Open Thread


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  1. “the federal government has the know-how, tools, and capacity to tinker with money in such a way as to avoid a complete meltdown and/or revolution.”

    Only insofar as they can refinance their debts.
    Not a problem now, but could become one conceivably.

    Anyway I am out, see you all soon…

  2. “Food costs are rising as are oil prices.”

    “I thought food costs were up for reasons unrelated to our tinkering. Something to do with more worldwide supply.”

    jb,
    We know OPEC responds to a devalued dollar by simply increasing oil prices.
    It is this administration’s stated goal to devalue the dollar in the short term.

    On the food prices,
    I do believe the global economy influences the prices as the cold winter effected production in Russia for instance.
    But on a practical level, a devalued dollar would seem to me a direct influence on the price of food because the fuel used to transport the food even between states has gone up.

  3. ewww…. just the thought of swinging really grosses me out. Isn’t it only really gross old people who do that? You never hear about hot young people swinging. It’s always some leathery skinned pudgy older couple.

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