Latest on twitter:
The Atomic Bomb that is About to Explode at the Federal Reserve
If the courts stepped in and decided these interest payments were illegal, that would certainly be a whole lotta money flying out of the Federal Reserve at once. I’m not sold on the logic that this would necessarily lead to hyperinflation. The money might fly right back into the Federal Reserve as Treasury Bills, especially if they bumped interest rates a bit. Still, an interesting story that isn’t getting coverage in the MSM.
(via Tommy Humphreys)
My friend Tommy has been crushing it covering the financial sector. Check out his interview with uber-libertarian Doug Casey. My favourite part is his hypothetical first day in office as the US President: abolish the federal reserve, disband 80% of the Army and the entire CIA & NSA, and default on the debt.
"I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection."
Holy Crap (via latoyaegwuekwe)
Unemployment by county over the last 3 years.
"If developers were allowed to face directly the high land costs of providing so much parking, the number of spaces would be a result of a careful economic calculation rather than a matter of satisfying a legal requirement. Parking would be scarcer, and more likely to have a price — or a higher one than it does now — and people would be more careful about when and where they drove."
Economic View - Why Free Parking Comes at a Price - NYTimes.com
"Singapore, I think, has the closest thing to the sort of system Hayek had in mind. Among wealthy countries, it spends the smallest percentage of GDP on health care, and it gets about the best results. You know what that’s called? Efficiency. How do you get it? Competitive markets with freely moving prices under the rule of law! It’s the sort of thing you’re in favor of if you want everybody to have access to really good health care and money to spend on things other than health care."
So Hayek Basically Had Ezra Klein’s Views on Health Care, Right? (via jimdew) (via continuum)
Great article on free markets, libertarianism, and how it is possible for governments to take care of all their constituents without completely screwing up the market for healthcare.
The change in ECRI’s Weekly Leading Index is close to levels they claim reliably predicts a recession.
"How could we have gone back to business as usual and petty political gridlocks with all those black swans circling around us? Then we will really kick ourselves."
