Deflation

The End of Big Money's Legitimacy

No.: 
28

“The Star-Spangled Banner” became the national anthem on March 3, 1931, when the Congress and President Hoover formally recognized the anthem. In the midst of the Great Depression, a song about the flag flying proudly in the land of ‘the free and the brave’ gave encouragement. While the Stars and Stripes are still aloft, our nation’s financial impropriety now drags the flag through the dirt. Our U.S. Congress will continue to make laws but the destiny of the country is no longer theirs to command. We have passed the tipping point.

The Forgotten Beneficial Forms Of Deflation

No.: 
26

The vice chairman of the FED, Donald Kohn, vowed recently at the Cato Institute to be vigilant in checking any drift toward deflation. Should we feel appreciative or dismayed? Truth be known, this vow is infected by the same sort of elitist thinking that justifies morally hazardous bailouts of highly leveraged financial institutions.

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