Monty Pelerin's World

The Big Alienation

Government Tagged with: Alienation, Main Streets, Mile Border, Peggy Noonan, Political Careers, Remarkable Moment, Wall Street Journal

Apr 302010

Peggy Noonan opines about The Big Alienation in this morning’s Wall Street Journal: We are at a remarkable moment. We have an open, 2,000-mile border to our south, and the entity with the power to enforce the law and impose

Government Investment Success

Government, Housing, Insolvency, spending Tagged with: Business Insider, Credit Losses, Fannie Mae, Finance Company, Mortgage Finance, Treasury Department

Apr 302010

Fannie Mae Loses $18 BILLION, Needs $15 BILLION More In Aid from The Business Insider by Joe Weisenthal Just to be clear, Fannie Mae (FNM) is still a total sinkhole.————- WASHINGTON (AP) — Fannie Mae is asking for an additional

Vision of the Annointed

all other, Government, knowledge Tagged with: Army Generals, Cafe Hayek, Current Health, Distortions, Health Care System

Apr 302010

All you need to know from Cafe Hayek by Russ Roberts This is supposedly from a powerpoint presentation (HT: Drudge) to US Army Generals to help them make sense of Afghanistan. But relabel it and it could be anything. It

Today’s Wisdom — Andrew Jackson on Banking

banks, ethics, Fed, Government, moral hazard, morality, Today's Wisdom

Apr 292010

The wisdom of our ancestors never ceases to amaze me and all others that take the time to read their views on issues. Long before our current issues became problems, they warned about them. Indeed, our Constitution was written in

This Sucker’s Going Down

banks, Government, Insolvency Tagged with: Banking Sector, Bankruptcy, Burning Platform, George Bush, Insolvency, James Howard Kunstler, James Quinn, New Money, Productive Activity

Apr 292010

James Howard Kunstler posted an outstanding column on The Burning Platform which James Quinn introduced as “This Sucker’s Going Down.” Among some observations made by Kunstler are the following: This sucker is going down because the train of bankruptcies underway

EU starting to Implode?

Government, Insolvency Tagged with: Currency Depreciation, Fiscal Authority, Fundamental Structure, Imf Package, Mathematical Impossibility, sovereign bankruptcy, Western Democracies

Apr 282010

Simon Johnson suggests that someone wake up the President, not in the sense that he is really sleeping but rather unaware: President Obama is wide awake and working hard. Someone please tell him what is really going on. Johnson is

Keynesian Economics as a Control Tool

Government, Keynesian Tagged with: Keynes, Keynesian, Panacea, Political Rhetoric, Populace, Proposed Solutions, Public Rhetoric, Tipping Point

Apr 282010

An enlightening discussion of the growing conflict between economic and political rhetoric and reality is presented at the Daily Bell: “One of the problems with the current sociopolitical conversation is that the increasing knowledge is giving rise to real impatience

Demographics is Destiny

Housing Tagged with: Current Rate, Demographic Data, Demographics, Foreclosure, Nine Years, Residential Real Estate

Apr 272010

A recent post on The Housing Recovery dealt with the problems of foreclosures and their effects on housing. Specifically, the homes in foreclosure and expected to soon be in foreclosure represent almost nine years supply at the current rate of

Political Pissfest

healthcare, humor Tagged with: Barack Obama, Jeannie DeAngelis, Mark Territory, Representative Democracy, Wild Dogs

Apr 272010

I found the following political analogy/satire very well done. It is from Jeannie DeAngelis and entitled Political Pissfest. Welcome to the Political Pissfest Territory is defined as an area, which an animal will defend against intruders of the same species.

Unemployment Figures Made for Populist Rage

employment Tagged with: Depression Levels, Economic Environments, income levels, Jim Mcnerney, Subsistence Existence, Unemployment

Apr 262010

Jim Quinn on Unemployment: Interesting post from Washington’s Blog on Naked Capitalism. I’m torn in my assessment of these figures. A major reason that the poor have a 31% unemployment rate is because they didn’t educate themselves, dropped out of

Daily Bell Deals with Fatal Conceit

banks, Government Tagged with: banks, Bell Piece, Cato Study, fatal conceit

Apr 262010

The Daily Bell writes about the Cato study I dealt with in Political Fatal Conceit. They provide additional insight into the dysfunction of regulation and the continual need to “regulate” on top of previous regulations: In the United States and Europe,

The Housing Recovery

Housing Tagged with: Demand Exceeds Supply, Nine Years, Real Estate Transactions, Residential Real Estate

Apr 262010

For anyone believing that the housing crisis is past or that housing prices have bottomed, the following from Financial Armageddon should wake you up: Economic theory has it that prices tend to rise when demand exceeds supply. But when the

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Random Quotes

Politics is supposed to be the second oldest profession. I have come to realize that it bears a very close resemblance to the first. Ronald Reagan
A long war almost always places nations in this sad alternative: that their defeat delivers them to destruction and their triumph to despotism Alexis de Tocqueville
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire. Ludwig von Mises
Once the principle is admitted that it is duty of government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments. Ludwig von Mises
Conversions will occur a few at a time until, after the last hold-outs have died, the whole profession will again be practicing under a single, but now different, paradigm. Thomas Kuhn
Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom. Frank Chodorov

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