"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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Rising Gasoline Price- Don't Worry - Fed Chairman assures us it is only "relatively modest"
March 19, 2009 - Bernanke turns on the printing press: John Kemp
ReplyDelete"The Fed has created a strong incentive for investors to increase exposure to physical commodities and commodity futures as a way to profit from the reflation play. Prices for gold, crude oil and copper have all risen sharply in the 24 hours since the Fed announcement, as the market anticipates a more reflationary environment over the next 2-3 years."
Link: http://www.reuters.com/article/2009/03/19/columns-us-column-bernanke-idINTRE52I4MD20090319?pageNumber=2
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