Gold, Greenbacks and Inflation: A History and a Warning - The Federal Reserve's 100th birthday is no cause to break out the champagne.
The Federal Reserve, which celebrates its 100th anniversary this year, is tasked by Congress with managing the money supply so as to preserve price stability while maximizing employment. But with the central bank having increased the money supply by 25% since the financial crash of 2008—while the federal government has borrowed $5 trillion—can inflation be far off?...
Now the inflationary potential of deficit financing has grown enormously over the first Obama term. The lesson of American history is that it is difficult enough for the government to resist popular demands for inflation to relieve private debts. When the government itself is the country's chief debtor, resistance is all but impossible.
"What chiefly distinguishes the daily press is its incurable fear of ideas, its constant effort to evade the discussion of fundamentals by translating all issues into a few elemental fears, its incessant reduction of all reflection to mere emotion." -- H. L. Mencken
What does one do when confronted with the mandatory task of negotiating a deal with someone who is demonstrably dishonest, driven solely by ego and only interested in embarrassing you? You don't negotiate with them. You place your best offer offer on the table and walk away leaving the decision to accept or refuse in the hands of your adversary...
It is vital that the ultimate decision on whether the debt ceiling is raised ends up in the hands of Barack Obama and not the Republicans in Congress. That begins by no negotiations, public or private, with him. The only way to defeat the hubris and determination of Barack Obama is to take small chunks out of his arrogant demeanor by initially small, but increasingly, larger bites. This current debt ceiling issue can be the beginning.
"Increasing America's debt weakens us domestically and internationally. Leadership means that ''the buck stops here.'' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit." Barack Obama in 2006
Reid, red-state Democrats may stop Obama's firearms initiative > Boehner finally makes smart move http://bit.ly/X9LiRK
WOW! Truth, Not Obfuscation, At Last > Unemployment at 23%, Not 7.8% http://bit.ly/X8h3uw
Obama pushing your "right to life" in gun argument. I guess millions & millions of aborted kids didn't have the same right! John Sykes
Conservative Leaders: The Time to Fight is Now - Here's How for RINOs: http://bit.ly/13Eczlm
Tweet 1 of these gun flyers to your Rep - Red for GOP @ http://bit.ly/XciPvb & Blue for Democrat @ http://bit.ly/10xMsi8