Fun with The Fed Part 1

The Federal Reserve announced that they are cutting the Federal Funds Rate by .25%. This comes after the last cut on September 18th, which was .50%. If you are not familiar with the Federal Funds Rate or some of the other tools that the Fed uses to manipulate the economy, you can click here and read about them.

For those who have never studied economics you might have a few questions, such as:
Why is the Fed trying to control how the economy works?
I thought that under communism the government tried to control the economy, what gives?

These are all legitimate questions to be asking. For an in depth history about how and why the Federal Reserve came about I recommend reading The Creature from Jekyll Island by G. Edward Griffen. This book may take you a while to read, but it is worth it if you want to understand the origin of the Federal Reserve.

Should the government be involved in the economy? This is a question that does not get asked enough. The main question that people will argue is how much should the government be involved with the economy. It seems to always be a matter of how much involvement and the going assumption is that the economy would come tumbling down if it was not for the ever watchful hand of the government.

I plan to address this question of economic stability without government involvement in part 2.
If you are already on board with those of us who would like to see the Federal Reserve abolished, then you probably know that there is only one presidential candidate that claims he will do this, Ron Paul. If you would like to show your support for abolishing the fed and for Ron Paul, I found the perfect tee shirt for you.

Stay tuned for Part 2.

Ron Paul on Jay Leno

My favorite presidential candidate made an appearance on Jay Leno last night. I don't own a television so I was unable to watch it live. However thanks to the work of other people it is already available as a youtube video.

Template Upgraded

The transition of upgrading my blog template went a lot smoother than I expected. At this point it is mostly completed. I have added a couple of new features. One is that at the bottom of every post there is a link for Digg. So if you read an article and want to share it with others feel free to Digg it or there is also a link to e-mail that post to a friend. Also The Prism is now syndicated thanks to feedburner.com. Just look on the sidebar and there is a link for the RSS feed as well as a link to easily add The Prism to your Del.icio.us account. Hope everyone enjoys the new features and feel free to e-mail if there is something else that you would like to see.
Happy Reading
Todd C.

Upgrading Template

Dear Readers,
I decided that I am going to upgrade my template so I can use the functionality that is included in the newer templates. Hopefully this will be a smooth and quick transition. Thanks for your understanding in the process. I hope to have completed the transition within 2 days.
Thanks,
Todd C.

Ron Paul in Wyoming

I had the chance this weekend to attend a Ron Paul rally in Wyoming. I had a great time and was able to shake Dr. Paul's hand and tell him that I looked forward to seeing him in office in 2008. It was great to see other people who are also excited about Dr.Paul running for President.
There were many people that came from Colorado to hear Dr.Paul speak, as well as those from Wyoming. I met people from Windsor as well as Louisville. In fact that guy that I met from Windsor was handing out free Ron Paul hats. He has his own business in Windsor, Co and makes hats. I didn't get to talk to him for long but, I was able to obtain a business card. The name of the company is Sovereign Threadz. Their website is under construction at the moment but anyone in the Front Range area interested in a cool Ron Paul hat should definitely give them a call at (970) 686-6055. Below you can view your author with Dr. Paul and I have included links for anyone who is interested in viewing the speech.



Part 1 of 5
Part 2 of 5
Part 3 of 5
Part 4 of 5
Part 5 of 5

Ron Paul Hope for America