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  1. Federal Reserve advised gold standard for Russia

    Quote Originally Posted by jmdrake View Post
    I ran across this information by accident (providence?) while looking for something else. The first link is an essay from Jude Wanniski who went with fed governor Wayne Angell to Moscow right after the collapse of the soviet union. Note that Angell advocated the new Russia to go to a gold backed currency! The second link is an online Google book from the Mises institute that talks about the same essay. I've excerpted the essay bellow. (It's too long to post directly). It's interesting to note
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  2. Attention Delegates to the Iowa Platform Committee

    Quote Originally Posted by jabowery View Post
    The county currency plank has progressed from my precinct, through the county convention and has now been adopted by the third congressional district of the Iowa Republican Party. In each speech I gave for the plank I defined "county currency" as "a currency issued by a county government that it accepts in payment of taxes".

    I'm on the State level platform committee and I expect there to be quite a fight because if it makes it into the State platform for the Republican
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  3. "Ron Paul's Plans are Too Extreme"

    An argument I encounter time and again is that Ron Paul’s fiscal plan is just too extreme to accept. To those who subscribe to such a notion I offer the burden of knowledge, because without question you don’t understand the urgency of the matter. Not unlike the frog who boils himself to death when the water in the pot is gradually brought to a boil. We have long been blind to the subtle changes around us which, like the frog, will ensure our own doom. Economically, we are nearing the boiling point; ...
  4. When a politician mentions price controls run for the hills.

    It is important that the level of economic understanding in this country is sufficient to overcome the upcoming onslaught of wrongheaded ideas which are doubtlessly coming down the pipe. Recently a politician in South Carolina proposed capping the price at which gasoline could be sold. This was done under the guise of protecting the cash strapped consumer who simply couldn’t afford the higher prices.

    That this politician reveals his economic ignorance in such a pronouncement is the ...
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  5. How the Fed has painted itself in a corner

    The federal reserve is not the friend of anyone in these parts, although these days they have painted themselves in quite a corner. Many people don't find the large surplus of excess reserves and federal reserves injection of trillions of dollars into these reserves at all all concerning. While you may not be seeing large price increases in the short term, those reserves are like a car revving it's engine before it hits the gas before the light goes green, the color changes and off we go. To prevent ...