July, 2012

Free-Riders And The Outlook For The US Economy

In the Weekly Standard, Irwin M. Stelzer provided his opinion on the range of likely economic outcomes which he characterized as “gloomy, gloomier, and gloomiest.” Optimists likely dismiss Mr. Stelzer’s taxonomy as overly pessimistic. Pessimists likely accept his alternatives. Some consider him optimistic. Of the three scenarios painted by Mr. Stelzer, the following comes closest to describing my version of [...]

Happy Birthday Milton

Happy Hundredth Birthday Milton Friedman! You don’t know how much you are needed today. Stephen Moore wrote a tribute in today’s Wall Street Journal: It’s a tragedy that Milton Friedman—born 100 years ago on July 31—did not live long enough to combat the big-government ideas that have formed the core of Obamanomics. It’s perhaps more tragic that our current president, [...]

Dumber Than Squirrels, Smarter Than Foxes

Dependency on government is deliberately encouraged by the political class. It is the quid pro quo for voting for Santa Claus, a siren song of both parties but especially perfected by Democrats. The practice works well for the political class. For recipients, it is a means of support without the necessity of labor. But it is also the road to perdition [...]

The ONE — Then and Now

In 2008, this is what you heard: Contrast that with his current behavior which reveals the real, malignant personality behind the facade. We can’t take four more years of this guy. I am not sure we can take four more years of any guy from Washington, DC.

Declare A New Recession Already!

From The Economic Collapse comes the following 17 reasons why those hoping for a recession in 2012 are in luck: 1. U.S. retail sales have declined for three months in a row.  This is the first time this has happened since 2008.  Every other time this has happened in U.S. history (except for once) this has signaled that the U.S. economy was [...]

The Political Destruction of Economics, Economies And Society

The madness that passes for government and economics has hit all-time highs (lows???). Coherency and/or logic no longer apply. Either the world has become much dumber or the exploitation and plunder has become bolder. Perhaps both! In “The Triumph of Politics,” Detlev S. Schlichter addresses this very issue: I wonder if forty years of paper money have made the politicians [...]

An Unrosy Outlook

Matt Gillotti provides his view of what lies ahead: As we have seen this week there has been much talk of gold heading toward $6,000, $7,200, $8,500, $9,600 and $10,000 plus. Make no mistake gold at these levels, whether it be in the near or distant future brings with it its own set of realities. For those of us who [...]

The Dependency Trap

From Larwyn’s Links comes this quote regarding dependency: QOTD: “The combination of the two welfare-policy reversions could be devastating, especially when combined with the Obama-backed massive expansions of food stamps and of eligibility for unemployment insurance. As others (including the American Enterprise Institute) have noted, the Obamite re-invigoration of the welfare state will almost assuredly catch millions of people anew [...]

America’s Textbook Beltway Barnacle

The fraud, duplicity and hypocrisy of our political class knows no bounds. Michelle Malkin takes on  “America’s textbook Beltway barnacle,” Joe Biden in this piece. Old Joe stands high in most of the characteristics the public has come to hate about politicians. Loony Joe might be acceptable as your eccentric uncle to whom no one else in the family pays [...]

The End Is Near

At the risk of looking/sounding like some crazed religious fanatic usually seen carrying a sign or proclaiming: “Repent, the end is near,” I shall avoid the word “repent. To me, the rest of that proclamation appears accurate and reasonable, at least with regard to our economic condition. The US and world economy are near collapse. Sovereign debt, driven by increasingly [...]