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Quote du Jour – Philo of Alexandria
“Be kind, for everyone you meet is fighting a great battle.”
~Philo of Alexandria
Quote du Jour – Hafiz
“Even after all this time the sun never says to the earth, “You owe me.” Look at what happens with a love like that – it lights the entire sky.”
– Hafiz
American Theocracy
I just finished reading American Theocracy: The Peril and Politics of Radical Religion, Oil and Borrowed Money in the 21st Century, by Kevin Phillips. I like Phillips. I liked his last book — America…
Important Dates in the Monetary History of the United States, Part VIII, 1863-1900 – Movement to a “Gold Standard”
By David Liechty
In 1863, Congress authorized the Treasury to receive “deposits of gold coin and bullion” in exchange for “certificates” payable on demand, having quasi-legal-tender status …
Goldman Awaits Subpoenas on Mortgage Operations
Move Would Follow Senate Subcommittee’s Report
By Liz Rappaport and Jean Eaglesh
Goldman Sachs Group Inc. executives expect to receive subpoenas soon from U.S. prosecutors seeking more information…
Fed Disclosure on Intervention Powers
The New York Fed: The Discount Window
The Fed: The Scope of Monetary Policy Actions Authorized Under the Federal Reserve Act
—Thanks to The King Report for pointing these out.
