Tag Archives: depression 2012

Lonestar Card

Lonestar Card Lonestar Card is a song I wrote and recorded as Curbside Jimmy a number of years back with the Curbside Jug Band. If you listen very carefully to the bass, you will discover that it is a Jug. The jug was played by the late Gator Ron Ramey, who was probably best jug player who ever lived. The the jug is prominent at the very end of the song. Lonestar Card celebrates the welfare system in Texas of which so many Texans are very proud.

Federal Reserve Decisions Guarantee Failure

Have you ever wondered why the Federal Reserve board does such a miserable job of guiding the economy? Governments do not make economic decisions. Governments make political decisions which guarantee an inefficient allocation of resources. Simply putting an economist in charge as Federal Reserve Chairman does not change the fact that his decisions are political.
The reason free market economies generate such high standards of living is the absence political decisions being used to allocate resources. From the get go any policy the Federal Reserve comes up with is doomed to make economic matters worse.