Monday Links

Posted by Chris Moody

• Nancy Pelosi: “The power of Congress to regulate health care is essentially unlimited.”

• Since August 2008 the monetary base (bills in circulation plus bank credits at Federal Reserve banks) has increased by 137%. If not defused, this bomb will eventually explode into inflation.

• Federal spending  just pushed the government’s debt over $12 trillion. Spending has soared so high that 40 percent of this year’s budget will be funded by borrowing.

• What the NFL can teach us about the War on Terror.

• Podcast: “The Rule of Law and the Fed“