"Demagogue: One who preaches doctrines he knows to be untrue to men he knows to be idiots." - Mencken

Alternative Currency: Now a Crime?

A montage of Liberty Dollars, which may have been the most successful of all U.S. alternative currencies to date. Despite repeated Treasury assurances that their efforts were perfectly legal, the creators of this truly honest metal-backed money found themselves under arrest.

by Kevin Alfred Strom

I’VE MENTIONED ALTERNATIVE currencies — usually private efforts to [...]

"There is nothing so powerful as truth, and often nothing so strange." - Daniel Webster

How to make money, literally

HOW TO MAKE MONEY, LITERALLY: The Dreamhost blog has an amusing and easy-to-understand explanation of how commercial banks create money out of thin air. You must understand this to understand our current economic woes.

"Our only safe rule in politics... was always to believe that the worst would be done. Then we were not deceived." - Ralph Waldo Emerson

Fed reduces rate to 1%

FEDERAL RESERVE KEY RATE NOW 1%: As the BBC says, this means the Fed is now “running out of rates” to boost the economy; of course, they could always go to negative interest rates and toss pre-approved loan applications out of airplanes. Maybe they should take my suggestion: make Monopoly money legal tender — [...]