Actually this post is a clipping, an example of what I did sometimes when you did not have to write here, I chose the best articles and blog posts and web sites references.
1 - Leandro Roque, the Mises Institute, as always down good.
Today, the Fed can not print money and hand it directly to the Treasury (as it did in the past). However, in practice, he keeps doing it, but now indirectly. And that is the genius of the trick which almost no one realizes.
how it works: when the central bank wants to expand the monetary base, it needs to perform what is called open market operations (open market) - that is, the central bank buys government bonds that are held by banks. Speaking more explicitly, the central bank creates money to buy securities that are held by the banking system. Currently, this is the only legal way to create the Central Bank money. How
Banco Central do it? Roughly, he presses a button on the computer and adds a few digits in the account (reserve requirements) that the bank is selling bonds has with the Central Bank. Where did this money? From nowhere. The central bank has created out of nothing. No other account is debited. The monetary base expanded magically, that bank reserves increased.
http://www.mises.org.br/Article.aspx?id=9612 - Gustavo's blog Contra. Must these two posts
Some things, like jabuticaba, exist only in Brazil. Others exist in almost all places, at least in Brazil. This is the case of a political party clearly right, liberal or conservative.
http://gustavo-livrexpressao.blogspot.com/2011/04/por-que-nao-existe-direita-no-brasil-e.html
The link below is a short biography of figures on the left very enlightening.
http://gustavo-livrexpressao.blogspot.com/2011/04/pequena-galeria-de-vultos-da-humanidade.html
3 - Last but not least, the conduct of an article Adolfo Luis Nassif Schsida that bothered and those who like the government increases taxes. Actually, the article demonstrates Sachs something clear, the tax burden inhibits the growth of Brazil, just that there are people who do not want to give his arm to twist.
http://bdadolfo.blogspot.com/2011/04/carga-tributaria-e-crescimento.html
Por enquanto é só. Boa leitura!
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