H.L. Mencken, in his epic introduction to Nietzsche's The Antichrist, made hilarious reference to certain institutions "founded by the great practical jokers of the race." He was referring to Christianity at the time, but could much better have been describing the Fed, whose practical jokers have been jerking us from pillar to post ever since they got their hooks into the economy.
Obama would do much better to read some Jefferson, and start by appointing some genuine conservatives to his cabinet (a real conservative tries not to be liberal with other people's money, and vowing to balance the budget is a good start). Imagine this: under Jefferson, every bill in excess of $20 had to be hand-signed. Can anyone argue with the fact that deficits in the trillions could never occurred during such a true conservative government?
Jefferson wrote: "The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then, we must be content to return quo ad hoc to the savage state, to recur to barter in the exchange of our property for want of a stable common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor."
Nov 5 2008 - 6:53am