Sunday, April 24, 2011

The Fed's Love Affair with Debt. Is There an Answer?

I'm adding a new blog to the list, Market Skeptics.  There are plenty of interesting posts there by Eric deCarbonnel and he seems to know what he's talking about.  One in particular, *****FRAUD: Federal Reserve Is Selling Put Options On Treasury Bonds To Drive Down Yields*****, is extremely intriguing.

Ron Paul has been forever critical of the Fed's fast and loose monetary policies to help Congress to continue to spend bucks like a drunken sailor on shore leave, but I say that with all due respect to sailors for their many monotonous days at sea protecting our country, at least they deserve to let their hair down now and then, not so Congress.  He raised the warning, long before it was cool.

Professor Jacobson over at Le·gal In·sur·rec·tion now writes about Sarah Palin's similar criticism of the Fed's policies and the left's attacks on her.  She's starting to get it, but how much does she really get?

Ron Paul says the founding of the Tea Party was encouraging and there is still a healthy element within the movement, but he is also critical of the fact that conventional candidates moved in and that many are not attuned to the full picture of the budgetary battles in terms of the revolution for freedom by defining just what the role of government should be.  You can see what he's talking about in this list of videos where he answers questions from C-SPAN callers.  No one says it better.

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