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Wednesday, June 29, 2011

Protestant Church Governance And The Constitution

Robert Curry continues his exploration of Scottish influence on our nation’s founding.

Why Inflation May Explode When Business Revives

The Fed has stupendously expanded the monetary base.  When interest rates begin to rise and banks begin to lend to consumers and businesses, the monetary stock will balloon and consumer and producer prices will soar.

The alternative is the Fed’s draining trillions of dollars of excess reserves from the banking system, raising interest rates to such high levels that the economic recovery will be choked.

Read Robert Higgs’s explanation of the monetary base vs. the money stock.

See also Professor Higgs’s

Monday, June 27, 2011

Fruit of Fed Fumbling And Congressional Irresponsibility

More than half of the world’s central bank managers expect the U.S. dollar to lose its reserve currency status.

 

Posted by Thomas E. Brewton on 06/27 at 08:32 PM
Economics • (1) Comments
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Wednesday, June 22, 2011

John Locke’s Influence On Our Nation’s Founding

Robert Curry, continuing his examination of our heritage from the Scottish Enlightenment, makes the case that John Locke’s role was less significant than that of the Scottish moral philosophers.

Tuesday, June 21, 2011

Liberal-Progressives Teaching America’s Students To Think

Liberal-progressives, beginning with John Dewey’s progressive education in the 1920s and 30s, have opposed students’ learning specific subject matter.  Students are supposed to have “experiences” working in groups, being conditioned for the future socialist society that is rapidly replacing our nation’s original constitutional individualism.  This is what Dewey called education for democracy

Dewey specifically wrote that history is a dead subject that has no place in a modern, progressive school curriculum.

Read Pat Buchanan’s recap of how well socialistic teachers’ unions and Federal guidelines have imposed Dewey’s dicta.

Posted by Thomas E. Brewton on 06/21 at 10:48 PM
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Tuesday, June 14, 2011

Obama’s Sledge Hammer

Liberal-progressives’ nirvana of economic equality can be attained only by reducing production of goods and services and by steadily inflating the money supply.  Obama’s desire to impose cap-and-trade regulation to strangle the coal and petroleum industries and electric utilities is akin to a giant bludgeon that will flatten the economy, making us all equally poorer in the name of social justice.

For a preview of what Obama plans for us if he is re-elected in 2012, read a description of what is already happening in the UK.

Defense Cuts And National Security

Jeff Lukens provides perspective for the debate about reducing Federal deficit spending and its impact upon our nation’s military capabilities.

Government Intentions Gone Awry

Since the imposition of socialism on our nation by Franklin Roosevelt’s New Deal in the 1930s, labor costs have been kept at artificially high levels, imposing an unnecessary hurdle to higher employment.  Democrat/Socialist support for labor unions and minimum wage legislation was intended to help workers, but consistently has had the opposite effect.  Ironically, even the New York Times agrees (up to a point).

Blame in on the ignorance inherent in the materialistic religion of socialism.

Posted by Thomas E. Brewton on 06/14 at 05:31 PM
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In Defense Of Free Markets

Free markets adjust prices to reflect continuously changing supply and demand.  Free markets are a source of true information.  Government interventions such as Obama’s various “green” subsidies, taxes, and regulations, along with the Federal Reserve’s monetary policies, deliberately obscure the truth of underlying supply and demand, aiming to control consumers’ behavior. 

Small wonder that the government’s Keynesian economic interventions have left private businesses uncertain about true underlying market conditions.  Small wonder that the economy remains mired in the worst recession since similarly wide and deep tinkering under the Nixon and Carter administrations.

Posted by Thomas E. Brewton on 06/14 at 04:04 PM
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President Obama’s Muslim Sympathies

The president’s