar-denominated assets 219
short-term hedge against inflation 264
short-term inflation 201
short-term loan 274
short-term money 72, 263
shrill 128
sick leave 136
side bets 227
Silberzug 92
silver 6, 10, 18, 29, 31, 53, 86, 87, 88, 89, 90, 91, 99, 101, 106, 111, 121, 129, 131, 161, 164, 165, 171, 173, 174, 180, 262, 264
silver certificates 87, 90, 93, 96, 99, 166
silver coins 87, 89, 99, 170, 178
SIMPLE IRA 269
simple is better than complex 222
Simpson, O.J. 253
Simpsons 158
Sinclair, Joseph T. 283
Singapore 207
single commodity 161
single-family housing 188
Sixth Circuit 104
S.J. Rundt’s Standard & Poor’s Ratings Direct 211
skill 23, 37, 228
slate roof 151
slowdown tactics 125
smallest denomination coin 125
small purchases 194
Smith, Adam 44, 90
Smith, Howard K. 100
Smithsonian Agreement 100
Smoot-Hawley tariff 25, 81, 95
snail mail 62
soap 187
social health 68
socialism 54, 113, 183, 281
socialist 115
socialist party 141
social money 102
Social Security 1, 2, 3, 4, 12, 27, 50, 82, 98, 108, 110, 134, 139, 246, 253, 258
Social Security Act of 1935 98
Social Security trustees 108
Société Générale 104
soft goods 77
soft subjects 157
soil 202
solar 150
solar energy 159
sole-proprietors 148
Solidus 89
solvent 233, 261
Somalia 206
Soros, George 102
sound money 14, 63
soup kitchens 76
South Africa 93
South Bend 149
South Carolina 252, 271, 272
South Dakota 252, 254, 279
South Korea 44
South Sea Company scandal 90, 125
South Vietnamese piasters 207
sovereign 9
sovereign credit default swaps 126
Soviet Union 42, 46, 58, 182
Sowell, Thomas 71, 137, 163, 194, 283
Spain 81, 89, 127, 206
Spanish government 91
Spanish tile 151
S&P Case-Shiller Home Price Index 216
Special Data Dissemination Standard 103
Special Drawing Rights (SDRs) 46, 99
specialists 127
special tax assessment 199
specie 31, 119
speculation 62, 126, 135, 210, 227, 230, 239, 242
speculative borrowing 64
speculative long position 216
speculative mania 89, 90
speculative strategy 203
speculators 11, 57, 152, 209, 224, 229
speed 190, 209
Spencer, Herbert 53
spending cuts 18
spendthrifts 48
spendthrift trust 253
spoil 179
spot (current) prices 173
spreading risk 54
sprinkler system 268
squatters 199
stable currency 13, 15, 34
stagflation 64, 68, 83, 189
Stagg, Amos Alonzo 281
stagnation 186, 189
stamps 161, 180
standard deduction 130
standard deviation 16, 227, 230
Standard Federal Bank 241
Standard & Poor’s 500 Index Fund 16, 153, 186
Standard & Poor’s Commodity Index 140, 163
Standard & Poor’s (S&P) 211, 242
starvation 102
starving billionaires 7
state and local taxes 241
state bankruptcy exemption 159, 245, 251, 254
state constitution 4
state government 271
state income tax 155, 271
state-owned colleges and universities 271
state’s tax laws 279
statistics 118
stealing 112
steam engine 228
steel 164, 201
Steinbeck, John 278
Stein, Herbert 1
stenography 128
stereotype 228
stern father 35
Steward Machine Co. v. Davis 50, 98
Stewart, Jimmy 66
stimulus 258, 276
stitch in time saves nine 35, 40, 127
St. Louis Federal Reserve Board Review 113
St. Louis University 281
stock 224
stock broker 18, 215, 221
stock exchange 5, 97, 126
stock losses 272
stock market 45, 64, 66, 68, 77, 81, 94, 97, 98, 103, 105, 113, 187, 188, 190, 243, 261, 276
stock market crash 5, 25, 54, 68, 77, 78, 95, 102, 141, 191, 227
stock prices 6
stocks 7, 12, 16, 17, 18, 38, 43, 45, 59, 77, 81, 85, 102, 112, 134, 141, 158, 170, 185, 186, 188, 189, 190, 204, 209, 210, 227, 261, 262, 263, 265, 271, 273
Stockton 140
stock traders 24
stop-loss option 277
stop-loss order 79, 203, 215, 221, 266, 271, 277
storage of purchasing power 181
storefronts 198
store of value 8, 13, 15, 141, 177, 181, 270
strained financial situation 171
strategic reserves 116
street demonstrations 117
strike 71, 76
strike price 221, 222, 277
