politics

Audit the Federal Reserve

No member of congress wants to be seen to oppose the audit – but such an audit is extremely unlikely, for no member of congress, with the possible exception of Ron Paul, wants the public to know what the Fed has been up to – still less do they want America’s creditors to know what the Fed has been up to.

economics

American debt

Thus the excess “private” debt is not private. The normal level of public and “private” debt is about twice GDP, say twenty six trillion, so we are about thirty trillion or so in the hole and getting deeper fast – well past the danger level of twice GDP.

economics

US turning french

It is getting steadily harder and harder for someone to find a new job – and having found a new job, harder and harder to afford a house – presumably because of the very great and rapidly increasing regulatory burden on building houses and hiring people. This renders employees powerless before their employers, which tends to result in class war and social violence as in France, and tends to result …

party politics

Murderer of Mary Jo Mary Jo Kopechne dies

After influencing and writing a vast amount of legislation, all of it as evil and repugnant as himself, Edward Kennedy died forty years after disposing of an inconvenient mistress. By accident or design, Kennedy’s car wound up upside down in the water, with Kennedy not in it, and his girlfriend in it. It retained an air bubble for a substantial period, which means that his girlfriend was alive for a …