1/21/2011 Portland, Oregon – Pop in your mints…
Today we are taking a short break from our usual rant/commentary. As long as governments see fit to tinker with the economy and trade, there will be no shortage of fallacies to refute, advice to give, defeats to lament, and victories to cheer. We see it as our duty to add a voice to the cause of Liberty, no matter how weak and crackled that voice may be. However, here at The Mint, apart from bombarding our readers with seemingly incessant yet strangely entertaining commentary, we endeavor to go a step further and attempt to educate. By educate, we mean assist you, fellow taxpayer, in cutting through the onslaught of data to pick out important trends.
As we have mentioned before, at the bottom of every Mint, we provide data on eleven metrics that we have given the title "Key Statistics." We follow these Key Statistics daily in order to understand what is broadly happening to the economy within the confines of the US Dollar system which has come to dominate world commerce. Please note that we define the US Dollar as a system, and we must emphasize that this system, which is often mistaken for Money, is in fact a large fishing net, one that is cast over the world in an attempt to measure every activity under the sun.
With all of that said, we will now move on to our educational Mint of the day, the topic of which is oil.