How Not to Fix Housing Crisis

 Econ 101, Housing, moral hazard, Re-Reads  Tagged with: , , , , , , , ,
Nov 302009
 

This post is older, but classical in its approach to the housing crisis. It sheds light on how the crisis started and grew, and why government intervention will hurt rather than help. It is a good, elementary exercise in understanding

Stansberry: Bankruptcy of the US is Now Certain

 banks, credit, currency, Debt, Insolvency, interest, spending, taxes, Treasury  Tagged with: , , , , , , ,
Nov 302009
 

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, using cash flows and borrowing capacity, to support his conclusion.

Wisdom: Eisenhower and Michael Crichton on Science

 ethics, moral hazard, morality, Today's Wisdom  Tagged with: , , , , , , ,
Nov 302009
 

Anyone can rent a scientist. But when Federal funding is at stake, it appears you can also rent a conclusion. In his farewell address to the nation back in 1960, Dwight D. Eisenhower warned of the danger from the military

The Shrinking Presidency

 Government
Nov 292009
 

Things are not going well when material like the following from Peggy Noonan appears:  ” ”a critical mass of influential people who once held big hopes for his presidency began to wonder whether they had misjudged the man.’ They once held

Spiraling to Bankruptcy

 ethics, Favorites, Government, Insolvency, interest, morality, Re-Reads, spending, taxes  Tagged with: , , , , , , ,
Nov 282009
 

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it

Inflation and PinFlation

 Inflation
Nov 282009
 

Inflation changes our perspective of many things, especially numbers. Richard Feynman stated: “There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used

Obama and His Cardiff Giant

 Favorites, healthcare, knowledge, spending
Nov 282009
 

This post originally appeared on American Thinker today. The Cardiff Giant, known as “America’s Greatest Hoax,” has new competition for the title — Global Warming. Recent revelations of what  appear to be doctored data, corrupted scientists and pressured peer reviews

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