Monty Pelerin's World

Economic, Financial and Political Analysis

Archives for July, 2012

Free-Riders And The Outlook For The US Economy

economic policy

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 [...]

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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 [...]

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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 [...]

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The ONE — Then and Now

obama44

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.

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Chicago Values

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