Marked inflation in the prices of goods and services should be what we fear. Most economists with a brain will agree that true inflation is fundamentally an issue of the supply of money, not what happens to prices, which is what most consumers understand inflation to be.

Our money supply is controlled by the Federal Reserve, and Ben Bernanke is the director of the show there. In order to fight our recent economic burst bubble, Bernanke and the Fed have massively inflated our supply of money to attempt to re-inflate the bubble. The increase in our money supply in the last ..read more

My jaw nearly dropped while reading THIS ARTICLE advocating special privilege to low-income people in expanding home ownership efforts (presumably through government subsidy).

To quote:

The timing is right. Now that prices have collapsed in many areas, low-income Americans might be able to afford to purchase homes for the first time in years. Sales of new homes in June were down 21 percent from last year. This would seem an ideal time to encourage low-income families to buy homes.

Huh??? Am I the one who is brain dead or is this really happening ..read more

Long live Switzerland.

I MUST provide a link to an article in the New York Times from this morning. My regular readers will be all too aware of my strong feelings towards individual liberty and privacy. But to hear it from a liberal European…and in the New York Times…oh my goodness.