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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Sunday, May 29, 2011

Hoenig Urges Fed to Raise Interest Rates - Bloomberg

“If we want to be a great nation, continue to be a great nation, then we do have to address our fiscal challenges,” Hoenig said in the CNN interview, according to an advance transcript of his remarks.
At issue is not just fiscal challenges but incentives for people to work and save. The US government through it monstrous wisdom, has embarked on policy that will eventually destroy the old America of thrift, self reliance and hard work. Continuously driving the nation to consume more-and-more at the expense of savings, the nation will create a population of people that can barely survive and will have to be supported by transfer payments since savings is discouraged by both central government policy and by the Central Bank. The leviathan is growing and its time to take the nation back.

Hoenig Urges Fed to Raise Interest Rates - Bloomberg

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