Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for New York Times

The New York Times Today and Revisionist History

Ever wonder how today’s fools would have viewed history as it was developing? What might the coverage of the New York Times look like during World War II if the current loons were reporting then? This is one person’s perspective as to what coverage might have looked like in 1943: IF TODAY’S NEW YORK TIMES [...]

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The Broken Window Fallacy

The “Broken Window” fallacy was exposed by Frederic Bastiat over 150 years ago. It never fails to reappear every time there is a natural disaster. The fallacy is a marker of intellectual IQ. Those who commit the fallacy should not have any credibility, especially with regard to economics. Bastiat explained how those who saw a [...]

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Bagger Obama Sans Mysticism

I reviewed one of my posts that appeared more than two years ago on Barack Obama. This post likened him to Bagger Vance, the mysterious and mystical golf caddie of movie fame. The analysis, comparison and characterizations of the then relatively new president have weathered the passage of time well. Subsequent events support many of [...]

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China Collapse?

The Daily Bell provides an overview of China’s real estate market which they (and others) claim has already collapsed. This collapse is expected to bring  down the Chinese economy and what remains of the world economy. Here is an excerpt from the article: And here is some of the text that accompanies the video below [...]

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Virtually every Western Democratic Government is insolvent.

Virtually every Western democratic government is insolvent.  And governments utilized the same practices as General Motors to reach this point. In GM’s case, poor management was exposed by Honda, Toyota and other foreign competitors.  In government’s case, the same poor management provided by Santa Claus politicians provided the damage. They continuously promised and implemented “bread [...]

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