I have exchanged emails with Kip Sullivan several times and believe he has the clearest explanation on Single Payer. I have found him to be a good source for the…

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…Foreign Gifts. The AICPA reports errors including: instructions to fill out Part II about ownership of a foreign trust, when the taxpayer is not the owner of a foreign grantor…

…is headlined “Romney team sharpens attack on Obama’s foreign policy.” Both headings are accurate. Romney’s foreign policy team—drawn, apparently, entirely from the farthest-right faction of George W. Bush’s foreign policy…

…of exchange. Though it’s rare for them to be exchanged directly for real-world goods and services, they can be exchanged for things (bank balances) that can be so exchanged, so…

…take in $100 in checking-account deposits and lend it all out, holding no reserves. That’s not safe or even workable. You need some buffer so your depositor’s checks will clear….

…such an effect, if the massive runup in excess reserves is any testament. 3. Explaining #2: For banks, currency is (see #1) less liquid than reserves. They’re not carrying it…

…been barely any new exploration of Iraq’s promising geology in 30 years, an upward revision of the official reserves figure seems long overdue. This underlines Iraq’s uniquely large reserves-to-production (RP)…

…premiums, PayGo does not equate to Ponzi. Banks and Insurance Companies don’t have current cash reserves equivalent to all of their obligations, instead that money is locked up in what…

…in reserves equals (T minus E) PLUS the interest on accumulated reserves. By even the pessimistic forecasts of SSA, reserves will be near $7 trillion by 2018 so interest income…