Sublime
An inspiration engine for ideas
Gold and Economic Freedom
Alan Greenspan argues that gold and economic freedom are intertwined, emphasizing how a gold standard protects savings, supports limited government spending, and combats inflation in a free society.
math.snu.ac.krAmazingly, many journalists & people in tech don’t appear to know that the proximate cause of the “Internet Bubble” collapsing was Greenspan/The Fed raises interest rates.
Keith Raboisx.com
Let me translate, if you don’t own assets you better find a way to get some and fast. https://t.co/jyLmrK7qA1
Only Alan Blinder, once a Fed vice chairman and a former Princeton colleague of Bernanke’s, defended the Fed. Blinder told this tale:
Andrew Ross Sorkin • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves
the determination whether interest rates need to go up, down, or stay the same—are made by a committee within the Fed called the Federal Open Market Committee (FOMC), which consists of the board of governors, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
I sit on the House Financial Services Committee, which oversees the banking regulators.
I am aware of no real limitation on the ability of banking regulators to de-bank law-abiding citizens and businesses without due process of law. The federal government’s unfettered powers of de-banking represents an insidious... See more