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anyone who believes that the gold standard era was marked by price stability, or for that matter any kind of stability, just hasn’t looked at the evidence. The fact is that prices have been far more stable under that dangerous inflationist Ben Bernanke than they ever were when gold ruled. Golden Instability – NYTimes.com

Police: All Empire State shooting victims were wounded by officers

Police: All Empire State shooting victims were wounded by officers

The officers unloaded 16 rounds in the shadow of the Empire State Building at a disgruntled former apparel designer, killing him after he engaged in a gunbattle with police, authorities said.
Three passersby sustained direct gunshot wounds, while the remaining six were hit by fragments, according to New York Police Commissioner Ray Kelly. All injuries were caused by police, he said Saturday.

Why does anyone think that if there were more people firing more rounds, there would have been fewer people hurt?

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Ryan’s legislative record shows him renaming post offices, honoring Ronald Reagan and Wisconsin, approving commemorative coins, and increasing the deficit. The Real Ryan Record: 2 Minor Bills, Lots of High-Profile Talk, Gridlock – Garance Franke-Ruta – The Atlantic

The Ryan Role

The Ryan Role

Ryan hasn’t “crunched the numbers”; he has just scribbled some stuff down, without checking at all to see if it makes sense. He asserts that he can cut taxes without net loss of revenue by closing unspecified loopholes; he asserts that he can cut discretionary spending to levels not seen since Calvin Coolidge, without saying how; he asserts that he can convert Medicare to a voucher system, with much lower spending than now projected, without even a hint of how this is supposed to work. This is just a fantasy, not a serious policy proposal.

The Ryan plan is snake oil. I’m starting to think that Romney picked him to divert from his tax disclosure problems.

Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan’s Plan

Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan’s Plan

Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney’s income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends. Romney, of course, criticized this idea when Newt Gingrich proposed it back in January by pointing out that zeroing out taxes on savings and investment would mean zeroing out his own taxes.

Basically, the Romney campaign is just the latest Romney tax avoidance scheme.

Paul Ryan used inside info to profit from the financial crisis

Paul Ryan used inside info to profit from the financial crisis

Ryan attended a closed meeting with congressional leaders, Bush’s Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke on September 18, 2008. The purpose of the meeting was to disclose the coming economic meltdown and beg Congress to pass legislation to help collapsing banks. Instead of doing anything to help, Ryan left the meeting and on that very same day Paul Ryan sold shares of stock he owned in several troubled banks and reinvested the proceeds in Goldman Sachs, a bank that the meeting had disclosed was not in trouble.