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Tag: bailout

THE INTERNATIONAL MONETARY FUND (IMF) FOR DUMMIES

IMF Governance This article is a compilation of information from the IMF website. I would appreciate all input anyone has relating to the use of American taxpayers’ dollars that ago to the IMF, particularly when the US is essentially bankrupt. Many such articles could be written on each and everything mentioned. I am personally opposed […]

Refuting “Economic Suicide”

Tuesday, September 1, 2009 Refuting “Economic Suicide” Inflation is always and everywhere a monetary phenomenon. These are the words of Milton Friedman in A Monetary History of the United States. The meaning of those words is that no matter what, inflation is a function of the amount of money available. Inflation occurs when more money […]

It Was All Legal

Ever wondered why there aren’t more “criminals” in this whole mortgage mess? Why there aren’t more mortgage broker perp walks? After all, they were predatory lenders, right? And where are the World-wide manhunts for the Wall Street Bankers escaping extradition? What they did to Iceland was against the law… right? Right? For those who want […]

The Importance of Failure

Failure is no fun, but it does teach essential lessons. We shouldn’t miss out on those lessons simply because we think we can afford to bail people out. Instead of trying to abolish failure via bailouts, we should let markets work, let failure run its course, and be so much the wiser for it. …There’s […]

The Goal Is Freedom: Theory and Crisis

This webpage is copied in full from fee.org.  It is a fine expression which applies to the economic collapse of today. October 10, 2008 by Sheldon Richman Sheldon Richman is the editor of The Freeman and “In brief,” and a contributor to The Concise Encyclopedia of Economics. TGIF appears Fridays. Comments welcome. What might be […]

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