structural change 262
structural changes 190
Structured Investment Vehicles (SIVs) 126
student loans 246
subcontractor 62
subprime 2, 25, 44, 54, 78, 101, 102, 103, 104, 111, 117, 124, 126, 139, 189, 198, 211, 226, 227, 228, 229, 242, 243, 259, 266
subprime crisis 228
subprime mortgage 228
subsidies 119
subsistence farmers 115
substitutability 201
suburban shopping centers 199
suburbs 199
subway tokens 194
Succeeding 11, 281, 284
sugar 173
suicide 5
suit 181
suitability 221
suppliers 62
supply and demand 51, 201, 231
supply and demand are balanced 201
supply-chain contagion 44
supply-side economics 55
Supreme Court 87, 91, 93, 94, 97, 98, 110, 113, 114, 115, 168, 178
surprise inflation 214
survivalism 19, 147, 148
Survival of the Snowbirds 155
survivor bias 187
suspend specie payments 119, 161
swap meet 179, 181, 183
swaps 103, 139
Swaziland 20
sweat equity 131
Sweden 102
Swensen, David 135, 187, 201, 227, 237, 284
swindle 45, 69
Swissair 257
Swiss Franc 65
Swiss Franc-ization 65
Swiss government 97
Swiss WIR Bank 97
Switzerland 25, 98, 166, 257, 258
systems failure 120
T
tails you lose 237, 242
Taiwan 44
taking back a mortgage 243
taking delivery 152
Taleb, Nassim Nicholas 23, 276, 283
tangible assets 12
tariff on imported interest 113
tariff on interest 99
tariffs 25, 84, 100, 108, 109, 112, 116, 123, 124
TARP 258
Taussig, Frank W. 106
tax 10, 18, 29, 50, 277
taxable 177
taxation 32, 64, 157, 278
tax avoidance 269
tax base 110
tax benefits 269, 270, 271, 275
tax bracket 130
tax deduction 70
tax-deferred pension fund 170
taxes 19, 25, 87, 112, 129, 141, 146, 275, 279
tax evasion 111, 117
tax-exempt pension account 237
tax-free 158
tax-free exchange 131, 178
tax-free gain 158
tax-free municipal bonds 235
tax increase 4, 18, 31
taxing social security 130
tax owed 246
tax rates 278, 279
Tax Reform Act of 1969 130
Tax Reform Act of 1986 266
tax revenues 2, 20, 33, 268
tea 173
teachers 72, 77, 127
teaching credential 127
teaching device 177
technology 55, 136
telecommunications 119, 182, 232
telecommute 153
telegraph 136
temps 82
Tennessee 252, 271, 272, 279
Tennessee Valley Authority 96
Tenth Amendment 91, 93
terminal disease 17
term life insurance 267
terrain 202
terrorist attacks 103
Tett, Gillian 226, 283
Texas 64, 105, 155, 156, 245, 252, 254, 271, 272, 279, 280
Thailand 102, 103, 228
theater 33
theft 174
Theory of Money and Credit 94
Third Lateran Council 89
Third World 37, 209, 234
Thirty Years War 89
This Time Is Different 9, 29, 32, 34, 36, 43, 51, 53, 54, 64, 68, 89, 110, 111, 189, 204, 206, 207, 210, 257, 258, 284
Thomas, Elmer 168
Three C’s of Credit 182, 215, 248
Three-Mile Island 222, 224
three-month lag 237
Tiananmen Square 46, 207
Tide 191
Tiger Management 261
tight coupling 222, 223, 225
tight money 81
Tilkin, Gary 283
Tillman, Pat 30
timber 102
time 262
time deposits 126
time disintermediation 263
timed it right 198
time is money 262
time line 88
time the market 77
tin 162, 165
tipping point 6, 273
titanium 165, 169
Title 33 249
tobacco 173, 179, 187
Tobin, James 40
Toffler, Alvin 136
too-heavy-to-ship items 264
tools 15, 159, 181
too much equity 83
tooth fairy 120
top 10% upper-income households 12
total market index 153, 186
total output 11
tourism 112
Tower Records 257
Toyota Camry 131
Tract on Monetary Reform 32
tractor fuel 255
trade 178
trade barriers 115
trade deficit 101
traders 25, 103, 104, 209, 225, 263
trade secret 53
tradesmen 159
trade war 81, 207
trading post 178, 181
Trading With the Enemy Act of 1917 120, 125
transaction costs 148, 170, 182, 223, 238, 240, 241
transactions 84
transparency 30, 103
Transparency International 207
transportation 152
transportation fringe benefits 130
travel 44
traveler’s checks 17, 59
Travelers Group 103
Treasury bonds 29, 37
