It just never stops revolving – never. It’s nice that this particular company wouldn’t exist at all were it not for the taxpayer dollars it was given.
And the revolving door revolves once again. Someone is going to have to put some WD-40 on those hinges. They’re getting a little squeaky from all the use.
1 quick point.
Indeed. End the Fed.
Sounds so radical doesn’t it? Isn’t the Federal Reserve there to smooth out the economy, to stabilize the currency? To make sure the world doesn’t blow up?
What if I told you that it doesn’t smooth out the business cycle, but exacerbates it. That the dollar has lost 95% of its value since the establishment of the Federal Reserve. And that the world has “blown up” multiple times under the Fed regime? The world is worse for having the Fed in it.
Solar power is good. In fact I grew up with water heated by solar panels installed by my electrical engineer dad. It worked great and that was in the mid 1980s. I have probably taken more energy off the grid than most people in America have. (Or more precisely my dad did.)
You know what isn’t good? Solar subsidies targeted at achieving unattainable goals but which will fatten the pockets of the politically favored.
The political and banking classes both demand easy money right now. (They always want it.) Print more and more money and the world will continue on as it has (limping that is) for the past 5 years. This is the “new normal.” Sure it’s corrupt, sure it’s counterfeiting, sure it encourages unsound economic and political decisions, but hey we need to do what we need to do.
The railroads and the government have been weary partners from the earliest days. This is nothing new, but the railroads shouldn’t brag about how they aren’t on the take.
Sure the Community Reinvestment Act (a totally crony law) had something to do with housing’s abrupt rise and fall in this country. And there were other factors besides Fed policy. But the primary reason why the global housing bubble, and before that the tech bubble, blew up and then collapsed is because of the easy money policies of one Alan Greenspan.