One pet peeve of mine concerns Moore’s comments on the massive increase in money supply and the conclusion (which I think Bob accurately transcribed) that “This causes inflation.” Wrong. An increase in the money supply beyond an increase in the supply of goods/services is the very definition of inflation. The resulting rise in the general price level is the symptom of the inflation. Inflation is always a monetary phenomenon. Over the years the language has been perverted to the point that the man on the street thinks that rising prices are inflation. The perversion serves to divert attention away from the true source of the inflation (the FED and banks) and place it on other scapegoats such as oil men, monopolies, unions, etc.

Knowing that we face a budget shortfall of more than $1 billion in fy 2010, why would we want to implement a ten year transportation plan in the hopes that it will spend our way out of the problem? At the very least, we should require a cost benefit analysis of every single transportation project that is proposed.

Oil is basically peaked.

Watching C-SPAN on the National Debt, oh man!!! We are so screwed. The Federal Government is basically bankrupt.