August 17, 2011
– Comments (1)
Force a balanced budget for the 17 member nations: excellent! (But good luck actually doing it. Every last one of them is already over the treaty-mandated 3% deficits.)
Tax every financial transaction? What??? Absolutely not! That's what Wall St was no doubt unhappy about.
"Thrilled to speak" with Jim? Laurie just rose in my estimation.
He's right on about *how* interest rates are manipulated. Only by money printing. (Or downward by bond-selling.)
Capital punishment for debasing the currency! Yay!! Bring back the 1792 Act!
He's exactly right that those who get the new money first benefit and the whole economy is hurt on average.
I am a little surprised at where he is currently invested, though...