Rhunzzz

Paul Krugman + Al Gore = The Way Forward

I think you should be prepared for a real flame war. There are too many people here who just keep on railing about the national debt and monetary inflation, often at the same time (betraying ignorance of elementary macroeconomics).

Want to Fix the Fed? Get Rid of It

Hmmm. I'm a monetary neophyte here but wouldn't eliminating fractional-reserve lending mean that banks can only lend out money that none of their depositors could call on?? In effect banks would only be able to lend money from fixed/time deposits, not from current or savings accounts, as though the reserve requirement were 100%. That would result not just in a credit crunch, but a credit black hole.