Posted
4:39 PM
by Gerald Klaas
My letter to the editor RE:Ed Rosenthal was printed in the local daily paper today.
Posted
9:17 PM
by Gerald Klaas
I always find it interesting when our "Big Daddy" congresscritters decide they can protect us from ourselves by passing totally ineffectual legislation like today's effort to outlaw credit card payments to online casinos. Sometimes I wish they'd take my Introduction to the Internet class, so I can explain to them how the Internet knows no jurisdictional boundaries. And I hope I'm not the only Sacramentan who noticed the irony of the opening of the closest Nevada style Indian casino yet to the Capitol City on the same day.
Posted
9:37 PM
by Gerald Klaas
So what does The Fed do as the prime rate gets closer to zero? For 50 years we've been told that they control short term rates but not long term rates. An interesting article from the Financial Times Deflation holds unknown perils for the Fed
I'm trying to follow the ideals of Henry David Thoreau, in his essay On Civil Disobedience. Thoreau refused to cooperate with The Machine of oppressive government and encouraged all moral people to do the same. He referred to this "civil disobedience" as creating friction in the machine. Given enough friction for a long enough period of time, the machine will break.
Courses I teach at the local Community College