Tuesday, August 25, 2009

Free kibbles

Since our economy hasn't completely collapsed yet, Obama re-nominates Bernanke as Fed chief to finish destroying it. Bernanke's career. Piling on, Obama puts union boss in charge of New York Fed Bank.

2003 essay criticizes the renomination of Greenspan while warning that once Greenspan's gone, a worse Bernanke might assume power. Yet another remarkably accurate prediction from the Austrian School. Also, Bloomberg won it's FOIA case against the Fed. That's going to be interesting.

Inflation, inflation, inflation.

Iranian government puts reformers on trial.

The Montgomery County jobless rate hit 12.5 percent while Dayton's remained at 13.7 percent. No wonder people are fleeing this area like rats leaving a sinking ship. The solution is to dramatically reduce the burden of government.

I don't want the FCC enforcing net neutrality. I want the market to determine who gets what bandwidth. Once again the problem is states limit competition, as they do with medical insurance.

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