The View From 1776

§ American Traditions

§ People and Ideas

§ Decline of Western Civilization: a Snapshot

§ Books to Read

§ BUY MY BOOK

Liberal_Jihad_Cover.jpg Forward USA

Economics

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
Print this ArticleEmail A FriendPermalink

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
Economics • (0) Comments
Print this ArticleEmail A FriendPermalink

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.

Sunday, March 23, 2014

Economics, The Dismal Science?

In the 18th century, when Thomas Malthus posited population growth outstripping growth of food supplies, economics became known as the dismal science.  Economic policy has become more sophisticated since then, but warmth, fuzziness, and immorality have no place in it.

THE IMMORALITY OF PROGRESSIVE ECONOMICS

Monday, March 17, 2014

The Road To Financial Decadence

While you may not share David Stockman’s blanket antipathy toward U.S. military engagement with the rest of the world (I don’t), his recitation of the monetary and economic history of the 1913 to 1929 era is on the mark.

How World War I Paved the Way for the Warfare State


The 1914-1929 Boom Was An Artifact of War And Central Banking


For a more detailed presentation of the economic and monetary history of that period, read Banjamin M. Anderson’s Economics and the Public Welfare.  Mr. Anderson was chief economist of the Chase National Bank during that period.

Saturday, February 22, 2014

Minimum-Wage Mistakes

Nelson Mandela’s lesson for Bill de Blasio (and for President Obama).