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Saturday, January 31, 2009

ScrappleFace Describes the President’s New Tax-Collecting Procedure

Read Obama Plan Has Already Boosted IRS Tax Collections.

Now, if he can just persuade Congressman Charles Rangel to apply for a cabinet post…

Friday, January 30, 2009

Sam Adams: A Puritan Founder

Read the commentary on the recently published Samuel Adams: A Life, by Ira Stoll, on the First Things website.

Thursday, January 29, 2009

Martin Feldstein Weighs In

Harvard economist Martin Feldstein thinks that the House’s stimulus program will be mostly ineffective.

Wednesday, January 28, 2009

The Stimulus Plan’s High Cost / Benefit Ratio

Read Alan Reynolds’s $646,214 Per Government Job: Spending where unemployment is already low.

Posted by Thomas E. Brewton on 01/28 at 11:13 PM
Economics • (3) Comments
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Stimulus, Or Squealing Pork?

Only about 12% of the proposed $825 billion stimulus bill will go for purposes that arguably may stimulate job creation.  The rest is additions to standard welfare-state handouts.  More than $265 billion, 32% of the total, is transfer payments, i.e., the government takes $265 billion of your taxes and gives the money to someone else, for a net effect of zero in economic stimulation.

Read the Wall Street Journal’s editorial analysis of the proposed stimulus plan.

Tuesday, January 27, 2009

The Next Economic Storm?

Read the disquieting Future of Gold on the website.  Naufal Sanaullah gives a wealth of background analysis to support his belief that the Fed will soon be compelled to dump onto the market massive amounts of fiat dollars hidden, for the short term, on its balance sheet.

Posted by Thomas E. Brewton on 01/27 at 12:04 AM
Economics • (8) Comments
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Monday, January 26, 2009

President Obama’s Foreign Policy “Change”

So far it appears that the President’s stance toward Israel will be a repetition of the same old, failed policies of the past.


Sunday, January 25, 2009

Rush Limbaugh Responds to President Obama

Posted by Thomas E. Brewton on 01/25 at 04:58 PM
Media & Opinion • (3) Comments
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Why Government Is The Problem

As Friedrich Hayek noted (A Free-Market Monetary System), government monopoly of the right to issue currency is the ultimate source of our economic miseries.


Posted by Thomas E. Brewton on 01/25 at 12:44 AM
Economics • (13) Comments
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Saturday, January 24, 2009

Social Justice As Foreign Policy

President Obama and Secretary of State Hillary Clinton reportedly believe that the key to world peace is an international welfare state to equalize wealth distribution worldwide.