If you count yourself as a gun owner and are among the hundreds of thousands who are applying for any one of the 7,000 job openings in the Obama Administration, do yourself a favor. Throw the application out.
The economy is the Number One issue these days, as it should be. We are living in some historic times. Unprecedented acts of federal intervention are taking place and when we finally crawl out of this financial meltdown America will never look as it once did.
Last week’s column focused on recent trends in attempted economic recovery and how they cause short-term inflation. The column ended with the prediction that the wide variety of bailouts deployed by the government this year will create real inflation in excess of 20% over the next two years.
“They get our oil and they give us a worthless piece of paper.” Those words were spoken nearly one year ago – and have been repeated in various ways ever since – by Iranian president Mahmoud Ahmadinejad. He was taking a shot at the US dollar when he delivered those controversial words at the end [...]