The milk of American politics may be money, but the fuel for American socialism is Keynesian economics. Keynesianism’s inherent bias toward bigger government has made it the indispensable tool for statists around the globe. Politicians’ natural wont to spend and control benefited immensely when John Maynard Keynes published the General [...]

We take so much for granted in our lives. Markets and social cooperation are second nature to us. They ensure that goods and services are readily available. Decency and trust in our fellow man is a part of our social fabric. But, what happens if all this suddenly changers? Many [...]

Mr. Kofi A. Annan has opined on the Huffington Post regarding the Copenhagen Summit.  Mr. Annan is former Secretary-General of the United Nations. Like a bad penny, this man will not go away. As part of his natural role as Public Nuisance, Mr. Annan is Chairman of the Kofi Annan [...]

Two interesting articles from Rolfe Winkler. The first, involving North Korea, is indicative of what happens in an hyperinflation, including the financial destruction of savings. Interesting reading if you are naive about hyperinflation and devaluations. I am not suggesting that the US is anywhere near such action, although a few [...]

James Buchanan won a Nobel prize in Economics in 1986 for his pioneering work in what is known as public choice theory. In my opinion, he is one of the few true economists. He understands the methodological and institutional issues and limitations of his field. As most outstanding economists, he [...]

Citizens rate the stimulus as discussed by IBD Daily Stock Analysis Online Courses CAN SLIM® IBD Tool Chest Charting The Course Sell Signals Buying and Selling Checklists IBD How To Ask IBD Financial Dictionary IBD Workshops IBD Home Study Forums Meetups Calendar IBD Editorials // The $787 Billion Flop Posted [...]

Image by martnpro via Flickr Image via Wikipedia “We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong … somebody else can have my job. I want to see [...]

Image via Wikipedia The cash for clunkers, despite many analyses to the contrary, apparently was a great success. How do we know? The White House told us so. Don’t these guys have better things to do than to act like 6-year olds? DID SO! DID NOT! As this article points [...]

One person’s reaction to what is happening put to song:

Who were these people? They were like scientists trying to address a convention of witch doctors. They gave up career and fame to stick with the truth and say what had to be said. … it is very dangerous for an economist to seek fame and fortune and to work [...]

[intlink title as a link /] For those interested in a discussion re the Flu risks. Hiding on a Vermont Hillside From H1N1 [intlink meta info /] By Paul Kedrosky ·

The age-old argument of how much government is the right amount has no simple answer. In society it is always easy to point out some perceived inequity and conclude: “There ought to be a law!” But should there? Each and every law steals a bit of freedom from society. The [...]

This from Richard Russell’s newsletter today: A vision of the future by Bob Dylan from his song, “Hard Rain.” And what did you hear, my blue-eyed son ? And what did you hear, my darling young one ? I heard the sound of a thunder, it roared out a warnin’ [...]