It is easy to rant about the economic condition of this country and the world. It is, quite simply, horrible and terminal. The US economy, like a zombie, staggers around half alive and half dead in its own special purgatory. The other developed social welfare states of the world are in similar condition. This blog frequently discusses why there can be [...]
Economic
standard Government Economic Policy Cannot Cure A Problem It Caused
Neither President Bush’s nor President Obama’s economic policies brought this recession. The event was preordained from years of governmental economic mismanagement and intervention. The crisis could have come sooner, or later. It happened on Bush’s watch. Now Obama must deal with it. The insanity of current economic policy has been dealt with here before. Keynesian economics, as practiced by politicians, [...]
standard Economic Armageddon
The US and other modern industrialized nations are headed for economic collapse. Political excesses created unwieldly and insolvent social welfare states in every modern democracy. The notion of providing for those who cannot or do not provide for themselves has limits. As Lady Margaret Thatcher expressed the problem: The trouble with Socialism is, sooner or later, you run out of [...]
standard More Evidence of Why There Will Be No Economic Recovery
For some serious economic analysis, I recommend this piece from Hoisington Investment Management. I was provided courtesy of John Mauldin whose introductory to the piece is also worthwhile: Tax Consequences: From Gain to Drain The American Taxpayer Relief Act has lifted the immediate uncertainty of the fiscal cliff. Nevertheless, tax increases that are already in effect from this act, as [...]
standard Economic Armageddon Is Coming
The US and other modern industrialized nations are headed for economic collapse. Political excesses created unwieldly and insolvent social welfare states in every modern democracy. The notion of providing for those who cannot or do not provide for themselves has limits. As Lady Margaret Thatcher expressed the problem: The trouble with Socialism is, sooner or later, you run out of [...]
standard The Federal Reserve: Fraud That Passes For Economic Policy
The Federal Reserve has spoken, again. And again they have said nothing worth hearing, but done so in serious language and tone. Does anyone consider this quarterly spectacle worthwhile anymore? Every quarter, like some pagan ritual, this scene repeats. Market worshipers treat it as some profound economic emanation that has the potential to re-direct the economic fate of the nation. [...]
standard The Productive Vote Against Obama’s Economic Delusions
No matter what Washington believes is good for the country, if it is not perceived as such by its economic actors there will be no economic recovery. No amount of propaganda associated with “hope and change” can alter the first commandment of human behavior — people act in their own best interest. Government policies ignore this commandment, believing people can [...]
standard Obama’s Economic Concepts Applied to Golf
New Federal Golf Rules President B.H.O. Has recently appointed a Golf Czar. Major rule changes in the game of golf will become effective January 20, 2013. This is only a preview as the complete rule book (expect 2,716 pages) is being rewritten as we speak. Here are a few of the changes: Golfers with handicaps: – Below 10 will have their green fees increased [...]
standard The Economic Future is Dismal
Americans by nature are optimistic, can-do people. They have never been restricted by caste, class or birth. They are free to pursue their dreams and destiny. To the extent they are willing to commit and sacrifice, they have always been able to improve their lot. That is changing. Hard work, innovation and creativity are pre-requisites for success. Penniless immigrants have [...]
standard Common Sense Video — John Williams Talks Economic Data and The Economic Future
Most readers of this site know what I believe is coming regarding the economy. It is absolutely maddening what is taking place. The government is doing everything it can to keep the current system going. In so doing, they are making problems worse. We will have another Great Depression. The only question is when and how it is triggered. To [...]
standard The Top 18 Economic Documentaries
Any collection of the top anything is open to question. So it is with this post from Munknee.com. There are items that I would have excluded and others that I would have included. I might also quibble with the order, if it reflects order of importance. However, after these usual qualifications, the list below is a good one and worthwhile [...]