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Friday, April 29, 2011

Epicurean Liberal-Progressivism

Liberal-progressives, in effect, are saying eat, drink, stay drunk.  Forget about future generations, or even about tomorrow.  Just keep imbibing and you may be able to stay intoxicated forever, without having to pay for it.

Read Mark Steyn’s thoughts about the national debt ceiling.

Liberal-Progressive Social Justice Crushes Black Employment

Read Thomas Sowell’s articlee about Walter Williams’s latest book.  Professor Williams, by the way, is a black economist.

Posted by Thomas E. Brewton on 04/29 at 10:14 PM
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Assessing Obama’s Foreign Policy

Liberal-progressive doctrine requires punishing the United States by diminishing its economic and political power on the world stage.

Keynesian Bleeding

Keynesian economic doctrine is analogous to the medical profession’s lethal use of bleeding in earlier ages to cure illness: it makes practitioners feel knowledgeable, but it’s likely to be fatal to the patient.

Posted by Thomas E. Brewton on 04/29 at 04:50 PM
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Thursday, April 28, 2011

Ignoring The Problem Won’t Cure It

A New York Sun editorial fingers the flim-flamery in Mr. Bernanke’s studied ignorance of the inflation that the Fed’s loose money policy is creating.


In any event, it

Posted by Thomas E. Brewton on 04/28 at 01:25 AM
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Command Economies vs. Individual Creativity

Robert Curry reminds us of a simple fact, overwhelmingly demonstrated by historical experience: no single person or intellectual elite can possibly know enough to direct all economic activity creatively and efficiently.

Posted by Thomas E. Brewton on 04/28 at 12:05 AM
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Sunday, April 24, 2011

Inflation At The Gate, The Fed Talks About Deflation

While flooding the banking system with excessive amounts of fiat dollars, Fed Chairman Bernanke has talked endlessly about the need to avert deflation.  Unspoken was the real reason: promoting inflation - robbing retirees and working people who are saving to support their retirements - in order to fund mounting federal debt.

Saturday, April 23, 2011

Stealth Inflation

Does the federal government deliberately under-report inflation, as measured by the core CPI, the Fed’s favorite, in order to facilitate monetizing the federal debt?

Posted by Thomas E. Brewton on 04/23 at 10:50 PM
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The Price We Must Pay

Democrat-Socialist Party leaders are so firmly convinced of the rectitude of socializing the nation’s economy that they willingly subject us to unprecedented deficit spending, crushing national debt, and rapid devaluation of the dollar.  Wiping out the middle class’s savings via inflation is, in the estimation of Obama and Pelosi, a reasonable price to pay for regulatory control of your life.

Read The Silver Bullet?, an editorial in the New York Sun.


It turns out that if we price gasoline in ounces of silver, we discover that it has been falling in value. That is, a gallon of gasoline on the day President Obama was sworn in was worth about a sixth of an ounce of silver. Today, the value of the same gallon of gasoline has fallen to less than a 10th of an ounce of silver.

This is something to remember next time you pull up to the pump and get ready to pay four greenbacks for a gallon, if you can even find gas at the $4 price Mr. Obama quoted in his weekly radio address. It

Friday, April 22, 2011

The Dollar: Look Out Below

The dollar continues its rapid slide, measured against a basket of other currencies.  It’s not that U.S. officials are asleep at the switch.  They are actively pushing to inflate the dollar as a means to finance our accelerating deficit and massive public debt.

Standard & Poors fired a warning shot across the bow of the Treasury and the Fed, downgrading the outlook for the dollar.  Now emerging economies around the globe are coming together to develop an alternative currency to the increasingly worthless dollar. 

See Developing Countries Plan to Challenge U.S. Dollar on The Fiscal Times website.

Posted by Thomas E. Brewton on 04/22 at 11:30 AM
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