Treasury Inflation Protected (TIPs) securities 10, 19, 33, 59, 103, 108, 132, 138, 236, 237, 238, 239, 240, 241, 247, 265, 277
treasury notes 87
Treasury Secretary 1, 26
Treasury, U.S. Department of 3, 84, 140, 239, 259
Treaty of Masstricht 102
Treaty of Paris 113
trees 148, 150
triple-glazed windows 150
trolleys 153
truck 273
trueque clubs 102
Truscon Steel Co. 195
trust 15, 18, 30, 122, 127, 139, 141, 146, 183, 193, 194, 206, 209, 234, 259
trustee 240, 251, 269, 270
trustee’s power of sale 249
trustworthy 14, 211
trustworthy countries 19
trustworthy institutions 19
tuition 189, 271
tulip futures 89
turkey 159
Turkey 119, 207, 209
tux 181
TVA 98, 117
TWA 257
Twain, Mark 44
two-tier gold market 99
two-way indexed asset 18, 59, 61, 139, 164, 173, 189, 193, 202, 203, 213, 236, 238, 246, 275, 277, 280
two-way indexed liquid asset 263
two-way price clause 225
two-way streets 167
type of assets 7, 8
types of protection 277
typing 128
U
UBS Bloomberg Constant Maturity Commodity Index (CMCI) 140
UDI 194
UF 141, 194
UF-like units of account 194
Ugarte, Augusto Pinochet 141
Ukraine 119
Ultimate Suburban Survivalist Guide 284
uncertainty 12, 23, 25, 53, 60, 186
Unconventional Success 227, 284
uncorrelated 18, 210, 229
underwater 80
underwriting 228
undistributed profits tax 110
unemployed 6, 13, 25, 34, 40, 67, 77, 81, 82, 94, 98, 109, 148, 182, 215, 253
unexpected high inflation 7, 167, 229, 238
unfunded federal government liabilities 20
unfunded liability 1, 2, 59, 84, 234
unfunded pension and health care obligations 208
Unidad de Fomento 141
Unidad de Fomento (CLF) Currency Exchange Rate Conversion Calculator 141
Unidad Tributaria Mensual (UTM) 141
unindexed 68, 236
unindexed code 130
unindexed debt 17, 59, 246
unindexed dollar-denominated assets 247
unindexed insurance policy limits 17
unindexed law 63
unindexed leases 18
unindexed long-term contracts 18
unindexed part of the code 130
uninsurable risk 229
uninsured deposits 84, 234
unions 50, 71, 76, 114, 119, 134, 140, 155
United Copper Company 94
United Kingdom 129, 206
United States 207, 208, 209, 257
United States dollars 241
United States Mint 104, 172
United States v. Bankers Trust Co. 168
unit of account 14, 15, 141, 177
Universa Investments 276
university 149
university endowments 71
University of California 272
University of Chicago 281
unknown 25
unknown unknowns 23
unlawful detention 120
unlimited risk 210
unlimited upside 79
unpaid furloughs 127
unpatriotic 34, 116
unregulated 226
unruly children 35
unsafe work 229
unscheduled balloon payment 274
unsecured creditor 251
unsecured debt 274
unsustainable 1, 27, 259
unusual and extraordinary threat 121
UPAC 194
upside-down 19
UR 194
urban areas 137
urban consumers 134
Urban Institute 78
Urban Renewal 199
urban wage earners 134
Urban Wage Earners and Clerical Workers 140
Uruguay 103, 194
URV 194
USAA Federal Savings Bank 170, 231
usable denominations 14
U.S. Army 267
U.S. bonds 237, 240, 245
U.S. Bureau of Engraving 58
U.S. currency collection 106
U.S. dollar 265
used car 183
use tax 246
U.S. government 232
U.S. government bonds 209, 237, 264
U.S. Mint 171, 217
U.S. Postal Service 222, 234
U.S. short-term bonds 228
U.S. Steel 116
U.S. Supreme Court 32, 50, 97, 98, 120
U.S. Treasury 3
U.S. Treasury securities 3, 7, 45, 82, 119, 123, 207, 236
usury 41, 161, 169, 277
Utah 252, 272
utilities 77, 147
utility and security deposits 253
UVC 194
V
vacant building 62
vacation or second home 74
vallar 194
value-added tax 111
value at risk 104
value buyers 263
value investing 38
value of your time 159
ValuJet 592 crash 222, 224
vandals 199
Vanguard Inflation-Protected Securities 240
Van Mises, Ludwig 147
vegetable garden 76
vegetables 132, 151
vehicle 25, 74, 83, 158, 189, 253, 274
vehicle repair shop 74
velocity 15, 61, 71
Venice 89
Ventura 194
Vermont 252, 278
versatility 145
