Daily Archive: Monday, January 7, 2013

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. As they say in Church, it’s another mysteriously rushed contradiction wrapped in ...Read More

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. “This was a compromise between competing views from around the world,” Bank of England Governor Mervyn King said at a briefing following ...Read More