Additionally, I will say that recent macroeconomic developments have been easy to understand. People bought homes they couldn't afford with the blessing of government officials. This was encouraged by the likes of Fannie Mae and Freddie Mac, and a Federal Reserve in love with a cheap-credit policy. Now, it is all being made worse by increasing regulations, higher taxes, fiscal interventions, and unneeded bailouts."Economics Is … Easy." By Sterling T. Terrell, Ludwig von Mises Institute, 7/14/10.
Meanwhile, I will continue to repeat that all people will be made better off in the long run by lowering taxes, easing regulations, stopping fiscal-policy interventions, and not giving the state the power to print fiat money.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
July 14, 2010
Current Economic Dilemma 101.
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