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Economics

Saturday, August 16, 2014

A Critique Of The Fed’s Economic Theory

In two articles, economist Robert Higgs explains why macroeconomic, Keynesian theories, after more than four years, have failed to produced promised results.

Is Macroeconomics Really Economics?


Recession and Recovery
Six Fundamental Errors of the Current Orthodoxy

To read the article, scroll down below the introductory pitch for the Independent Review.

Sunday, August 10, 2014

Pernicious Nonsense

Another gnostic program for social perfection from French socialist academe, the folks who gave us the Reign of Terror, Lenin, Stalin, Mussolini, and Hitler.

Wednesday, July 23, 2014

Obama Remains Bent On Economic Suicide

Obama Take Heed: Aussies Repeal ‘Economy Killer’ Carbon Tax

The best that can be said for Obama and his liberal-progressive supporters is that they are ignorant of economic reality.

The other explanation is that, as worshippers of the collectivized, socialistic political state, they are driven by faith that destroying economic prosperity for the present generation will produce a magically better human condition for future generations.  That’s, of course, the same rationale that led liberal-progressives in the 1920s and 1930s to support Lenin’s and Stalin’s liquidation of tens of millions of Russian citizens.

Sunday, July 20, 2014

Does The Fed Ever Get It Right?

Read these editorials from The New York Sun:

The Missing Data?

The Fed in danger

What if Janet Yellen is Wrong?

Posted by Thomas E. Brewton on 07/20 at 03:54 PM
Economics • (0) Comments
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Saturday, July 19, 2014

No Justice For The Victims

A Modest Proposal for Eric Holder: Back Off the Banks

Posted by Thomas E. Brewton on 07/19 at 01:11 PM
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Wednesday, May 07, 2014

The Fed Aims To Continue Stealing Your Money

2% annual inflation, the Federal Reserve’s current policy target, will produce cumulative inflation of 144% over a normal 45-year working span.  At retirement almost $2.50 will be required to purchase what $1.00 buys today.

Monday, April 28, 2014

Enduring Ravages Of Inflation

Assessment of the chronological data suggests that one of Obama’s campaign themes this year - income inequality - is a product of liberal-progressivism’s embrace of fiat money inflation.

Piketty’s Gold? Editorial of The New York Sun | April 21, 2014

Saturday, April 19, 2014

Strangling Regulation

I have frequently alluded to strangling regulation as a major reason for the glacially slow recovery from the Great Recession of 2001-08, noting that it is a recapitulation of Franklin Roosevelt’s socialistic New Deal tactics.  During the dreary days of the 1930s Depression, everybody was continually being hammered with huge tax increases, and businesses were continually threatened with punitive regulations, along with governmental support for Spanish-style syndicalist, industrial labor unions and nationalization of agriculture.

Obama has bullheadedly rampaged along that same path, with the same result: businesses have feared to invest in new or expanded production, not knowing what future costs and restrictions may be.

Friday, April 04, 2014

Big Government Continues to Strangle the Economy

Latest seasonally adjusted estimates of employment suggest that private employment may, after five years, finally have inched up to levels prevailing in January 2008.  Meanwhile, the Labor Department’s estimate of real unemployment, the U6 measure including people who have given up trying to find a job, is 12.7%, nearly double the 6.7% based on people still in the active labor market.

Read Larry Kudlow’s sumation on why Obama’s policies have placed the biggest drag on economic recovery since the socialistic collectivism inflicted upon the nation by Franklin Roosevelt during the Great Depression of the 1930s.

Tuesday, April 01, 2014

Feckless And Destructive Government Intervention

However well-intentioned the Federal Reserve’s monetary policies, they have done almost nothing to create jobs for ordinary citizens, while greatly enriching Wall Street bankers and stock market speculators.