Apr 11, 2008 Comments Off
Ron Paul Questions Gen. Petraeus
Quite revealing that he is the only one asking these sort of questions:
Mar 26, 2008 Comments Off
Our Financial House of Cards
via Mises.org – George Reisman makes a pretty compelling case for the reinstitution of the gold standard:
Needless to say, such a system would not only end the threat of deflation, but, equally important, it could end the threat of inflation as well. For if it were actually followed, the increase in the quantity of money would be limited to the increase in the supply of gold, which is extremely modest compared with increases in the supply of irredeemable paper money. This is because gold is rare in nature and costly to extract. Irredeemable paper money in contrast is virtually costless to produce and is potentially as abundant as the supply of currency-sized sheets of paper, indeed, as abundant as the size of the largest number that can be printed on all such sheets of paper.
This is an issue that is very much on my mind these days. I think that the majority of our country’s problems are rooted in the stealing of the poor’s wealth through the invisible force of inflation. The popular solution is to redistribute money through taxation via free social programs. The problem is that redistribution doesn’t actually encourage individual financial responsibility, but rather individual entitlement (which I’m sure we can all agree is a very bad thing).I could go on and on about this, but that’s for another post when I’m not running late to work. In the meantime, go read George Reisman’s article.
Mar 26, 2008 Comments Off
The Anti-Cassandra
via Daring Fireball
Short, but extremely insightful. Here’s a snippet:
Reading some of today’s news, it suddenly struck me: we’re living in the age of the anti-Cassandra.
Cassandra had the gift of prophecy — she saw, correctly, what was coming — but was under a curse: nobody would believe her.
Today, our public discourse is dominated by people who have been wrong about everything — but are still, mysteriously, treated as men of wisdom, whose judgments should be believed. Those who were actually right about the major issues of the day can’t get a word in edgewise.