U.S. issues $7 trillion debt, supply to stabilize

The uneven economic recovery

Both sides skeptical as Baucus revises health care bill

Passing a Shell of A Bill: Congress’ Secret Plan to Ram Through Health Care Reform

Steven Chu: Americans Are Like ‘Teenage Kids’ When It Comes to Energy

Misleading Medicaid Claims From Senate Finance

Read the Bill! What Bill?

CBO: Obamacare Cuts Your Medicare Benefits

Federal Fire Grants Fail

Panel of Experts See No Economic Stimulus from Cap and Trade

Morning Bell: The Futility of Cap and Trade

Budget chief contradicts president on Medicare costs

Palin slams Obama’s spending in debut Asian speech

Outrage Over ‘Federal Gag Order’

SurvivalBlog:

Three tales of inflation

Retraining roulette: New skills, no new job

Bullish Today, Marc Faber is “Highly Confident” the Future Will Be Very Bleak

Weiss: From Deflation to Inflation.

World Stocks Lower as Investors Eye Fed Meeting

Oil Falls Below $71 Amid Weak Demand

House Moves to Extend Unemployment Benefits

IRS Extends Amnesty Program for Tax Cheats

Major Funds Prepare for Run on Money Markets

HSBC Bids Farewell to Dollar Supremacy

Ron Paul: End the Fed, Save the Dollar

Wells Fargo’s Ticking Time Bomb: Credit Default Swaps on Commercial Mortgages

Hawaii Businesses to be Hit with Soaring Unemployment Taxes

California, Nevada Reach Record Unemployment Records

Americans Won’t Be Rushing to Put Out the Blaze Next Time Wall Street Burns

How to Prepare for China’s Coming Derivative Default (Graham Summers)

The Housing Tsunami’s Second Wave

Jim’s Quote of the Day:

“This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict their purchases and concomitantly increase their cash holdings. As long as such ideas are still held by public opinion, it is not yet too late for the government to abandon its inflationary policy.

But then, finally, the masses wake up. They become suddenly aware of the fact that inflation is a deliberate policy and will go on endlessly. A breakdown occurs. The crack-up boom appears. Everybody is anxious to swap his money against ‘real’ goods, no matter whether he needs them or not, no matter how much money he has to pay for them. Within a very short time, within a few weeks or even days, the things which were used as money are no longer used as media of exchange. They become scrap paper. Nobody wants to give away anything against them.

It was this that happened with the Continental currency in America in 1781, with the French mandats territoriaux in 1796, and with the German mark in 1923. It will happen again whenever the same conditions appear. If a thing has to be used as a medium of exchange, public opinion must not believe that the quantity of this thing will increase beyond all bounds. Inflation is a policy that cannot last.” – Ludwig von Mises

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Faves
  • Live
  • MySpace
  • Netvibes
  • NewsVine
  • SphereIt
  • StumbleUpon
  • Technorati
  • TwitThis
  • Wikio
  • YahooMyWeb