Monty Pelerin's World

Image via Wikipedia Keynesian economics is mostly a fraud and always has been. It has little theoretical basis and no empirical support. I have posted on this topic before, most [...]

  Government is 79% of the Economy Welcome to the world of dysfunctional, bloated and insolvent government. CNBC recently reported on delayed income tax refunds: “…  cash-strapped states such as [...]

December tax results disappoint. This from the Wall Street Examiner: Month to date tax receipts are now in for the entire month of December. They’re down 7.7% from December 2008, [...]

Image via Wikipedia Rosenberg is Right-On. Here is his daily email with links to the full piece. The only part that I might take issue with is his contrarian play [...]

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Friedrich Hayek The economic programs and policies currently [...]

Image by Seattle Municipal Archives via Flickr David Rosenberg posts today on unemployment, estimating it going up to 12 – 13%, as measured by U3. It is currently 10.2%. Another [...]

Image by akseabird via Flickr Image via Wikipedia Apparently things are so good that we are going to make them even better. Are we back in Alice in Wonderland? If [...]

Investors Business Daily opines that “Big government threatens our well-being with irresponsible health care “reform,” higher taxes on entrepreneurs, a tax-filled cap-and-trade energy bill, a host of new business-strangling regulations [...]

One person’s take on the positive GDP figures. CHART OF THE DAY: Cash-For-Clunkers MASSIVELY Distorted GDP Vincent Fernando and Kamelia Angelova|Oct. 29, 2009, 2:13 PM | 172 | Print Tags: [...]

Image by inspecie.co.uk via Flickr Despite the rally today, up well over 100 Dow points as I write this, caution is in order as discussed in this link from Paul [...]

Caroline Baum’s latest post at Bloomberg: If Government Pays Us to Spend, Then Spend We Will: Caroline Baum The declines in employment and real personal income less transfer payments are [...]

Image via Wikipedia A rosy assessment by Bloomberg. Their assessment of growth is reasonable; the statement that “… government stimulus helped bring an end to the worst recession since the [...]