Category: Currency Currents

Bailout fatigue! Gold anyone?

I don’t know about you, but I’m becoming bailout fatigued. I’m to the point where I want all talking and commenting on the bailout to end. Sure there are all kinds of technical/logistical considerations. Sure it all is extremely important. Sure it is a jobs program to help take the neo-Keynesians off the dole (read funneling that stuff at our “institutions of higher learning”).

But as John Ross summed up in his missive yesterday; it comes down to either a belief and respect for the invisible hand of the market (private property rights which is the cornerstone of liberty), through the magic of its pricing system most efficiently allocating private capital investment to create real wealth and sustain a vibrant job market.

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