The Dirty Fed makes strange bedfellows.
Right-wing libertarian Karl Denninger hates Ron Paul's proposal to evaporate the Treasury debt held by the Fed. Left-wing bankster-hater Yves Smith likes the idea.
UCSD's Jim Hamilton presents a fair and balanced view at Econbrowser, along with operational details and what it might mean for bank reserves and inflation.
Me? I'm all for it. Let's get the inevitable default/devaluation over with, abolish the Dirty Fed, and start over with sound money and responsible fiscal policy.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...