We Don't Have A Desperate

Had Drugs Been Decriminalized, Crack Would Never Have Been Invented And There Would Today Be Fewer Addicts... The Ghettos Would Not Be Drug-and-crime-infested No-man's Lands... Colombia, Bolivia And Peru Would Not Be Suffering From Narco-terror, And We Would Not Be Distorting Our Foreign Policy Because Of It.

There's Only One Thing That All Of The Central Banks Control And That Is The Base, Their Own Liability, And They Can Control That In Various Ways. They Can Control It Directly By Open Market Operations, Buying And Selling Government Securities Or Other Assets, For Example, Buying And Selling Gold, Or They Can Control It Indirectly By Altering The Rate At Which Banks Lend To One Another.

Theories Can Be Based On Any Assumptions, However Bizarre.

The Euro Is Good For Europe. But Only If There Is Flexibility All Around.

One Man's Opportunism Is Another Man's Statesmanship.