This American Life: The secret recordings of Carmen Segarra This is the interview where Carmen Segarra, the lawyer who was hired by the Fed to oversee Goldman Sachs, reveals what she found. The interview confirms the criminal collusion between the Fed and those they're supposed to regulate. The audio of the interview is available at http://podcast.thisamericanlife.org/podcast/536.mp3. Worthy of thought and reflection.
Latest defect: SF Bay Bridge tower rods corroding The replacement of the eastern span of the SF-Oakland bay bridge has turned in to an expensive 'goat rodeo'. The $1 billion cost has become $6.4 billion with more dangerous defects constantly discovered. The latest news is that 95% of the tower rods that anchor the eastern span of the bridge are corroding.
Darryl Robert Schoon discusses the three stages of America: America version 1.0, created by the Founding Fathers. America version 1.2, the America of today and America version 1.3, the America of tomorrow. America version 1.2 is now collapsing and America version 1.3 will be a lot more like the original.
DRSCHOON.COM features the articles of Professor A. E. Fekete of the New Austrian School of Economics, a leading expert on gold and its role in financial markets and the economy.
The Wisdom of Adam Smith for Our Own Times
- A Rejoinder -
Let us celebrate the 291st birthday of the great Scottish economist together and let us rehabilitate his Real Bills Doctrine!
Richard Ebeling in the June 3rd issue of the Daily Bell under the same title contributed a much needed reminder of the relevance of Adam Smith's wisdom to our contemporary world. I am not going to speculate whether the omission of not mentioning Adam Smith's Real Bills Doctrine was accidental or deliberate. However, it is well known that post-Mises Austrian economists have taken a disdainful view of the Real Bills Doctrine and it would have been nice to have Ebeling's coherent articulation of their position. I can do no better than revisiting Adam Smith's great contribution to the theory of money and credit (which, significantly, received the nihil obstat of Carl Menger a hundred years later) for the benefit of the Daily Bell's readership. full article...