vertical integration 63
veterans 110
Veterans Administration (VA) 95, 99, 149, 217, 218, 249
veteran’s benefits 253
viable firms 262
vices 187
vicious downward spiral 263
video cameras 264
Vidor, King 148
Vienna 92
Vietnam 49, 120, 195
Vietnam war 3, 128
vigorish 243
Virginia 252, 271
Visa 116
volatility 227
Volcker, Paul 17, 42, 47, 49, 50, 78, 100, 112, 116
voluntary bankruptcy 248, 251
Voluntary Foreign Credit Restraint Program 99, 113
voluntary liens 274
voluntary price controls 116
W
W-2 income 68
Wachovia 104, 133
wage and price controls 4, 58, 63, 100, 109, 112, 115
wage-price “guideposts” 116
Wagner Act 98
waiting 77
walk 217
walk away 81, 203, 204
walk to shopping or work or school 152
Wallich, Henry 59
Wall Street 3, 226, 259
Wall Street Journal 3, 4, 208, 272
Wal-Mart 4, 193
WaMu 257
war 11, 23, 33, 34, 41, 58, 65, 71, 73, 82, 87, 89, 91, 109, 115, 120, 139, 167, 194, 195, 198, 207, 209, 229
war bonds 87
Warburgs 121
War, Civil 87
warehouse receipts 85, 88, 92
warehouses 198
warning lights 5
War of 1812 91, 119
warrant 146
war reparations 71
war-time hysteria 76
war-time powers 120
Washington, George 49
Washington Mutual Bank (WAMU) 104
Washington state 94, 194, 252, 271, 272
WASPs 95
waste 55
water 159
water bills 274
waterfall 150
Watergate 116
water rights 254
wealthy 12, 48
weather 23, 137, 145
Weather Handbook 150
wedding and engagement rings 254, 255
Weidenbaum, Murray 70
Weimar Germany 5, 7, 10, 52, 57, 59, 61, 67, 71, 78, 94, 118, 139, 146, 200, 203, 214, 259
Weinberg, Carl 81
Welch, Jack 102
welfare 103
welfare recipients 78
welfare states 208
well 147, 148
Wells Fargo Bank 104, 133
welsh 258
Wessel, David 122, 284
West Coast Hotel Co. v. Parrish 98
Western Europe 89, 208
Western Roman Empire 167
West Point 66, 150, 257, 267
West Virginia 147, 194, 246, 252, 271
W. Federal 199
What Has Government Done to Our Money? 31, 70, 86, 182, 284
wheat 26, 163, 178
wheelbarrows of cash 57, 67
When Genius Failed 224, 284
Whip Inflation Now (WIN) 100
whole life insurance 267
Why Smart People Make Big Money Mistakes and How to Correct Them 284
wife’s name 255
wild guess 240
wild turkeys 148, 159
Wile E. Coyote moment 27
willful and malicious acts 246
Williamsburg 149
Williamstown 149
Wilson, Woodrow 94
wind mill 150
winged liberty head U.S. silver dime 180
Winning the Loser’s Game 284
Wisconsin 252, 278
withdrawal 268, 269, 275
Wizard of Oz 128
wood 159
Woodin, William 97
wood shingle roof 151
wood siding 151
wood stove 147, 150, 159
wool 89
Woolworth 190
Worcester 149
Workamper News 154
workers 48
workers’ compensation 253
working hard 17
working without pay 127
works of art 161
Works Progress Administration 98
World Bank 101, 141
World Bank UF bond 141
WorldCom 257
World GDP 1
World Series earthquake 67
world trade 25
World War I 6, 7, 33, 42, 46, 57, 65, 71, 94, 96, 120, 167, 258
World War II 6, 9, 13, 42, 51, 57, 77, 99, 111, 115, 117, 120, 136, 164, 266
World War I Liberty Bonds 168, 200
world wars 206
worst case 219
Wriston, Walter 70, 211
written communication 61
Wyoming 252, 278
X
xenophobia 44, 111
Y
Y2K problem 103
Yale 33, 135, 187, 201
Yaqui Pass 155
Yellow Springs 194
yen 46, 208
yield 26, 37, 45, 103, 186, 188, 239, 241, 242
yield curve 39
You Consumer Price Index 134, 138
young people 12, 48, 207
Young, Roy A. 95
Youngstown 5, 7, 37, 76, 82, 109, 125, 127, 157, 185, 186, 195, 198, 233, 258, 267
Youngstown Steel & Tube 185
Youngstown Vindicator 233
Your Income Tax Professional Edition 284
Your Money & Your Brain 284
yuan 43, 46, 205, 207
Yugoslavia 119
Z
Zaire 119
zero inflation 13, 239
zero interest rate 255
zero percent interest rate 80, 166, 233
zero-population-growth 257
Zimbabwe 6, 7, 52
zinc 172, 265
zlotys 65
Zuckerman, Gregory 2, 283
Zweig, Jason 284

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