Dollar Daze

By: Frederick (Diary)  |  October 9th at 06:45 PM  | 

National Public Radio is reporting that the Dollar has fallen, and foreign banks are increasingly keeping Euros and, of all currencies, the Yen as their reserve denomination. The Dollar has fallen 12% from its recent peak, and appears likely to lose additional value. Quote: In March 2008, before the financial crisis, the dollar was at historic lows against a basket of currencies. Then, when the | Read More »

What C.A.R.S. Can Teach Us About Government Programs

By: Frederick (Diary)  |  August 2nd at 10:36 PM  | 

Strange that a government program costing $1 billion would be considered small, no? A small government program can teach us a lot about government: C.A.R.S. Referred to in the media and by politicians as “Cash for Clunkers,” the Federal Car Allowance Rebate System gave rebates of $3,500 or $4,500 for qualifying automobiles. It was allocated $1 billion and intended to last five months.  Those who | Read More »