Posts Tagged: Banks

TrainWreck

Those who don’t learn from history are bound to repeat it… Barack Obama pushes sub-prime mortgages… again!

By 18 Comments 698 views

There’s something macabre about an imminent train wreck, you know exactly what is coming but you can’t help but watching. Now imagine that instead of watching that train wreck from atop a building a safe distance away, you’re standing right between the train and the tanker truck that has stalled on the tracks. That’s a… Read more »

pete stark

Failing Upward [Reader Post]

By 4 Comments 380 views

A few weeks ago Cafe Hayek published a letter that cofounder Don Boudreaux had sent to NPR in response to an interview with outgoing Congressman Pete Stark: Here’s a letter to NPR reporter Julie Rovner: Ms. Julie Rovner Morning Edition National Public Radio Dear Ms. Rovner: In your interview yesterday with outgoing U.S. Congressman Pete… Read more »

The Fed

The FED and Indentured Citizens

By 33 Comments 514 views

In 1913 Congress abdicated its Constitutional responsibility over currency on behalf of the people when it created the monster called The Federal Reserve System. In creating a private joint stock entity, Congress not only surrendered jurisdiction over the dollar, it also relinquished control, oversight, and authority over the institution intended to manage the citizens’ currency. Decisions… Read more »