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Preventing Armageddon Would Cost Only $100 Million … But Congress Is Too Thick to Approve the Fix

Preventing Armageddon Would Cost Only $100 Million … But Congress Is Too Thick to Approve the Fix | MN News Hound | Scoop.it

Congress refuses to spend a mere $100 million to prevent Armageddon. Specifically, well-known physicist Michio Kaku and other members of the American Physical Society asked Congress to appropriate $100 million to harden the country’s electrical grid against solar flares.

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Holy Smokes! Fractional Reserve Banking Explained « LewRockwell.com Blog

Holy Smokes! Fractional Reserve Banking Explained « LewRockwell.com Blog | MN News Hound | Scoop.it

Thanks to Ike Renner for pointing out this Salmon Khan video on fractional-reserve banking. Mr. Khan, perhaps the most significant educator of our time, is the founder of the Khan Academy, which teaches—in the most extraordinary way—math and so much else to anyone who wants to learn, for free. I have long admired this great philanthropist. Now I discover he is a Rothbardian on banking! Since millions of homeschoolers and other smart students all over the English-speaking world are devoted Khanians, and their numbers are growing, this presages much good for the future of Austrian economics. Adds Ike: "It seems that whether a person's core concern is education, finance, food supply, or foreign policy, once committed to liberty, it doesn't take long to arrive at the front door of the Mises Institute!"

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