There's this strange theory going around, that what makes Obama different from Bush is: what he chooses to spend all this money on is for social programs, rather than intense foreign policy. I have two problems with this issue:
1) the title says it all.
2) Obama is keeping Bush's foreign policy, just altering it slightly (moving occupation to the other side of the scale) PLUS spending more on social programs.
It's entirely a mess because we are repeating the past 8 years in spending, and only making it worse. I have this theory of a economic lag as well, where the market takes a few years to directly react, rather than instantly. I'm sure that Obama's mistakes with money will drive us further down below, but it will take time. This isn't good. I think if this federal reserve audit bill passes (H.R.1207 - Federal Reserve Transparency Act), people will notice the problem.
--Beneath this mask there is more than flesh. Beneath this mask there is an idea, and ideas are bulletproof.
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We really need to out the Federal Reserve. Let the bank runs happen.
Ludwig von Mises: "The valuation of the monetary unit depends not upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one." - The Theory of Money and Credit
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