Zipline Conservative

March 31, 2009

Back to Basics (like shoveling gravel, but has to be done)

brainwashed“The housing bubble could not have arisen without the Federal Reserve. Had people started buying houses at unusually high rates, banks’ loanable funds would have begun to deplete, interest rates would have shot up, and that would have been the end of it. That would have discouraged any additional speculation in real estate. But Alan Greenspan and the Fed could create money out of thin air, thus giving the banks more to lend and driving interest rates down, thereby perpetuating the destructive bubble in housing.”

“And, do I really need to type this? (OK. I guess I do, given what President Bush on steroids Obama is doing.) Economic progress comes from capital accumulation; not spending. Read Dr. George Reisman’s brilliant essay on that here.”

Building Blocks in the Possible Future Rebuilding of America. Will Americans grasp this and hold others accountable to it…to be honest, I have more often than not become side tracked away from these dry tuisms…and look where we are now. A few days ago, I remarked if any ‘conservatives’ were capable of setting forth the tenets of rebuilding a system that seems destined to melt or rot. The Paleo Blog often has ice cold, splash your face with reality nuggets of clarity….you know what I am trying to say….  

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3 Comments »

  1. Yes, the Federal Reserve has been involved in every financial crisis since 1913. While the Federal Reserve behaves as a 4th branch of our government, there is no governing authority over them. http://tinyurl.com/djolkw

    Comment by Kellene — April 3, 2009 @ 6:31 AM | Reply

  2. rated site this zipline.wordpress.com terrific to see you have what I am actually looking for here and this this post is exactly what I am interested in. I shall be pleased to become a regular visitor 🙂

    Comment by Lypecomy — April 10, 2009 @ 4:26 PM | Reply

  3. great site this zipline.wordpress.com rated to see you have what I am actually looking for here and this this post is exactly what I am interested in. I shall be pleased to become a regular visitor 🙂

    Comment by Lypecomy — April 16, 2009 @ 9:29 AM | Reply


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