Fri, 18 Mar 2005

Fed to Inflate Overseas

Tim, over at The Mess That Greenspan Made (my favorite economics blog by a non-economist), has compiled a good summary of the responses surrounding the Fed's notice that they're going to stop reporting M3.

If this comment is accurate, it's pretty interesting:

Perhaps you should wonder why even U.S. based contractors are being paid with suitcases of $100 bills, when they would prefer the payments be made by direct deposit to their U.S. account.

Buy gold.

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The state is that great fiction by which everyone tries to live at the expense of everyone else. - Frederic Bastiat