Nathan Lane to be nominated to supreme court?

Is it just me or does this pic of Elena Kagan remind you of Nathan Lane in The Birdcage?

Need to fight inflation? Central Banks to the rescue!!

 

This post by Matthew Yglesias would have me laughing my ass off it it weren’t for the fact that six months ago I wouldn’t have know better myself.

I’ve witnessed a prominent European central banker state, live and in person albeit off the record, that the purpose of central bank independence is to allow him to “fight inflation, regardless of the human cost.”

Matthew, like myself less than a year ago, has no clue what inflation is, and why it exists.  Let me lay it out for you, Matthew:  A Central Bank is only there to inflate.  He is there to make it happen with as little detection as possible.  He want you to think that inflation is a natural phenomenon, and that he’s there to keep it in check – disinformation to keep you and others arguing about everything else.

Our Central Bank – The Federal Reserve “System” – was created by bankers so that they could all inflate (loan money long term with “borrowed” demand deposit funds) at a consistent rate, without risk of a bank-run.  It also creates new money so that the banks don’t run out of reserves onto which they can inflate further.

“albeit off the record”

As if there’s so much pro-inflation pressure from the public!  It’s like the drug cartel saying that their job is to fight drug addiction “regardless of the human cost”.  Same as the drug dealer, he’s there to push as much inflation as possible without getting caught.  His independence is a ruse – he’s not owned by the public, or a benevolent bunch of do-gooders, he’s owned by the frickin banks!  He’s there to inflate the shit out of the money – it’s the way the banks make their money, risk free!

Take the red pill, as I have, and all of this will be clear.   Read this book, or download it from iTunes – it’s free.  Learn how money originated, how paper money was first used, and how fractional reserve banking is immoral and should be illegal.  Learn how bank runs are a natural reaction to people who steal your money, and how the central bank is also a means to protect the thieves from us!  Learn how the the central banks partner, big government, get’s its share.

Smashing Myths and Restoring Sound Money

Thomas E. Woods is my absolute favorite economic / historian speaker.  I’ve read his book Meltdown, and listened to at least 15 hours of his speeches / lectures, and am convinced he is one of the most compelling speakers of our time.  I predict that his work will be renowned far into the future, and I am encouraging my kids to listen him also (believe it or not, they are interested in this kind of stuff!).  This is one of my favorite speeches of his:

Spray-on liquid glass

This article about Spray-on liquid glass written by Lin Edwards is exciting enough – if true, this product will be more revolutionary than most anything in my lifetime – on the level of the microware oven…  but I was struck by one statement in the article towards the end that seemed to indicate that Lin has absolutely no experience in the business world:

Liquid glass spray is perhaps the most important nanotechnology product to emerge to date. It will be available in DIY stores in Britain soon, with prices starting at around £5 ($8 US). Other outlets, such as many supermarkets, may be unwilling to stock the products because they make enormous profits from cleaning products that need to be replaced regularly, and liquid glass would make virtually all of them obsolete.

What the hell does Lin know about the profitability of cleaning products?  If it is commonly known that selling cleaning products is enormously profitable, why wouldn’t the same DIY stores be selling them and also reluctant to sell the liquid glass?  Why are the DIY stores so stupid?  And also, wouldn’t an enterprising supermarket try to attract customers from another supermarket with lower cleaning product prices?

And why would supermarkets not compete with the DIY stores, if their customers were refusing to buy their cleaning products in favor of the DIY store’s “monopoly” of the liquid glass.

Finally, consumers are going to consume approximately the same amount, in the aggregate.  Why would supermarkets care if you spend your hard earned cash on cleaning products, or on liquid glass?  All they care about is making sure they have what the consumer wants, at prices that attract the most consumers.

It appears that Lin doesn’t believe in free markets, nor does she understand the concept of voluntary free exchange.