As a percentage of GDP.
We have a few really liberal (the American “modern” kind) favorites and Ralph Nader is one of them.
We like him not because he agrees with us on everything, he certainly doesn’t, but he has a moral compass. He has a deeply developed sense of right and wrong. This is something too many in the political world both on the Left and Right simply do not have.
As we stated before, Rahm Emanuel isn’t the only one who believes that a good crisis shouldn’t be wasted. The attacks in Paris have galvanized much of Europe and as such politicians across the Continent (and here too) are trying to grab power while the climate is right. Case in point? That the EU now wants access to pretty much every bit of financial information flowing through the SWIFT system. Basically they want ultimate control over electronic transfers.
They need this information of course to “combat terrorism.”
This is supposed to be some kind of surprise? A revelation? The central banks exist and have always existed FOR Wall Street and London.
Quasi-fascism = crony capitalism.
Everyone should know Murray Rothbard. He’s changed many a mind over the years. Probably my favorite economist.
This whole situation basically is a grudge match between 2 very rich hedge fund guys (one a lot richer than the other), Bill Ackman and Carl Icahn, which came to a head very publicly a couple of years ago as you can see below.
Trucking is a great barometer of economic activity. Gas prices are down so fuel isn’t the issue. It’s something broader.
Wouldn’t you rather walk through this than a parking lot?
This is the market baby! Very nice from REI. It’s a gamble but one I think is likely to pay off. I may just have to get my hiking boots from them this year.
Seriously, instead of going to the lame mall and battling people you’d rather not be in close proximity to, go for a hike with your family on Black Friday. We at ACC wholeheartedly support #OptOutside.
Love that “Dumbo” is on the back. Not a Federal Reserve note (last time I checked), but basically the same.
Hey, here’s a shock. Robert Rubin loves the Fed! I can’t believe it. It’s not like Robert Rubin has profited handsomely (to put it very mildly) under the central banker planned economy.
Here’s what’s frustrating for many of us in the Fed critic world. So few people really want (to try) to understand money. Money can be a scary thing.
Don’t mess with City Hall’s revenue stream. Parking tickets are the sweetest plum.
As we’ve said many times, we have no affiliation with the Kochs. Though we think that generally speaking they do a heck of a lot of good and are not at all the evil ghouls those shining citizens Nancy Pelosi and Harry Reid make them out to be. I’ve read David Koch’s (last) book which explains his management philosophy and found it valuable. Generally speaking I like the Kochs and have for a long time.
Sacrilege! The Kochs are evil!
The dotted line indicates where the dollar was detached from gold.
One the most important things about gold as a monetary foundation is that it forces financiers and economists to deal with reality. Gold is the North Star by which economies and currencies are judged. It’s been this way for millennia, and it likely will remain the case for many years to come. But we have detached our money from gold, and reality. In 1971 Richard Nixon severed the last ties the dollar had to gold.
Somehow, for many people, the TEA Party has become some sort of social conservative thing. This is the dominant narrative repeated in much of the press and indeed some social conservatives have tried to run with this recharacterization.
But the TEA Party wasn’t and isn’t about social issues. It is about reducing the size of government. It is about bringing the political class in line. It is about We the People saying ENOUGH! And most importantly it is about being TAXED ENOUGH ALREADY.