The solution to unemployment, college expenses, the debt and the deficit is not found in another government program. It is found in less government programs. It is not found in another hand-out from the government. It is found in the American people. It is found in the American character — resilience, hope, determination, perseverance.
The argument against the Chinese model is the strongest because it is both economic and moral. Stern isn’t calling for a change in economic systems, rather a political change. A change from the republic our Founders created to an authoritarian regime that controls a quasi-capitalist market. We already have the capitalism, Stern wants us to adopt the authoritarianism.
Texas tried to do the only sane thing a state could do in the face of the TSA: Ban them. And what happened? A bunch of Feds showed up — probably dressed like mobsters — and threatened to cancel all flights to Texas if the bill passed. What a heart warming story. I wonder if […]
In June and July “economists” and the Fed told everyone to watch out because of a “deflation risk.” Then suddenly, before you could say “Ben Bernanke” everyone is worried about the Fed and their warning of coming inflation. “[I]nflation surely remains a more serious danger than deflation.” Said George Melloan with the Wall Street Journal. […]
The economic trends at the beginning of the year could be called “promising” and current trends could be looked upon as “not-so-great.” Some still find hope that the economy will soon recover, but when recent trends are compared with ones during the Great Depression it gets a little too close for comfort. Last Friday stocks […]
(If you missed the beginning you can still read Part I.) Economist Arthur Laffer pointed in the right direction when he concluded, “For me the issue is how to protect assets for my grandchildren.” To protect one’s assets, Forbes magazine shares some nuggets of wisdom, “asset protection, like a portfolio, should be diversified.” But please […]
“Inflation Hits 44-year Low” read the recent headline. The problem: 44 years ago the U.S. had high inflation. Brian Domitrovic’s book Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity (2009, ISI $27.95) is an excellent introduction to historical economic situations from 1913-1990. Domitrovic goes through the problems, and the solutions (working […]
Goldman Sachs Group Inc., the latest victim of draconian politics. The investment bank was recently charged by the Securities and Exchange Commission (SEC), saying that they, “sold investors a subprime-mortgage investment that was secretly designed to lose value.” Chuck Colson explains, “The SEC charges that Goldman Sachs sold investments containing mortgage-backs securities, which was, and […]
Inflation, to the ignorant, means nothing. To the economist and investor, frightening. What is Inflation? Simply put, the devaluation of a currency. For example, if inflation is 2%, and The Communist Manifesto is worth $1 (it’s really not worth that much), then within a year it would cost $1.02. That seems rather insignificant, but it […]