Charting Stocks

“This is a problem with which Keynes was familiar: giving money away, he pointed out, tends to be met with fewer objections than plans for public investment “which, because they are not wholly wasteful, tend to be judged on strict ‘business’ principles.” What gets lost in such discussions is the key argument for economic stimulus [...]

“The Federal Reserve banks, while not part of the government,…”
United States budget for 1991 and 1992 part 7, page 10
“The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.”
- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
“From now on, depressions will be scientifically created.” [...]

The latest from US congressman Ron Paul
“This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session. I have always opposed government bailouts of private organizations. Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types [...]

With newfound bailout money in their wallets, big banks have been rushing to gobble up smaller ones. At the center of these mergers is the Treasury Department, led by Goldman Sachs alums Henry Paulson and Neel Kashkari. While neglecting struggling homeowners they have created major incentives for widespread bank consolidation, which could lead to a [...]