Under The Gold Standard America

But Where Will The Fed Find Another Bubble?

Social Security Is A Social Insurance Program - It Is Not Designed To Be The Same Thing As A 401(k).

The Federal Government Is Basically An Insurance Company With An Army.

Whenever You See Some Business Person Quoted Complaining About How He Or She Can't Find Workers With The Necessary Skills, Ask What Wage They're Offering. Almost Always It Turns Out What Said Business Person Really Wants Is Highly (and Expensively) Educated Workers At A Manual-labor Wage. No Wonder They Come Up Short.

I've Always Believed That A Speculative Bubble Need Not Lead To A Recession, As Long As Interest Rates Are Cut Quickly Enough To Stimulate Alternative Investments. But I Had To Face The Fact That Speculative Bubbles Usually Are Followed By Recessions. My Excuse Has Been That This Was Because The Policy Makers Moved Too Slowly - That Central Banks Were Typically Too Slow To Cut Interest Rates In The Face Of A Burst Bubble, Giving The Downturn Time To Build Up A Lot Of Momentum.