That’s a lot of dollars, huh?  That translates into $37,321 per person over 19.  Sound reasonable?  In 1920, there was $55 in circulation for every citizen, regardless of age.  Since the dictionary defines inflation, as, “An increase in the money supply,” maybe the Fed chairman doesn’t believe in definitions.  Is a dictionary suitable for finding […]

I have always been puzzled about juries being required to have a unanimous verdict.  Therefore, if a criminal’s case is put before a jury, no matter how hideous his or her act may have been, if one juror has decided that there is a possibility of he or she being innocent, they will go free.  […]

Steel, orange juice, pork bellies, corn, wheat, gold, silver, and a hundred other things, are all ‘commodities.’  What’s wrong with being a commodity?  The Dictionary definition of a commodity as: “1. Any useful thing. 2. Anything bought and sold. 3. Staple products, as of agriculture.”  Without commodities, there would be no human race.  We eat […]

(From a column I wrote 7/16/2004) For a hundred years, the French used the Livre as their currency.  Did they create Livres out of thin air, as all governments do today?  Yes, and the French government and citizens used the Livre to pay their bills and save, as do the U.S. government, and far too […]