[andrew.bonk]

If you haven’t listened to Peter Schiff’s video on the topic it is worth the 15 minute run time. He argues the CPI figures they use are deliberately designed to hide the inflation numbers. Schiff does his own inflation “test” by selecting twenty typical items people buy every week. His results are interesting if not convincing.

http://www.europac.net/media/video_blog/inflation_propaganda_exposed

[andrew.bonk]

These were very interesting responses to aspects of the bailouts I had yet to consider. So many people are quick to point out the so called successes of various interventions without considering the costs.

The New York Times article praising these bailouts reminds me of Obama’s continued refrain that when he came into office the auto industry was on the verge of collapse and he “saved” over a million jobs. Many of the points made in this thread about AIG also refute the standard version of the auto industry bailouts as well.

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