Sybil's Star: The Dollar: Biggest Moral Hazard of Them All

Friday, November 30, 2012

The Dollar: Biggest Moral Hazard of Them All

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Labels: Bernanke, dollar, Federal Reserve

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: Name: Katy; Location: United States

I maintain that a sense of humor comes right after air, water, food and shelter in the list of essentials for human thriving. As to the inspiration for the title of this blog, there are two. First, read about economics' multiple personality disorder in my 7/2/05 post. Second, I'm also a hopeless romantic. I was once infatuated by the story of 16-year-old Sybil Ludington who lived back in colonial America. Late at night on a rainy April 26, 1777, word came to the house of her father, a colonel in the militia, that the British were attacking and burning a local village. To stir the other militiamen to battle, she jumped on her horse Star and rode for dozens of miles over unlit muddy forest tracks, not far from British troops, banging with a stick on every homestead door. My childish dream was for this blog to be my stick and my Star, carrying a bit of humor and lucidity into what most people perceive as a dry, murky and pretentious world of economic cacophony. (See my original posts for more.)

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Publications of the American Institute for Economic Research
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HIGHLY RECOMMENDED:
Money, Its Origins, Development, Debasement, and Prospects by John H. Wood. To order, click here, and you will be taken to the website of the American Institute for Economic Research

HIGHLY RECOMMENDED:
Progress and Property Rights by Walker F. Todd. To order, click here, and you will be taken to the website of the American Institute for Economic Research

ALSO:
Can Capitalism Survive? by Benjamin A. Rogge. To order, click on this image: