Maggie's Farm

I'd like to read more about:
Bastiat and his views with regard to current trends in government financing (particularly CfC, which is a perfect example of the "fallacy of the broken window")

How the Fed is hoodwinking us with its reflationary policies. It's evident they wish to cause inflation to devalue debt. But the reality is inflation imparts more damage on the poor than the wealthy, but deflation offers more value to the poor than the wealthy - it's the economy's way of recalibrating itself from the excess of a bubble. That's why the ruling elite tell us deflation is "more damaging" than inflation. Nothing is further from the truth.

Thanks Bruce. Actually, I have a Master's of Economics from (shudder...LOL) the New School for Social Research. I believe in learning what the enemy believes, and working from their views back.

Bastiat, interestingly, is accepted as genius by the left and the right. But is widely ignored by the left because he moves beyond "the basics" as they view them - which are defined by Marx.

Bastiat "set the rules" of economics as a worldly philosophy.

Along the lines of the Fed - try visiting Zero Hedge (if you don't already). Alot of the stuff there is, as you say, blank-eyed stuff. But there is MUCH that will get you interested in what is really going on at the Fed and the Treasury. It's become a game to achieve power for those at the top.

You do great work with the specifics - but few of us understand the specifics of the Fed. That it's a private, not public, institution. That it operates "above the law", outside the SEC. That it is opaque in its bookkeeping.

The Fed has become THE TOOL for Obama, and Obama knows it. Bernanke, sadly, has moved from policy maker to policy monkey - to keep his job, he is doing something he knows is dangerous.