Archive for the ‘currency boards’ Category

 

 

The key phase is “…don’t allow for artificial manipulation of the supply”. That and “Audit the Fed” are the two phrases that are most likely to cause stuttering, stammering, apoplexy and strokes among the politicrat rodents that have stolen our country (and soon our freedom) to sacrifice at the alter of their god Marx.

Peter G. Klein answers a viewer\’s question, and discusses a critical battle between technology and ideology. Klein is the Mises Institute\’s Executive Director and Carl Menger Research Fellow. For more information, visit the Mises Institute online at mises.org. Submit a question via twitter @MisesView

via ▶ The Mises View: “Bitcoin and Central Banking” | Peter G. Klein – YouTube.

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Greeks are pulling their money out of banks at the same time that some of its politicians are threatening to leave the euro. Is the eurozone falling to pieces? Will the European debt crisis spread to the US? Find out as the Allen Barton talks to Terry Jones of IBD, and Yaron Brook of the Ayn Rand Institute.

I couldn’t say it better, so read the whole thing here:

A Sample:

For a decade, from the election of Bush 43 forward, the Left has lied and cheated as it tried to return to power. Al Gore made a mockery out of the American electoral system by being a spoilsport over Florida, which Bush indeed won by 537 votes. Dan Rather forged a document to try to derail Bush’s re-election. Twice Democrats stole U.S. senators from the Republicans. After voting to support the war to get by the 2002 election, many Democrats quickly soured on the war. The profane protests were cheered by liberals who misattributed “dissent is the highest form of patriotism”to Thomas Jefferson; the words belong to the late historian Howard Zinn.

Once in power, liberals were the opposite of gracious.

For two years now, I have been called ignorant, racist, angry and violent by the left. The very foul-mouthed protesters of Bush dare to now label my words as “hate speech.”

Last week, the left quickly blamed the right for the national tragedy of a shooting spree by a madman who never watched Fox News, never listened to Rush Limbaugh and likely did not know who Sarah Palin is.

Fortunately, the American public rejected out of hand that idiotic notion that the right was responsible.

Rather than apologize, the left wants to change the tone of the political debate.

The left suddenly wants civil discourse.

Bite me.

The left wants to play games of semantics.

Bite me.

The left wants us to be civil — after being so uncivil for a decade.

Bite me.

Is the American Dream dead? How free is America’s economy? Check out the 2011 Index of Economic Freedom for all the answers.

http://www.heritage.org/index

 

 

Using only a big piece of pork, a large knife, and a small knife, the budget chef shows how to balance the federal budget by 2020.

As a special treat, he does it without raising taxes from the current Bush-era rates!It seems like a complicated preparation at first, but it’s so simple that almost any elected official should be able to pull it off like a pro!

Domestic and foreign investors will love this, and it will also help create a stable environment conducive to long-term, sustainable economic growth.Between 2011 and 2020, the Congressional Budget Office estimates that total federal outlays – for defense, agriculture subsidies, Medicare, Social Security, you name it – will total a whopping $42.1 trillion (in 2010 dollars). To bring outlays down to revenue, we need to cut a total of $1.3 trillion in total expenditures over the next 10 years.

That sounds like a really tall order until you realize that it cutting just 3.6 percent a year for each of the next 10 years. To put it in dollar terms, it means cutting about $130 billion a year from budgets that will average over $4 trillion. That’s not so hard now, is it? By making small, systematic cuts to a federal budget that is larded up with more fat than an Ponderosa buffet, we can balance the budget without even nicking essential services.

This video is based on “How to Balance the Budget Without Raising Taxes,” by Nick Gillespie and Reason economics columnist Veronique de Rugy of the Mercatus Center. Read that December 5, 2010 piece for detailed breakdowns of spending amounts: http://reason.com/archives/2010/12/05/how-to-balance-the-budget-with

 

A love song for economist F. A. Hayek?

But, “The Road to Serfdom” was #1 on Amazon for a few weeks this summer and is still above Obummer’s books despite being over 50 years old. It’s encouaging to see the young people getting interested in things that will actually make a difference in their lives after their parents just kicked the can down the road.

Original song by Dorian Electra.Filmed by Clara Lee, Madeline Scholl, and Ciaran Finlayson.

Lyrics:

Hey there Freidrich Hayek, ya lookin really niceYour methodology is oh so preciseYou break down social science to the fundamentalsRules and social order are the essentials

Chorus:The use of knowledge in societyby each of us we make the economyIt’s not magic that somehow our plans all alignThe result of human action, not of human design

Tell me your thoughts on resource misallocationDistorted price signals and misinformationInterest rates that are made artificially lowTelling producers where resources should go

Chorus

Since these low interest rates, like you said, are liesMalinvestments come as no surpriseSoon these mistakes will all be revealedand then corrected, unless they’re concealed

Chorus

Sometimes I dream all day ’bout bein’ Mrs. HayekWe’d share milkshakes, watch sunsets, and kayakWe’d work together on that business cycle theoryOh darlin’ you’ve been workin’ hard, you must be weary

Come to my couch, on which you can restI’ll make tea, we’ll talk credit and interestThen I can talk about my interest in youOf course we’ll talk ’bout the economy, too

Just me and you (x2)Me and YouOh, ohMe and You

Vodpod videos no longer available.

Presented by Timothy Terrell at the Mises Circle at Furman University: “The Coming Currency Crisis and the Downfall of the Dollar,” 13 November 2010.

Vodpod videos no longer available.