Too Big to Bail

A friend of mine sent me the following link the other day.

Shaffi Mather: A new way to fight corruption

I have quite honestly, found it to be the most inspiring thing I have seen on the internet for quite some time. Shaffi Mather, a former employee of Reliance industries, has gone on to found 1298 for [...]

Far from adding cozily to the private sector, the public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy.

- Murray N. Rothbard, The Fallacy of the “Public Sector”

Hit the link to read the full essay here

The drama of the PIIGS’ debt crisis continues to unfold, as some say it foreshadows what will happen to the US eventually. History is replete with countries that experienced economic crises which turned into fiscal crises. It appears that we may be in the beginning stages of this cycle.

Check out the great post from bearishnews.com [...]

Consider this fantastic summary of “The Fed as Giant Counterfeiter” by Robert Murphy:

Ah, but we’re not done yet. Not only does the Fed’s accumulation of Treasury debt artificially push down the interest rate, but the Fed gives the interest payments right back to the Treasury! After all, interest is how the Fed [...]