Category Archives: Federal Reserve

Kill the Fed? – Then what?

By: Les Dunaway

The subject of the Federal Reserve has generated a lot of smoke, but little light. In my opinion, the Federal Reserve must be changed, a LOT.

However, it performs required functions not related to the creation of imaginary wealth which has caused such suffering. Those who shout “Kill the Fed!” with no understanding of or consideration for those functions and their absolute necessity make the rest … Read more...

I am SO OVER “austerity”!

By: Les Dunaway

The term austerity has been misused hundreds of times daily for months now! It annoyed me the first time, as calling a leg a tail always does.

If you call a tail a leg, how many legs has a dog? Five?
No, calling a tail a leg don't make it a leg.
Abraham Lincoln

It’s reached the point where I’ve got to talk about this latest foray … Read more...