Wednesday, September 30, 2009
Tuesday, September 29, 2009
Monday, September 28, 2009
Sunday, September 27, 2009
Thursday, September 24, 2009
The Road Ahead for the Fed, multiple authors.
Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis, by John B. Taylor.
The Case Against the Fed, by Murray Rothbard.
Partly read/in progress:
After the Fall: Saving Capitalism from Wall Street and Washington, by Nicole Gelinas.
Golden Fetters: The Gold Standard and the Great Depression, 1919-1939, by Barry Eichengreen.
Will read sometime soon:
In Fed We Trust: Ben Bernanke's War on the Great Panic, by David Wessel.
This Time is Different: Eight Centuries of Financial Folly, by Carmen N. Reinhart & Kenneth S. Rogoff.
A few thoughts: Eichengreen should be read by anyone who thinks we need the gold standard back, and has much to say on different types of gold standards. Rothbard presents much the same view as Ron Paul's End the Fed (about which readers may already know what I think) but, interestingly (and unlike Paul), ends with insistence on a gold-coin standard, seemingly in recognition that any kind of paper or electronic money merely backed by gold retains a credibility problem. Which leaves me to wonder how a modern economy could run on coins.
Wednesday, September 23, 2009
Tuesday, September 22, 2009
On the other hand, at least the movie didn't accuse Nigerians of having government censorship.
"Why do they want to denigrate Nigerians as criminals, cannibals and prostitutes who sleep with extra-terrestrial animals?" said Dora Akunyili, information minister. "We've had enough with the stereotypes they have branded us with ... we are not going to sit back and allow people to stigmatize us."
The movie will not be shown in Nigeria unless Sony apologizes and edits out any references to the country, she said.
Monday, September 21, 2009
Sunday, September 20, 2009
I disagree with your father on a few things, but I will tell you that I am becoming more and more libertarian on things like defense. I have always been a guy who believes in fight big, fight hard, and then come home. But I have also believed in a big footprint of the United States, because somebody's got to hold this thing together. That was a mistaken belief of mine. I have grown past that and I'm growing past it quickly. For instance, Germany, protect your own self. I could see us pulling everybody back. I'd like to see putting people who are currently serving in Germany on the border. But what do I know? ...Notwithstanding some vagueness, it does suggest a Beck-Paul affinity on foreign policy. Also, Beck's question at the end is spot-on.
Saturday, September 19, 2009
Huckabee won the straw poll Saturday, grabbing nearly 29 percent of the vote. Romney, Pawlenty, Palin and Pence each won roughly 12 percent of the 597 votes cast.
Just four of the eight prospective GOP standard-bearers spoke at the three-day conference: Romney, Pence, Huckabee, and Pawlenty. Texas Gov. Rick Perry, who will speak later Saturday, earlier asked that his name be removed from the straw poll ballot.
Despite the makeup of the crowd, Romney's speech was relatively light on social issues, focusing instead on economic and security policy.
Thursday, September 17, 2009
I think our country is in a great struggle, and it’s something that Paul wrote about frequently. Paul wrote about a world where there was paganism. That’s where we are. A number of people with great social prestige think that paganism is a reasonable way of life. They like to think that they’re unique, but they’re not.Now let's turn to the Merriam Webster online dictionary:
So, let's be clear -- Paul was talking about pagans of definition 1 (who were often quite devout followers of their own religions); Gingrich is talking about the pagans of definition 2; and the neo-pagans of definition 3 are a rather small part of the current-day population. It seems that Gingrich is trying to capitalize on this ambiguity -- to stoke anxieties of current-day Christian conservatives that they are being persecuted by the government, as the early Christians were in pagan (definition 1) Rome.
Main Entry: pa·gan
Etymology: Middle English, from Late Latin paganus, from Latin, civilian, country dweller, from pagus country district; akin to Latin pangere to fix —more at pact Date: 14th century
1 : heathen 1; especially : a follower of a polytheistic religion (as in ancient Rome)
2 : one who has little or no religion and who delights in sensual pleasures and material goods : an irreligious or hedonistic person
3 : neo-pagan
If Gingrich wants to denounce people for being hedonistic or irreligious, let him do so. I don't generally share his concerns, but at least I'll respect his terminology. But using "paganism" as an expansive and slippery term of abuse (as I suggested in comments on my earlier post) is not in keeping with the classical heritage that inspired the American founding fathers. And considering that Gingrich has a PhD in history, he should (and does) know better.
