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Monday, January 31, 2011

Once Again Stimulus Spending Doesn’t Work

Why did Keynesian economics fail to produce advertised results?

Posted by Thomas E. Brewton on 01/31 at 01:29 AM
Economics • (4) Comments
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Sunday, January 30, 2011

QE2 In Tones Of Gray

James Pethokoukis’s analysis on the Commentary website of the Fed’s QE2 monetary policy, The Problem with Printing Money, is a fairly evenhanded discussion.

A couple of quibbles:

One, Fed chairman Ben Bernanke is not “the foremost academic expert of his generation on the causes of the Great Depression.”

Two, Bernanke is completely wrong.  Tightening of the money supply by the Fed in 1927 did not cause the Great Depression.  The cause was the Fed’s six-fold expansion of the money supply in the preceding five or six years, which led to the same sort of boom misallocation of economic resources as occurred in the recent housing bubble.  The housing bubble was equally the result of massive over-exapnsion of the money supply by the Fed to support the stock market.

Posted by Thomas E. Brewton on 01/30 at 12:49 AM
Economics • (1) Comments
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Obamacare Is Bad For Labor Unions

Where’s Our Waiver?

Saturday, January 29, 2011

The Socialist Daily Worker - January 29, 2011

A “War on Demand” or a War on Reason?

Posted by Thomas E. Brewton on 01/29 at 11:43 PM
Economics • (0) Comments
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What Is Investment?

Liberal-progressives employ a special definition.

Posted by Thomas E. Brewton on 01/29 at 10:53 PM
Economics • (1) Comments
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Obama Seems Tone-Deaf On The Budget Deficit

Charles Krauthammer’s reactions to the State of the Union address.

Ship Of State’s Helmsman Out In Left Field

The Washington Post’s liberal-progressive columnist Ruth Marcus writes that the state of the union is ... leaderless.

Wednesday, January 26, 2011

The Obama State Of Mind Address

Despite rhetorical gestures in the direction of American individualism, the statist paradigm of government permeated the president’s State of the Union address.

The Python’s Coils

The Federal Trade Commission vows an aggressive expansion of its control over the US economy..  Competitiveness, for Obama, means killing private enterprise and converting economic activity into replicas of Government Motors under labor union control.

 

Tuesday, January 25, 2011

Learn To Love Big Brother

Having Obama in the presidency is like sleeping with a hungry python in your bed.

He’s cold and deadly, but increasingly you will have no choice.