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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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I am no scholar, I am Joe six pack, though I don’t drink. I have learned much from the Mises.org web site. Yet at this time of great crisis I feel as though most Austrians have been content to sit out of the current fight. With the exceptions of Ron Paul, Tom Woods and Peter Schiff where are the...
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[quote user="limitgov"] Q1: In essence Bank of America has its own notes as does chase and now markets have to pay for the overhead in maintaining such a number of different currencies and prices of goods have to be constantly changed per the currency you hold as in buying a can of beans may...
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In order to avoid a new bubble being blown from the counter-cyclical reaction of the state and its central bank to the bust phase of the most recent business cycle, the best first action is no action. In medicine there is a mandate to first, do no harm, extending this to the political realm would do...