Interesting Quote About Banking

Who said this?: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks

Regaining Economic Prosperity

Leonard and I spent a couple of hours at the Air Force Museum on Saturday, concentrating our visit on exhibits associated with the aerospace industry from 1900 to 1920.   We discussed how the Wright brothers depended upon the work of

Economic Intervention

This article in the Wall Street Journal from famed econmist Arthur Laffer, sums it up best: “Giving more money to people when they fail and taking more money away from people when they work doesn’t increase work. And the stock market

Economist’s View of Current Crisis

An interesting story in the Wall Street Journal about economist Anna Schwartz. She was Milton Friedman’s coauthor on their classic work, “A Monetary History of the United States”, and she has some interesting comments on the recent financial crisis: Credit