Bernanke to Congress: We're Much Closer to Total Destruction Than You Think - CNBC

Bernanke to Congress: We're Much Closer to Total Destruction Than You Think - CNBC

I think the Fed has been trying to avoid deflation from the beginning.  It seems they have taken action based on a greater fear of deflation than of hyper-inflation.  It is a hard course to steer (this metaphor is particularly apt because like steering a boat you can steer all you like but the sea and wind may take you in a different direction).  I suspect they will continue to take action that errs on the side of inflation.  If that is wrong (they steer a middle course and are blown off course toward deflation) gold is the absolute wrong place to be.  

I am betting on inflation.  If things go toward deflation I suspect it will be better to own guns...

Santelli: Libor, Rigging Rates & the Law

Father of the Tea Party speaks.  I wish this guy would run for office.

Santelli: Libor, Rigging Rates & the Law

Austrian school goes on the offensive

Fantastic!!! http://www.zerohedge.com/news/ultimate-krugman-take-down

Restraining Arizona, Unleashing the President by Andrew P. Napolitano

Our president is headed down the path of Hitler.  FDR and Nixon took this path.  Will we stop Obama?  Or, hope Providence will arrest his progress?






Shortly after the opinion came down, the Obama administration announced that it will cease providing Arizona police with the immigration status of persons in that state, and it will not detain anyone arrested by Arizona police for immigration violations unless those violations rise to the level of a felony, which undocumented presence in the U.S. is not. Thus, this constitutional rebuke to Arizona has become a personal license for the president. He now has demonstrated that he will not faithfully enforce federal law as the Constitution requires. He will only enforce the laws he agrees with.


Restraining Arizona, Unleashing the President by Andrew P. Napolitano

Obamacare and “Commerce:” Does A Include Not-A? – Tenth Amendment Center

A philosophical argument for a limited power actually being a limited power.


Obamacare and “Commerce:” Does A Include Not-A? – Tenth Amendment Center

Tinkerbell is Dead?

Fantastic article.

Tinker Bell Economics in Europe by Gary North

Citi’s Buiter: Time for 'Helicopter Money Drops' - US Business News - CNBC

I am truly speechless...


Citi’s Buiter: Time for 'Helicopter Money Drops' - US  Business News - CNBC