Archive for July, 2010
Economic Adjustments
I am shocked, shocked! Just as Claude Rains was in Casablanca. That is my reaction to Mish’s post regarding revisions in government numbers: The BEA has finally admitted something anyone with a modicum of common sense already knew: The recession was far deeper and the “recovery” far weaker than previously reported. To get detail on [...]
The State Against Blacks and Other People
Many years ago Dr. Walter Williams wrote a book entitled The State Against Blacks. It was a book that I believed would be excellent required reading in an elementary economics course. I especially thought this for the brief time when I taught at an historically black university. Of course that was impossible, because Dr. Williams [...]
An American Future: Introduction
I am very pleased to present a guest post from Kevin at 20smoney.com. Kevin brings a different perspective than I. He is much younger and just starting his journey into a career. I am impressed by his knowledge and commitment. He appears wise beyond his years. Regardless of your age, I think you will find [...]
Another Comparison to Rome
Rocky Vega opines on the Daily Reckoning about the similarities of Washington and Rome. How Washington is Far Worse off Than Rome by Rocky Vega While there have been many comparisons of how the US’ current descent from its solitary superpower status bears an uncanny resemblance to the crumbling Roman Empire, Jim Rickards, in an [...]
The Pretence of Knowledge
The “Pretence of Knowledge” was the title of economist Friedrich Hayek’s 1974 Nobel speech. In his first few sentences, he described the then-prevailing economic condition in words appropriate to today: … [this economic condition] has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed [...]
What Recovery?
If you are old enough to remember the Joe Isuzu commercials, then you will realize what the media full-court press is attempting. Of course, Joe was great fun while our media desperately want you to believe there is a recovery. There is none and will not be one for quite a while. Do not fall [...]
Likely Government Revenue Raising Measures
I am not endorsing revenue increases for the government. My position is for government spending cuts, a lonely preference in terms of Washington-think. Washington’s Pavlovian response, always, is that more revenue is required. That is the response for government all the time, whether it be Federal, state or local. There is never enough revenue for [...]
A Political Activist
A likely accurate representation of what might be called a “political activist.” This “concerned citizen” leads a useless existence, at least with respect to effecting change in what matters to him. From The Big Picture via via Windowless Van:
Repent: The end is near
It was a lazy afternoon. At least it was until I came across a blog by Mish. There was little in the post that I didn’t know or suspect, but this quote triggered a reaction: “It hides the economic substance of what’s really happening—an unlimited taxpayer bailout.” William Black, a former no-nonsense regulator, described in [...]
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RICHARD RALPH ROEHL
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