Why did the government ever get into the "you-ought-to-own-a-home-and-we'll-make-it-easy-for-you" business? The knuckleheads in D.C. created the Federal National Mortgage Association, nicknamed "Fannie Mae." Well, you can't run government like a business because of the lack of prices, so walaah! - it's now broke. In fact, they want billions more of our money to stay afloat, as you can read here.
If the government had just followed the Constitution, which doesn't mention home ownership, we wouldn't have Fannie taking so much of our money.
Sunday, February 28, 2010
Saturday, February 20, 2010
The Fall of Rome
Part of the reason the Roman Empire collapsed was that the government debased the currency. The coins were becoming cheaper and cheaper with less and less precious metals content.
As you can see by this article, people around the U.S., more now than ever (and more now than any time since the Great Depression) are beginning to use their own currency! No longer having much faith in the four cent dollar issued by the district of corruption, towns are issuing their own currency. Just another sign of the times.
When the treasury can no longer sell its securities (treasury bonds, notes, and bills) at the monthly auction and the dollar collapses, what are you going to use?
As you can see by this article, people around the U.S., more now than ever (and more now than any time since the Great Depression) are beginning to use their own currency! No longer having much faith in the four cent dollar issued by the district of corruption, towns are issuing their own currency. Just another sign of the times.
When the treasury can no longer sell its securities (treasury bonds, notes, and bills) at the monthly auction and the dollar collapses, what are you going to use?
Sunday, February 7, 2010
Welcome to Gattaca
As you can read in this cnn.com article, the government has been collecting the DNA of newborns for quite awhile. They also collect the DNA of anyone arrested by a federal official. Soon they may require everyone to give a sample. So in a generation or so, the all -powerful omnipotent state may have ALL of our DNA on file. Welcome to Gattaca.
Friday, February 5, 2010
Austrian rap video!
It's a sign of the times! Austrian Economics is no longer a strange term. Millions of Americans are aware of it now, and now there's even a great rap video out. Just go to youtube and click on Videos at the top. Then type in Keynes v. Hayek. It's great! Included are economic terms, and don't miss the names of the bartenders! (Ben for Ben Bernanke, chairman of the Fed, and Tim for Tim Geithner, Treasury Secretary).
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