Krugman’s Ideas on Deflation & Why He’s Really not a Knucklehead

"Far be it for me to argue economics with Paul Krugman. The man is extremely well-credentialed and has been published widely. Even if I don’t see eye to eye with him I don’t think he’s a knucklehead like many libertarians assert. Moreover, once we’re working inside of monopoly capitalism like we are now he very well may be right about how to manage its wackiness and the imperative of doing so. After all, the Keynesian foundational position is one which acknowledges the inherent instability of state capitalism as it needs the state’s anti-market power to substantially interfere in order to keep the system afloat.
The Austrian or libertarian position we hold though isn’t purely about the follies of central planning or maintaining state capitalism but also the injustice of doing so. We aren’t as concerned with how to keep state capitalism/corporatism afloat because its existence is an insult to a free people. We should be able to legally choose our own tender without threat of punishment for which currency we peacefully use. This true federation and competition between monies would go very far in protecting us from the volatility of the currency market, meddlesome bureaucrats and political whim."

Read the rest of the article at
Silver Underground.

Ross Kenyon,
Assistant Editor, THL
Articles | Author's Page

Barack Obama Tattoos

With Barack Obama's approval ratings still at a solid 62%, I became suddenly curious to know how popular the 44th U.S. President really is. Are people so enamoured with President Obama that I could do a quick Google search and turn up some photos of people with permanent tattoos of Obama inked into their very skin? Oh yeah. It's that bad. Below are ten examples of Barack Obama tattoos (some decent, some pretty awful). PS: As a control, I decided to Google "bush tattoos." I found only two examples in the first couple pages, and they were decidedly anti-Bush. I also learned to never, ever Google "bush tattoos" again. Seriously. Don't. There are some gross tattoos out there. In the interests of full disclosure, I must admit that I am not a fan of President Obama . But I've got to say that the tattoos above aren't nearly as bad as this: Editor's note: The pictures are linked to their respective sources. To view the source pages, simply click

Legal Marijuana On The Michigan Ballot for 2018

A Michigan ballot initiative to legalize recreational marijuana received enough valid signatures to qualify for a vote in November. When the required number of ballot signatures was certified by the State Board of Canvassers, the 4-0 decision of the board was met by cheers from supporters of the initiative who were present, the Detroit Free Press reports . Rick Thompson, a board member of the Michigan National Organization for the Reform of Marijuana Laws (NORML), put this ballot initiative in perspective as a matter of the State of Michigan safeguarding its own sovereignty and protecting its own citizens from an intrusive federal policy: "The people of Michigan deserve this. They earned it. We've faced many trials and tribulations. We've had so many stop and go signs from the federal government. That's why states have to take the reins on the issue and really be the crucibles of democracy that they've always been intended to be." Indeed the last time

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