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OWS subway graffiti. Treadmill American Dream

Welcome to the 2011 Salon Hack List

Welcome to the 2011 Salon Hack List

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the Austrian/Ron Paul types made some very strong predictions about inflation — and rightly, given their model of how the world works. In their version of reality, it really isn’t possible to triple the monetary base without dire effects on the price level. In my version of reality, of course, that’s not only possible but… Continue reading Untitled

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The bill does not require military custody for American citizens suspected of membership with Al Qaeda or an allied group, as it more or less does for foreigners. (Note, by the way, that this is all about suspicion, not proof.) But neither does it prohibit military trial or detention of American citizens. It’s stunning that… Continue reading Untitled

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Paul is unique among the GOP contenders, or for that matter among politicians in general, in making monetary policy his signature issue. So it’s worth noting that he is among those who have been wrong about everything in this slump. Here’s a sample from earlier this year… Speaking of People Whose Models Have Failed –… Continue reading Untitled