Tuesday
Feb232010
What Debt Crisis: Obama Plans $1 Billion British Embassy
A model of the US Embassy in London, complete with moat and rolling parkland.
Entries by DailyBail (6219)
Feb 23, 2010 at 10:14 PMTuesday
Feb232010
Watch Fox News Try To Discredit Ron Paul's CPAC Victory
Shameless attempt to whitewash a result that doesn't please their corporate overlords. The Ron Paul Army was watching and put together this clip. Bastages.
Tuesday
Feb232010
DOMINATION: Ron Paul Discusses Victory In The CPAC Straw Poll For President (Sorry Romney, Palin & Pawlenty)
Video: Ron Paul's victory is announced at CPAC and the Mitt Romney lovers begin booing and hissing -- February 20, 2010
Hilarious. Palin only got 7% of the vote. How quickly her star has faded now that she's on Fox News and people get to see just how stupid she is on a daily basis.
Tuesday
Feb232010
Tuesday
Feb232010
Stiglitz: Real unemployment is greater than 20% (VIDEO)
Stiglitz is partially right. Any stimulus must be highly focused on job creation; the problem is devising a program that actually works. Brennan provides some entertainment half-way through the clip when she challenges the Nobel Prize winner on Keynesian incentives.
Tuesday
Feb232010
Tuesday
Feb232010
Monday
Feb222010
Debt-Tastrophe: The Fed's Doomsday Course
By Kansas City Fed President Thomas Hoenig
Growing demands on the federal government have invited a massive buildup of government debt now and over the next several years. US fiscal policy must focus on reducing this debt buildup and its consequences.
History holds many examples of severe fiscal strains leading to major inflation. It seems inevitable that a government turns to its central bank to bridge budget shortfalls -- with the result being too-rapid money creation and eventually, not immediately, high inflation.
German hyperinflation is one classic and often-cited example, and with good reason. When I was named president of the Federal Reserve Bank of Kansas City in 1991, my 85-year old neighbor gave me a German 500,000 Mark note.
He'd been in Germany during its hyperinflation and told me that in 1921, the note would have bought a house. In 1923, it wouldn't even buy a loaf of bread. He said, "I want you to have this note as a reminder. Your duty is to protect the value of the currency."
Many say hyperinflation could never happen here in the United States. To them I ask, "Would anyone have believed three years ago that the Federal Reserve would have $1 1/4 trillion in mortgage-backed securities on its books today?" Not likely. So I ask your indulgence in reminding all that the unthinkable becomes possible when the economy is under severe stress.
Monday
Feb222010
Glenn Beck At CPAC: "Hello, my name is the Republican party, and I have a problem -- I’m addicted to spending and big government" (VIDEO & Transcript)
You might not be a fan of Glenn Beck's histrionics (but you'll like this clip); I never watch his show, personally, though I agree with him a fair bit of the time, especially in his condemnation of the Republican party for embracing big government. Complete speech, transcript and shorter, summary clips are all inside. Plus links from everywhere on his keynote closing to CPAC on Saturday.
Monday
Feb222010
Monday
Feb222010
