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Tag Archives: money

Can You Uber a Burger?

You sure can, and lots else besides.

With mobile computing markets for practically everything are much more dynamic and useful for the average person.

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Is the fix in? ‘Stunning’ Fed move put bottom under stocks: Traders

This fundamentally has been the bet of traders of all kinds for the past 3 1/2 years or so. If things get too bad in the markets the Federal Reserve will come to the rescue. The belief is that the Fed is bigger than the market. That come what may the shamans can offer a “wink and a nod” and all will be well. That is what these guys think they saw today.

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Kansas GOP Senator is in trouble, starts calling up every lobbyist he can

It’s a tough race for Senator Pat Roberts. After 18 years in the Senate he is in a political dogfight with independent candidate Greg Orman. Orman is leading right now by 10 points – in Kansas – this election. This year should have been a cakewalk for a GOP senator from the Sunflower State. But no.

Roberts isn’t going out without calling in every favor he can from K Street Washington however.

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The (all too) Sane Case for Auditing the Fed

By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.

It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody – and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue. – Murray Rothbard from (the original) Case Against the Federal Reserve

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Former Chief Economist at Dept of Labor: Federal Workers Are Rewarded When They Waste Your Money

In DC the general rule is that agencies should spend every single dollar allocated for that agency so that next year the agency can ask for even more. Plus agency managers measure their stature by the size of the budget they command. If for some reason the amount of money spent by agency X dropped significantly, this in the mind of the bureaucrats means a commensurate drop in power and influence for that agency. No one wants that. (No one inside the Beltway anyway.) So every year it’s spend spend spend. Little regard is given to the fact that it’s the taxpayer’s money the agencies are spending. Anyone who did raise the issue seriously would be laughed out of the boardroom.

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