What is the morality of doing business with your avowed enemy as long as it’s profitable?
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It’s clear what’s happening here. This is an admission that the Fed is under withering continuing attack and this is a feeble attempt to respond. The slide show is laughable. I take great comfort, as noted in the article, that no matter what the Fed does, it exposes itself as the fraudulent entity that it really is.
It’s awfully easy to accuse the BLS of fudging the numbers for political purposes, especially since an improving economy is likely to improve Obama’s chances for a second term. But honesty requires that we look more closely at those numbers.
The height (depth?) of hypocrisy is breaking a law you helped to write. Mark Walters is correct: lawmakers must be held to a higher standard.
Here is where corporate hubris and short-sightedness force a company like Kodak to go bankrupt. The world moves much more rapidly today than it did in the past. If a player loses its focus, just for a minute it seems, it’s a goner.
Ellen Brown, author of Web of Debt, is (successfully so far) pawning herself off to uninformed Tea Partiers with her own form of collectivism all dressed up to look like freedom. This article was written deliberately to blow up that myth. As you will see, there isn’t a nickel’s worth of difference between her position and that taken by an avowed socialist, Matthew Yglesias.
I think it’s entirely appropriate and significant that the first book Gutenberg printed was the Holy Bible. That single action not only gave credit to Our Heavenly Father for giving us His instructions, but sowed the seeds of the Renaissance which led to the beginnings of the American republic. These are simply not accidents!
Keeping the Post Office in government hands just because “the government has always delivered the mail” is the lamest possible excuse. It’s another example proving that if you want something done poorly, have the government run it. Too bad nobody is even considering selling it which is the only solution to the problem.
To most people, the idea of more than one currency probably seems a little strange, a little “out there.” And yet—surprise! surprise!—a closer look reveals some common sense and some insight into the matter. The primary benefit, it seems to me, is that a currency competing with Federal Reserve notes would very quickly reveal the fraud that that fiat/paper/unbacked currency really is.
I’m sure Patrick Donahoe is a very nice guy. He sounds nice according to his presentation to the subcommittee. But he’s fighting an impossible battle: declining need for his services coupled with union demands and government regulations. It’s a lesson in how not to succeed.