The Hegelian dialectic comprises three dialectical stages of development: a thesis, giving rise to the reaction called an antithesis, which contradicts the thesis, and is then resolved by the synthesis. It is used in modern times as a means for so called experts to sway or pacify public opinion through the deception of compromise. The […]
Federal Reserve Chairman Ben Bernanke recently spoke at the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, Rhode Island, warning about the current state of the government finances. His conclusion, the situation is dire and “unsustainable”. He said, “The recent deep recession and the subsequent slow recovery have created severe budgetary […]
The dramatic and costly undertow of deflation continues unabated, as government via fiscal policy and the Federal Reserve, by creating money and credit out of thin air, proceed to overpower this deflation with massive inflation.