Economics and Investing:

From The Appenzell Daily Bell: More Sovereign Defaults Loom?

Brett pointed us to some great Afterburner commentary on the “carbon credits” nonsense as well as personal initiative versus Nanny Statism: Flying Solo: Choose Freedom Over the Nanny State.

I warned you, folks! U.S. Sales Tax Rates Hit Record High. (Thanks to Loren for the link. OBTW, I expect even more tax rate increases as the recession deepens, and more states face crises.)

Williams: Expect Hyperinflation Within The Next Five Years. (Thanks to H.H. for the link.)

S.M. liked this piece of commentary about the national debt and precious metals by Stewart Dougherty: America’s Impending Master Class Dictatorship.

GG and MM both flagged this New York Times article: Public Pension Funds Are Adding Risk to Raise Return. (G.G.’s comment: “What could go wrong?)