by Mitja on September 29, 2008
Today we went apple and raspberry picking with friends at Butler’s Farm in Maryland. It looked like it was going to rain but we lucked out. Now I need some recipes to use up four pounds of raspberries.
[Click on the photo for more pictures]
by Mitja on September 26, 2008
A few days ago CNN had a story about the last surviving United States veteran of World War I, Frank Buckles. He is 107 years old.
He lives about an hour away and was recently in Washington DC to advocate for repair of the World War I Memorial. Honoring 26,000 Washingtonians who served in World War I, it [...]
by Mitja on September 25, 2008
The deflation of the Great Depression, as in 1836, did not begin because of any sudden rise or surplus in output. It occurred because there was an enormous contraction of credit (money), bankruptcies creating an environment where cash was in frantic demand, and the Federal Reserve did not adequately accommodate that demand, so banks toppled [...]
by Mitja on September 25, 2008
Aside from being alarming, it has been interesting to see how the Federal Reserve Chairman is trying to use some of the economic tools he described in a speech I attended in November 2002.
At the time Ben Bernanke was a member of the Board of Governors of the Federal Reserve and there were some concerns about deflation, [...]
by Mitja on September 23, 2008
Our friend Jeremy recently blogged about his 18 months living in our house while Elysia was stationed in Norfolk. He remains grateful that he was not kicked out for setting a kitchen towel on fire his first weekend in the house when I returned home to find all of the windows open.
Little does he know [...]