Steve's barking bit coin, blame it on NIxon

The debasing of the currency as the no nothings would say, getting the US off the gold standard was Nixon doing.
Is anything wrong with not having our dollars backed by gold? Not at this moment and probably not in the near future. Those gold bugs had a case when we had stagflation, it was wrong but they had a case not having the dollar backed by gold.
Not having the dollar backed by gold give the idea that the FED can print money out of thin air just by buying government bonds with dollars it doesn't have (kind of like the American consumer does by buying items with the credit card) .

Now I can just imagine some mischievous nerds, just sitting around and having a little bit too much Sherry deciding that if the FED can print money why couldn't they create digital money and call it bit coins. They would make government backed money by selling this cyberspace created money.
Well as all money is, it's only as good as the seller of goods and services except it. If sellers of goods and services except this form of money though not backed any government  a new form of money has been created. If it's not excepted we have a  monetary pet rock.
So you see kiddies, you can blame it on Nixon.

Steve's barking we don't use leaches anymore

We don't use leaches anymore when some one is sick, why do we use outdated economic models?
I've read stuff (whole reports) from the Cato institute and the Heritage foundation that are so incomplete they wouldn't pass the mustard of a fifth grade class yet the conclusions are relegated to facts. Are we that lazy?
I saw a debate between Ron Paul and Paul Krugman on You Tube with Ron Paul. Ron Paul stated that the Byzantine Empire lasted as long as it did because it didn't debase it coins and didn't have a large fighting force. I believed this Bull Sh*t  till I did a little research and presto nothing could be further from the truth. The Byzantine empire many a time change the gold and silver in it's coinage. The empire expanded and shrunk many times during it's existence and it fought a lot.
The people of my great, great grandfathers day believed in a lot of things and they were the norm of the time, but now we have to move on.

Steve's barking at those crazy 70s and the change of economic reality

Do remember how economic was taught, inflation occurred with full employment, recessions were due to too much manufactured goods. We could always fight inflation by reducing employment and having a mild recession. We could always end recessions by government spending. The Fed could always help lowering interest rates and make it easier for the private sector to borrow to help with hiring and raise interest rates forcing the private sector to into layoffs to lower inflation. Now came that crazy decade of the 70s with that new lexicon stagflation. High unemployment and high inflation at the same time.This was the start of high oil prices, that caused inflation with prices so high that too many people couldn't afford goods and services.
This should have been the turn around the way we think of inflation and employment, but we have a hard time changing the way we think.
Too many economist think that the FED ended stagflation when in truth the end of stagflation was due to the Iraq, Iranian war, with defence build up thrown in.

The decade of the 70s should have shown us one thing we must controll our energy and natural resources.

Steve's barking Santa moves to the South Pole due to climate change

This past year Santa Clause had to move to the South Pole due to the melting ice in the North Pole due to climate change. He and Mrs. Clause were afraid that his home and the heated barn that kept the Reindeer would fall into the ocean. After last year delivering the toys to all the good children of the world he took his team of Reindeer and Mrs. Clause to an abandoned weather station in the South Pole. It's so good to be on solid ground Mrs. Clause told her husband, of which Santa agreed.
Santa couldn't bring the elves's but he feared not for his advisers told him that he could outsource the making of the toys to Penguins of which there are plenty in the Antarctic. His adviser didn't realize that Penguins don't have hands limiting there use in making toys. In case anyone was wondering what the laid off elves were doing, the answer is simple, they went back to work for Santa at half the pay to gather the letter that the children of the world would be sending to Santa because it was felt that it was more expedient in privatizing the gathering and delivering of the children's wish list for Santa. Unfortunately the Elves weren't trained very well and the majority of the letters weren't delivered to Santa. This might have been a good thing because Santa had to buy all the toys from the letters he received from the children at Walmart because of the Penguins fiasco. Santa this year wasn’t tracked on radar as he was in the past because Santa's agents forgot to tell NORAD that he had moved his operation to the South Pole from the North. NORAD tracked Santa and his sleigh as a hostile. Fortunately Santa and his Reindeer come from the planet Krypton so they're faster then speeding bullets. When senator Know Nothing from the state of Obstruction found that air space was violated from the south he had a hissy fit and screamed that illegals found another way of getting into this country.
Perhaps that why there was as many presents in the stockings and under the tree this year.

There has always been a question of how Santa is paid. The answer is simple, he's paid with love and good will and everybody knows that is worth more then all the Bit coins and the gold in Fort Knox. ( Of cause if your Ran Paul you just know there is no gold in Fort Knox).

Steve's barking, so ya think congress can change?

So you think that congress can change, especially when all the incentives are to leave every thing in place or to make things worse. What insentive does one have, to make American democracy democratic, when it's easier to get money to buy your job from those who want you to write laws in that are pointed in favor of them. If the congress person should lose his or her position to some one else who will sell their soul for the job of congress person, and or make more money then they thought possible by working as lobbiest.
Do you really think things will change by the will of the people?

Steve's barking why Amazon

I don't understand why Amazon ( not the river but the company) is trading around $395.
It pays no dividends. It's profit margins are wafer thin, and if it succeeds in it's business model the government will break it up because it would be pretty close to a monopoly.

Steve's barking at monitary inflation

What is monitary inflation? It's when the cost of money goes up.
At the present time in the US we are living in a great time to borrow money (exept if you are borrowing money via a credit card). There is a hugh supply of money.