Daily Archives: January 7, 2013 @ 4:49 pm (Monday)

Greg Walden to introduce bill to stop U.S. Treasury from creating trillion dollar platinum coins

More of the blind leading the blind. Either way Treasury only spends what’s authorized by Congress. And all the coin does is shift interest expense from the Treasury to the Fed. Illogic is clearly a adaptive trait for holding office. … Continue reading

Posted in Government Spending, Treasury |

Comments from Mervyn King on LCR changes

Global banking rules make no sense at all to me. Each CB need only mind the banks its insures. But until that’s understood we have to suffer through this nonsense. ‚ÄúThis was a compromise between competing views from around the … Continue reading

Posted in CBs |