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Tuesday, January 17, 2006

All the right notes

Got a hold of this link from Jomama, whom you should be reading, if you're really into this thing of ours.

This puts all the pieces together in an eloquent way, without any excess ideology needing to be trimmed:

The Proposed Iranian Oil Bourse

See the Mises quote in one of my previous posts for a concise statement of the mechanics of this.

And remember that the way our banking system is set up is fractal. And then all the weird, seemingly ad hoc political stuff clears up quite a bit.
That, and the "good cop, bad cop" mechanism are two good filters to look out from.

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