How to Fix the Economy in Three Easy Steps
How do we get the US economy out of the ditch that our politicians have driven us into? 1. Link the dollar to gold by passing H.R. 6690, sponsored by Rep. Ted Poe. 2. Allow companies to expense capital investments. 3. Suspend mark to market accounting. Sounds like a pretty good plan. Read the whole .. read more
Ah, The Good Old Days
via Samizdata: “Until August 1914 a sensible, law-abiding Englishman could pass through life and hardly notice the existence of the state, beyond the post office and the policeman. He could live where he liked and as he liked. He had no official number or identity card. He could travel abroad or leave his country for .. read more
Our Money is Broken
A more worthy selection in today’s WSJ is this selection from Judy Shelton: The world is not ending. Despite the wrenching turmoil in global financial markets and morbid allusions to the death throes of capitalism, it ain’t over. Not until people quit believing in themselves, not until people quit believing in a better future. But .. read more
Why does the Fed Fear Deflation?
Back at the beginning of this century, the Fed (and Ben Bernanke in particular) became worried about deflation. When the tech bubble popped they were so worried about the potential for deflation a la the Great Depression that they overdid it and caused a housing bubble. But why does the Fed fear deflation? That fear .. read more
