cpklapper's channel

Time was when cowboys from the US illegally crossed the border into Mexico to "rustle" (steal) cattle and horses which were then fenced by ranchers on the US side.

@MattQB1990 finds me useless to talk TO about economics because I don't blithely accept what he and other libertarians say about it. Then he ascribes my failure to adhere to the libertarian economics creed to what he believes -- I hope solely for the sake of argument -- to be the "deliberate obfu...

(concluded) Voting would end when a field of that size got a percentage of the nominating votes also so determined, preferably 90 percent. This field would form the ballot for the election. The highest vote-getter would be president and the second, vice president."

@bdawgy0 Huey Long was far more intelligent than the Democratic propagandists would have you believe.

@huckfinn22 I am well aware of the conservative wing of the Republican Party making a deal with the devil by taking in the Dixiecrats and thus winning the nomination for Goldwater over Rockefeller. However, not all Southern Democrats left the Democratic Party. Its policies plowed new ground for s...

@JusticeCN Since God is "I AM THAT I AM", God is Existence. Hence to love God is to love all that is, which is to say "Life" with a capital "L". Understand?

Because banks can create money and only need to keep a fraction of the deposits lent in reserve, lending has greater liquidity than investing. So, when lenders are favored by bankruptcy rules, a bias is created in favor of this liquidity as surely as a fall in aggregate demand disfavoring investm...

The "gold cage" is exactly right! The gold standard has been an absolute disaster everywhere it has been tried.

5. Expansion in the economy would be enabled by the expansion in the money supply from issuing United States Notes ("greenbacks") during deficits and curtailed by the contraction of the money supply from retiring United States Notes during surpluses.

@thisisgame, United States Notes would be created out of special paper and printed in a special way to avoid counterfeiting, just like the Federal Reserve Notes in your wallet. Once in circulation, they are money by virtue of the Legal Tender Act of 1862. They get in circulation by being availab...

Ethel Waters was also a move star in 1929, so Ms. McKinney was not the only one blazing the trail. They are both AMAZING!!!

@edmoil12 "Much like there is no inherent, tangible value in a credit obligation, there is little tangible value in paper bank notes."

With the notion of "tangible value", you misunderstand what currency is designed for. The whole purpose of currency is to provide a fluid medium of exchange. We...