One of the points we try to make here at ACC is that it’s not that “bad” people are in government and that what we need are “good” people to come in and take the reins. It is of course a very good thing when we are lucky enough to have honest people representing us in Washington, and it does happen, but generally it is the system that is the problem. It is too large. It runs too much of our lives. There is too much power vested in Washington. This power attracts the power hungry like moths to a bug zapper and often corrupts the decent people who find themselves in DC.
If the voters of Switzerland do choose to back their currency with gold I promise you that there will be MUCH more interest in the Swiss franc.
We often write about people who get into government and then live “rich” thanks to taxpayer money. It happens all the time in a myriad of forms. Meals, travel, conferences, hotels, you name it. Our officials like to live well and this is abuse enough of the taxpayer.
Say what you want about gold but it has held its value for thousands of years. The fiat dollar? Well let’s just say its been a steady march toward becoming trash.
If we want a high value economy, if we want high value jobs, we should have “high value” money. Sound money. Gold backed money. We should have money which can’t be eroded at the whim of our central bank.
I was recently talking with a friend who happens to be Jewish about aid to Israel. We were discussing Rand Paul and the dance he has to do with the official American Jewish political community on the issue of aid to Israel. Many in the pro-Israel crowd are vehemently against US aid to Israel being cut. They fear that Rand Paul would be open to the idea. For many American Jews this is a huge issue.
Yeah, how about it?
I know I am not the only American taxpayer who feels like they have been taken for a ride over the past 5 years. (And before, but especially since the Crash.) We want our money back.
The credibility train has long, long left this White House. Michelle Obama goes to Hollywood, hustles for campaign money, and then complains about how much money is in politics. It’s just bizarre. Politicians are a weird breed but the disconnect seems to be getting bigger and bigger these days.
(From The Washington Times)
“There is something you can do right now today to make a difference, and that is to write a big, fat check. I kid you not,” she said. “I’m going to be honest with you. That’s what we need you to do right now. We need you to write the biggest, fattest check that you can possibly write.”
“I’m going to be honest with you?” As opposed to what? A standard dishonesty?
Hilda Solis has worked for labor unions for her entire career. Therefore when President Obama appointed her to be Labor Secretary it was tantamount to giving a federal department to union special interests. That was only the start of what has turned out to be five and a half years of crony capitalism at the highest level.
I typically don’t post podcasts unless the interviewer is featuring ACC. However in this case I will make an exception.
Submitted for your enjoyment, and education Tom Woods (a favorite here) interviews economist Joshua Hall who wrote a book on economics using examples from the Simpsons. As I love both economics and the Simpsons I felt obliged to share with you. Enjoy.