IT Welfare: $30B stimulus to “create” 1 million IT jobs in 2009?

Over at tech blog/forum slashdot, a post was added about a report that says that a $30 billion stimulus package for IT would create 1 million new jobs in 2009.  The report talks about why such a stimulus... 

My Full Reserve Bank: Prosper.com

Los Angeles, CA By A.B. Dada — I’ve been a promoter of the idea of a full reserve bank for many years. So far, we’ve never had the chance. Lately, though, I’ve come to realize... 

Bailing out the Banks: Print Money versus De-hoarding

Chicago, IL By A.B. Dada — It’s a wonder that so many people are debating the idea of whether or not to bail out the banks from their losses during the subprime “crisis” that we’ve... 

Full Reserve Banking and Home Mortgages

One question I hear often about full reserve banking is how a bank would supply capital (money) for a person borrowing a mortgage, or a loan towards buying a house. Since the bank can only loan out money... 

Credit Cards and Full Reserve Banking

In a fractional reserve banking system, credits cards and other unsecured lines of credit are not very different from how a bank handles the financial end of mortgages and loans: because it only needs... 

Negative Interest Rate

Since all businesses must make a profit to survive, a bank’s ability to make a profit sets its ability to stay in business. Modern, fractional reserve banks make their profits in a multitude of ways:... 

Full Reserve Banking: What is a reserve?

In both full reserve banking and fractional reserve banking, we have the adjective of “reserve.” It is this adjective that is part of the fraudulent aspect of fractional reserve banking, as its definition... 

Government market control without the Federal Reserve

One concern that people who are against full reserve banking have is the idea that the government would not be able to control economic situations that are causing so-called recessions or depressions....