THIS POST IS :”STICKY.” It will remain at the top of the page for a few days. New posts will appear under it. Below is a response I received to my article on American Thinker:  http://www.americanthinker.com/2010/08/keynes_as_useful_idiot.html (also posted on this site on August 31. It should be near the bottom [...]

This blog consistently emphasizes the importance of microeconomics over macroeconomics. Indeed, I argue that macroeconomics is not economics but rather a part of either history or statistics or some other field. It is merely the summary of past aggregates. In that sense it is both history and statistics. It summarizes [...]

An interesting battle is shaping up between what I call the “Eggs” and the “Idiots.” The significance of the terms and which team you are on will become clear shortly. American Thinker discussed the intelligence of President Obama and concluded: As far as Barack Obama being smart as a whip [...]

Investing is never easy, although sometimes it seems that way. During a bull market, most everyone is successful and believes he has superior abilities. Many investors were geniuses, at least in their own minds, during the decades of the 1980s and 90s. In the 21st Century, markets and the economy [...]

What do education and prostitution have in common? Probably several things, but the important one is that the delivery of both services is virtually unchanged since the time of Socrates. I know of no other industries that can fit that characterization. Given the nature of the product, it is not [...]

There was good response to yesterday’s quiz, both on-line and off-line. The following quotes were presented: The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Deficit spending is simply a scheme for the confiscation of wealth. … the [...]

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 [...]

Einstein defined insanity one way, Gingrich defines it another. The following is so simply stated that it is difficult not to agree with it. Despite all of this, I don’t feel much more comfortable with the other group of statists (Republicans) in charge. The system became so corrupted that it [...]

If there is nothing else you read this year, read this from American Spectator. It is about the Ruling Class versus the rest of us. It is a long read, but it will provide great reward and understanding for those who do read it. It will explain much of what [...]

The cornerstone of a democracy or any representative government is an informed public. The U.S. Founding Fathers recognized the importance of an enlightened citizenry and saw fit to codify it in the very First Amendment. How important they considered the press is apparent when is is recognized that they provided [...]

Here is an explanation as to why so many Yahoos get elected to public office. Also, note the last interviewee and his correct answers. You can almost track the deterioration of the U.S. educational system by the age of the people interviewed. So very sad for the country and its [...]

Via email. Source unknown. Validity not checked. Two Biographies: General McChrystal Biography Commander, International Security Assistance Force/ Commander, United States Forces Afghanistan United States Army SOURCE OF COMMISSIONED SERVICE: USMA EDUCATIONAL DEGREES United States Military Academy – BS – No Major United States Naval War College – MA – National [...]

This column, from Star Parker, is about one year old. I recently was reminded of it and thought it had pertinence regarding the current direction of our country. Ms. Parker has seen both sides, i.e., dependence and independence. She knows that Socialism promotes the former and Capitalism and Freedom the [...]

I am not going to defend George Bush. One needs to pick one’s fights carefully and I am pretty sure that is one that I could not win. I offer the following not as a defense of Bush or an attack of Obama. It is of interest more from the [...]

Too many Americans are ignorant of the past and consequently ignorant of the present and future. They take for granted our prosperity and way of life without ever thinking about or understanding how it was achieved. To them, the present is what it is. It was always that way and always [...]

From Socialism, Roman Style: One would think that with the unqualified collapse of the Soviet Union, the transformation of China into a quasi-capitalist state, and the pitiful condition of satellites such as North Korea and Cuba, there would be little intellectual justification for any system reliant upon centralized planning of [...]

This country has two holes to plug, not one. One is in the Gulf, the other in the White House. President Obama has no more responsibility for the occurrence of the British Petroleum environmental disaster than President Bush had for the arrival of Katrina. Despite all the political hoopla, Obama cannot [...]

Friedrich Hayek’s classic book should be read by every high school student in the country. If you haven’t read it, enlighten yourself with what is happening to the US today, 66 years after Hayek wrote the book. Based on sales at Amazon, many people are catching up on what they [...]

The following link is a clever comedic video presentation: The Royal Gaza Flotilla Choir Presents: We Con the World (Must See COMEDY) In one sense, it is comedy. In another, it is an indictment of the current condition of the world. When will we wake up and wise up? How does [...]

Another Valuable Part of our Past is Gone. Coach John Wooden died yesterday. John Wooden, arguably (and this comes from a Duke fan and graduate) the best college basketball coach of all time, left us four months short of 100 years of age. His impact on the game of basketball, both [...]

George Will has a column entitled The limits of the welfare state. His column contrasts the philosophy of James Madison with that of Woodrow Wilson. It presents a stark contrast between the two philosophies – one that was the foundation of the beginnings of this country and the other the dominant [...]

Governor Christie of NJ speaks bluntly about the condition of our education system. There is little more need be said about this disgraceful situation. It is time to act! Christie speaks in Washington DC, calling Newark schools ‘absolutely disgraceful’ Today’s WisdomGovernor “Wrecking Ball”More on Education

More on the tragedy of education in the US. The Prostitute We Know as EducationOur SchoolsState University vs. Private University

The following, from an email from WorldNetDaily, seemed to juicy to pass up. Compare Mr. Gore’s approach to a commencement speech to the last post dealing with what Thomas Sowell might say. Never mind that the “facts”  he claims are incorrect.  It’s The Approach, Stupid. Bad Energy Best-selling author challenges [...]