Economics and Investing:

Do you remember my warnings about “creative” ways that legislators might find to solve budget crises? Brace yourselves. CBO: Taxing mileage a ‘practical option’ for revenue enhancement. (A hat tip to J.H.B. for the link.)

My cousin in England sent this: Proof That Gold Is Not a Bubble

Gonzalo Lira: How Likely is QE-Three? (Lira thinks either that there will soon be be either more monetization or seizure of IRAs and 401(k)s.

G.G. flagged this: Morning Note: Gold Replacing Dollar as World’s Reserve Currency?

Also from G.G.: Buffett Warns: The Dollar Will Decline

Items from The Economatrix:

Stocks Falter Despite Improving Economic Reports  

Oil Slides as Rebels Take Libyan Ports  

More People Signed Contracts to Buy Homes in February  

How to Detect Fake Silver  

US Closes Small Bank Bringing 2011 Total to 26