Discover rewarding casino experiences. 
Please Don't Quote Me PART III — Joseph O’Neal was twenty-seven years old when he died by hanging at the Carroll County Courthouse on May 16, 1873. He’d been born at Steubenville, Ohio but came west with his family during the Civil War to Chicago, then to Clinton, Iowa. |
StephCo Tea Party Welcomes Local SpeakerBy Ryan EkvallNearly 60 local Tea Party supporters gathered Thursday night in Lena to hear speaker Savannah Liston. Members of the audience included Tea Party members from Carroll and Stephenson Counties, with some from as far away as Morrison. Liston, 16, of Pecatonica, delivered a well received presentation on fractional reserve banking. Fractional reserve banking is defined by Investopedia.com as “a banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.” Liston, presenting from the Austrian or free market school, illustrated how fractional reserve banking can lead to inflationary periods and harsh business cycles. The home-schooler will seek more insight on Austrian economics on scholarship this summer at the Ludwig von Mises Institute in Alabama. Enthused members of the audience asked questions ranging in topics from historical periods of depression and recession to minimum wage laws and unemployment. “What should be the role of the Fed then?” posed one of the nearly dozen newcomers. Poised, prepared, and knowledgeable the young speaker offered her thoughts; while, in true Tea Party fashion, other members of the audience joined in to share some of their conclusions as well. Stephenson County Tea Party organizer Bill Dietz acknowledged, “each individual will have a slightly different view on many of these topics,’” which is part of the national intrigue of the Tea Party. Savannah concluded by asking the audience to think about “what is liberty” and to consider “what service does the government provide that the free market can’t do better?” Not very much was the general consensus in the room. The Stephenson County Tea Party will meet again next month. For more information regarding The Stephenson County Tea Party: http://stephensonteaparty.org/default.html For more information regarding Savannah Liston:
|
