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.
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...
This is just pathetic. WSJ : Gold is, in fact, a poor hedge against inflation. Accounting for changes in the cost of living, gold has re...