Government regulation of banks resulted in larger disasters
Since the creation of the modern banking regulatory apparatus the losses, as a percentage of GDP, have grown from 1% in 1913 to 7% in 2009. The safer the government tried to make banking the greater the risks people and businesses took. This resulted in larger failures and losses. “It is scarcely to be expected…that […]
Safeguard your wallet… President Biden says the banking system is safe.
I would feel better if he would have never given a speech. In hindsight the collapse of SVB is simple. They were under water in government treasuries. When the Fed raised interest rates the bonds they held became worth less than the amount they could sell them. They didn’t have the liquidity to handle the […]
Inflation in reality explained
Creating $5 trillion out of thin air devalues your money. It’s as easy to understand as a diluted glass of tea. The Federal Reserve financed $5 trillion of debt by printing money. This resulted in a dilution of the value of money, causing inflation. Printing money out of thin air is poison to an economy. […]
Can this be the final word on wearing fucking masks to prevent the spread of infection by a respiratory virus in uncontrolled environments?
The answer to the question is no because idiots run the world. The CDC’s director, Rochelle Walensky, remains determined to ignore the best research on masks, as she made clear in a congressional hearing earlier this month. “Our masking guidance doesn’t really change with time,” she said, when asked how the new review from Cochrane would affect […]
President Biden admits U.S. didn’t know what they were shooting at
To be perfectly clear, President Biden gave an order to shoot at something the U.S. Military could not identify. They had no idea what they are shooting at. This violates basic firearm training. I’m assuming it also violates rules of engagement. He just wasted millions of your taxpayer dollars to shoot down likely research balloons. […]
DeSantis plays small-ball racking up hit after hit
In general, I’m against faux “bill of rights” legislation. These things tend to grant rights rather than protect rights we already have. You know… like the original Bill of Rights in the U.S. Constitution. But, on a political level this is going to score points. This type of politics can beat opponents by scoring a […]