Riding a bike! (180 + 10 weeks) - All the kids attended their MAHC classes. R's Move It Move It class did a zip line! W attended his Teen MAHC class. D attended her Circus class. All t...
14 hours ago
A human being should be able to change a diaper, plan an invasion, [...
skill removed by blog poster], conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.
--Heinlein, The Notebooks of Lazarus Long
President-elect Barack Obama's economic team is considering an economic-stimulus program that will be far larger than the two-year, half-trillion-dollar plan under consideration two weeks ago, according to people familiar with the team's thinking.
The solution is to float the biggest possible stimulus package, pump it into stimulating production of goods and services, and simulataneously tank the dollar to make those goods and services very affordable to the world.
Conversely, you could tank the dollar first and then float the big stimulus package possible. The order makes no difference. I actually think they are tanking the dollar in advance of the stimulus.
The bagholders are all long-term debt holders and pensioners of dollar-denominated assets. Also, foreign exporters into the U.S. market.
The dollar will fall against all other major currencies. But beyond that, all major currencies will fall against the value of goods and services. It's called hyperinflation.