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Groupthink On Display At Bearingdrift
If anyone believes the political establishment has a solution to the debt problem, please visit one of Virginia's close-minded "conservative" republican establishment political blog sites, bearingdrift, and see for yourselves. From an article posted there [...]
Financial Repression Is Coming To America
And it's not some Tea Party tinfoil hat whacko who thinks so; it's Mohamad El-Erian, co-CEO of PIMCO, the world's largest bond fund, with over $1.3 Trillion under management. "The co-CEO of the world’s largest [...]
The Trouble With Socialism Is That Eventually You Run Out Of Other People’s Money
But we're not there, at least not yet. From WaPo: Follow the link and click on the graphic to see the trajectory for the federal debt. We will not have run out of other people's [...]
Free Markets – to stimulate or not to stimulate?
The economy is in a slump, so the government must step in and help stimulate it so we can have prosperity again. That sounds like a reasonable statement, so what’s wrong with it? A lot [...]