Speech by Ron Paul (LRC): “Centralized planning is as disastrous in monetary affairs as in economic affairs. Just as Russian commissars could not determine prices or production levels in the absence of a free market, the Federal Reserve Board cannot determine the “proper” level for interest rates or the money supply. Our fiat currency and artificially low interest rates can only result in the deterioration of the U.S.
A New York Times review of the fascinating new, 3-volume, $385 Advertising Age Encyclopedia of Advertising.
In his weekly overview for Man Financial, Frank Shostak writes:
ArgMax, edited by former About.com guide John Irons, who teaches at Amherst, is one of the best economics sites I’ve seen.
A Blog for Everyone (BBC): “At its simplest a blog is a web-based, regularly updated journal. They also typically have lots of web links to other blogs they like or share their world view. Some are updated many times a day, some less frequently and some only when their owner feels they have something to say. Some are about a blogger’s life, others focus on a particular subject, and the writers of some simply note or comment on the events they find interesting or irritating.
According to Niall Ferguson and Laurence Kotlikoff, global rule by the US is threatened by balloning expenditures on Social Security and Medicare. (Courtesy of Eduardo Kamisato.)
Like all bankrupt Empires whose corrupt elite clings to power by suppressing the threat posed by bourgeois entrepreneurialism with the aid of the dole-soaked welfare proletariat, the US needs to ensure continuous access to resources from abroad at less than the free market cost its impaired system cannot afford to pay.
Armed might is obvious means of this expropriation, though a little problematical even when dressed up as a Crusade, or as a sine qua non of the maintenance of ‘national security’, as the present Administration is discovering.
