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I'm sick of Democracy for Breakfast. Every day, same old Democracy. Democracy with toast. Democracy with Bacon. Democracy Benedict. Scrambled Democracy.. .where will it end? No, really, I agree. The gateway drug stuff really has been oversold and carries "Everybody knows" status now. It's sick.
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So what's the first move in the gold standard chess game? Abolish legal tender laws? that would be quite a "shock" because the money people would probably know exactly what would happen and act quickly. Announce (and follow) a policy of gradual adjustment to 100% reserve to deflate the currency - would that ease the gold transition? The
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and here: http://mises.org/books/failureofneweconomics.pdf Hazlitt goes through "The General Theory", Keynes' magnum opus chapter by chapter exposing how bad it is (to be a keynesian).
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I look at it this way: Setting an interest rate at 0% (or -3%) creates an enormous pressure of money into the system. At those rates you have built-in profit and *not* borrowing is stupid. Whatever the regulatory road blocks in the way, the pressure is adequate to take the dirt side-roads around them or even construct a brand new highway. Regulating
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A couple quick points: Imagine two cavemen are moving large stones around. One decides to roll his large stone on logs, essentially making use of the very first wheel. The other caveman sees this and thinks it's a good idea. Does the first caveman have a right to destroy the second's attempts at using wheels? For how long? What if caveman 3
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(short clip) http://www.youtube.com/watch?v=_OWINncMFz8 (hour+ clip) http://www.youtube.com/watch?v=bv2xwT4LrcI Comment and destroy. :P
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[quote user="Stranger"] It's propping up the government bubble. [/quote] As in the industries which are hiring too many people and expanding production too much and will be unable to pay back its debt is.. government. This would suggest that this time it's different, inflation will be bad, the fed no longer has the interest rate tool
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I can understand relatively easy money of 3% in the 90s built the .com bubble, easy money of something like 1.5% in 2002 built the housing bubble. Now we're at 0% - where is it going? I suspect it's going to prop up the housing bubble. Can you point me to a current affairs analysis of present conditions? Thanks
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I want to say that I LOL'd at the part II exposition on facebook. :) It's awesome.
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Just a quick question/suggestion: have you ever read or heard of Scott McCloud and his graphic book named "Understanding Comics"? I think it is brilliant. I also hear that "Making Comics" also by McCloud is good. http://www.amazon.com/Understanding-Comics-Invisible-Scott-Mccloud/dp/006097625X/ref=cm_cr_pr_product_top I only mention