Monty Pelerin's World

Economic, Financial and Political Analysis

Archives for August, 2012

The Recession Never Ended And Will Not Until A Depression Occurs

Our country is getting poorer. Part of the decline is due to the economic recession; part of it is due to the secular decline that has been addressed in several articles on this website (here is a recent one). Sentier Research recently released a report detailing what has happened to median incomes in this country: After [...]

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Quote Of The Day

Bruce Walker sums up the state of liberalism: … it has no ideas, and it scarcely pretends to have ideas anymore.  Listen, when you can bear it, to the drivel from the Obama campaign.  What is true of this presidential campaign is true of the whole of leftism in our land.  It is sterile, vapid, [...]

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Nostalgia — Back To The 1950s and 1960s

Great songs and video from a bygone era. Only old-timers need watch, although the video and songs might be a curiosity for the younger set.

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Economists — What Good Are They?

Economists, as a group, are mostly useless. That was not always the case, although it has been so for much of the last fifty years. Captured by “physics envy,” economists sit in the halls of academe trying to impress one another with increasingly useless and arcane studies. This intellectual masturbation is what they are encouraged [...]

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Common Sense Video — An Extreme Libertarian Interpretation of Government

This video apparently is from a German producer and translated into English. Some may find the video overly controversial as it is a rather harsh libertarian indictment of government and the State. I think it useful  that people sometime hear extremes. Often extreme views are consistent with what we think and believe but are afraid [...]

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