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Tuesday, 27 March 2012
ART CASHIN: We Now Know The True Motive Behind The Bernanke Lectures
Some slide presentations.
Bernanke is right that a return to the gold standard would be foolish. What he doesn't show is some of the wisdom about realistic alternatives, such as a modest but continuous growth in the money supply base. Or, possibly a managed growth in the monetary base.
What frustrates me about the Fed's position is that it talks about inflation being the great evil, but did not manage house inflation as part of that equation. This demonstrates a very partial understanding of very basic economic principles to say the least. Housing now is a wasted industry that should have been more carefully monitored by the Fed.
I hate the rotten stupid sounding excuses coming out of Bernanke's mouth. Retake economics 100 if you must, but get it right, I beg of you!
Dominique Strauss-Kahn Charged With Connection To French Prostitute Ring
One has to wonder what all the fuss is about for such a highly respected Frenchman to be charged with being in the presence of prostitutes. In Ontario, our provincial appeal courts we have just questioned the legality of prostitution law. I don't personally use prostitutes, but as was said by the famous "Christian philosopher," Christ, do unto others as you would wish them to do unto you and be aware of your own failings before judging others too harshly!