Scientists have discovered the first confirmed Earthlike planet outside our solar system, they announced Wednesday.
"This is the first confirmed rocky planet in another system," astronomer Artie Hatzes told CNN, contrasting the solid planet with gaseous ones like Jupiter and Saturn.
Me: And maybe there's a transitional zone between the two sides. Who knows what might be found there?
But "Earthlike" is a relative term.
The planet's composition may be similar to that of Earth, but its environment is more like a vision of hell, the project's lead astronomer said.
It is so close to the star it orbits "that the place may well look like Dante's Inferno, with a probable temperature on its 'day face' above 3,600 degrees Fahrenheit (2,000 degrees Celsius) and minus-328 degrees Fahrenheit (minus 200 degrees Celsius) on
its night face," said Didier Queloz of Geneva Observatory in Switzerland, the project leader.
Hatzes, explaining that one side of the body is always facing the star and the other side always faces away, said the side "facing the sun is probably molten. The other side could actually have ice" if there is water on the planet.
Wednesday, September 16, 2009
Tuesday, September 15, 2009
Me: that would be former governor of Guam now.
Latimer said Bush liked Mitt Romney best and that he was "clearly not impressed with the McCain operation." Latimer said the former president wanted to appear with McCain at a campaign event in Phoenix, but after he was told the then-Republican nominee couldn't get enough people to show up, he called it a "cruel hoax."
"'He couldn't get 500 people? I could get that many people to turn out in Crawford.' He shook his head. 'This is a five-spiral crash, boys.'"
Bush presumed Hillary Clinton would be the Democratic nominee, according to Latimer, and was extremely critical of Barack Obama. Latimer said Bush was "ticked off" after one of Obama's speeches and he said the future president wasn't "remotely qualified" for the challenges of the job.
"(Bush) came in one day to rehearse a speech, fuming. 'This is a dangerous world,' he said for no apparent reason, 'and this cat isn't remotely qualified to handle it. This guy has no clue, I promise you,'" Latimer said.
Latimer also made the controversial assertion that after Sarah Palin was tapped as McCain's running mate, Bush reportedly asked whether she was "the governor of Guam" and said that she was "not even remotely prepared." A former Bush and Palin aide has challenged the accuracy of the charge.
Monday, September 14, 2009
Sunday, September 13, 2009
As for the claim that NM is "not accomplishing much" in trying to revamp conservatism, I would think conservatives of all people should be wary of counting out any motivated group trying to redirect a political party in a different ideological direction. Who would've thought the Goldwater campaign and people around it had accomplished much of anything, circa Nov. 3, 1964?
Thursday, September 10, 2009
One of the keys to space exploration's future is making it entertaining (and I don't say this as a complaint); clown shows in orbit, customer-operated rovers on the moon, it's all good.
The Canadian billionaire founder of Cirque du Soleil said on Thursday he would fly into space later this month to show a fairy tale dream can come true -- and would put on a show while there.
Guy Laliberte, 50, known worldwide for his innovative circus shows, said he was taking nine clown noses into orbit to bring the International Space Station's entire crew into another novel performance, to be webcast live on www.onedrop.org site on October 9.
UPDATE 9/11: Some more on private-sector space in the Economist: "Flying High."
…inflation occurs when, at a given price level, a country’s circulating media— cash and deposit currency—increase relatively to trade needs. (Emphasis in original.)Paul, by contrast, defines inflation as monetary expansion in absolute terms, and that's why it's a neologism -- it reflects neither the widely accepted modern definition (general increase in prices) nor the classical view.
—Edwin Walter Kemmerer (1918)
Wednesday, September 9, 2009
Tuesday, September 8, 2009
Sunday, September 6, 2009
Saturday, September 5, 2009
The plan that I am proposing today is, I believe, the very best way. Improvements can be made in it, of course....I'll be talking about health care reform history on the Gabe Wisdom Show on Tuesday, 9/8 at 7pm ET.
Friday, September 4, 2009
Thursday, September 3, 2009
Wednesday, September 2, 2009
Tuesday, September 1, 2009
Okay, so if you're to accept one of the 26 dimensions of the string theory being tossed around, perhaps one of those can be a flat universe, with 3rd dimension equaling time, instead of the 4th. Who knows, you may be correct in that universe. But, that's a hypothetical based on an unproven hypothetical theory. And, that's how much stock I put in your uninformed, misinformed denial of the FACT that the FED is private entity.