 Geithner Fails, Gets Promoted and Taxpayers get ScrewedImage via Wikipedia Image via Wikipedia Barry Ritholtz, in a post entitled Special Inspector General: NY Fed Screwed Up AIG Bailout, argues that the government can’t seem to get it [...] |
 New York State Going SouthImage via Wikipedia As several other states, New York State is going bankrupt. Tax increases are no longer effective as revenue raisers. They serve only to drive people out of [...] |
Friedrich Hayek
The Pretence of Knowledge: The "Pretence of Knowledge" was the title of economist Friedrich Hayek's 1974 Nobel speech. In his f...
Faking Our Way to Sovereign Bankruptcy: As political events in Egypt play out, including likely contagion to other parts of Africa and the M...
Healthcare Vaporizes Obama Presidency: Healthcare destroys a presidency and jeopardizes a political party.
In the fledgling days of the pe...
Government is 79% of the Economy:
Government is 79% of the Economy
Welcome to the world of dysfunctional, bloated and...
Inflation is Inevitable: Inflation is Inevitable
The debate continues over whether inflation or deflation is our fate. I b...
Wisdom: To Whom You Listen Is Important: History Only Rhymes; Optimism Always Repeats
As we move through life, day by day, it is difficult...
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