What we need is not necessarily a gold standard, but rather a “de facto” gold standard where the fed keeps the price of gold within a tight range. That way there’s plenty of liquidity for growth, and excess liquidity during recessions is “sopped up” so that it can’t cause inflation. What’s interesting is that the… Continue reading The Current Fed Mandate Doesn’t Allow For Prosperity
In Response to this blog post “Why Coke Cost a Nickel for 70 Years” I wrote this comment: “Same reason the price of oil was basically the same from 1920-1970, even through the invention of automobiles and Jet Airplanes! It’s because Nixon closed the London Gold window in 1971. That’s the whole and only reason… Continue reading How to End Inflation Once and For All
There were three causes, and all were the government driven: The Congress – The Community Re-investment Act. This is what gets me: Everyone thinks it was lack of regulation that caused it. The regulation in the form of this act forced them to lend to everyone and everybody! I mean how much more ironic can… Continue reading The Government Was the Cause of the Financial Meltdown of 2008
Here’s the best way to put it: Quantitative Easing (QE) is like saying that simply feeding a guy will make him exercise more. It doesn’t. It just makes him more fat (inflation). On the other hand, someone who is working out and growing muscle (ie, a metaphor for a growing economy) does need to be… Continue reading The Biggest Problem the World Faces: No Stable Unit of Account
All you need to do is change the Fed’s mandate from targeting interest rates to targeting Gold. The Fed can easily keep the price of Gold within a tight trading range by increasing liquidity when the Price of gold dips below the prescribed range (indicating deflationary pressures) and conversely selling bonds to mop up excess… Continue reading How to Return to a Gold Standard Without Disrupting Liquidity Needs
3 Democrats Could Block Health Bill in Senate – NyTimes.com United States Senator Blanche Lincoln 355 Dirksen Senate Office Bldg., Washington, D.C. 20515 Office: 202-224-4843; Fax: 202-228-1371. Hi, I want to go on record as supporting Sen. Lincoln in being AGAINST the Health Care Bill. I believe real Health Care reform could be accomplished by… Continue reading You Go, Blanche Lincoln!