Thursday, November 26, 2009

Free kibbles

FEDERAL RESERVE:

Inflation as the cruelest tax of all.
"The zero-interest-rate policy of the Fed is sold to the public as a benign economic rescue in the public interest. The stark reality is that this policy is a disguised tax implemented by the Fed. It takes income from savers and hands it as a subsidy to borrowers. It also facilitates and funds the fiscal deficit policies of central government. Such a well disguised tax is a boon for governments. The cruelest tax of all is this 100 percent tax on interest income, disguised and rationalized as "good" policy."
Nice intro.

FOREIGN POLICY:

Tehran not cooperating with IAEA on investigation into whether or not Iran has a nuclear weapons program. Duh.

LOCAL:

The city of Dayton to take $100,000 from taxpayers by force and spend it trying to make Dayton a hub for aerospace. In other words, Dayton's central planners are going to use force to do $200,000 of damage to our economy, making us all poorer, to buy votes while pretending it will help our economy. The folly of central planning will never end until we end it. If you want to make Dayton an aerospace hub, quit taking money from us by force for central planning and abolish the income tax.

MISC:

Apdesignco.com and therefore lostpolitics still has an account problem.

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