The View From 1776
§ American Traditions
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§ Decline of Western Civilization: a Snapshot
§ Books to Read
Monday, October 31, 2011
Justice
Schadenfreude is not an admirable emotion. But Jon Corzine deserves his misfortune.
As a Goldman Sachs partner he became immensely wealthy, as did his colleague Robert Rubin, who became Treasury Secretary under President Clinton. Mr. Corzine became a United State Senator, a role in which he did his best to further our national bankruptcy with liberal-progressive-socialist deficit spending. Later, as governor, he essentially bankrupted the state of New Jersey.
Now, displaying the same degree of imprudence, he has driven MF Global, his broker-dealer firm, into bankruptcy. At least he has finally done to his own money what he did his best, as a leading liberal-progressive, to do to the rest of us.
Welfare-State Socialism • (3) Comments • (0) Trackbacks
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Sunday, October 30, 2011
Two Sides To Every Question
Fact and Allah-Gorical fantasy (the delusion that Al Gore is a god capable of determining the world’s climate decades into the future) that verges into deceit.
Liberal-progressives don’t care about the truth. They lust for the power to control everybody else, the power that derives from controlling sources and uses of all the world’s energy.
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Saturday, October 29, 2011
A Prudent Federal Reserve System
President Nixon severed our last link with sound money in 1971, when he arbitrarily took the United States off the Bretton Woods version of a gold standard.
President Franklin Roosevelt began abandonment of prudence in 1933, when he arbitrarily reneged on contractual promises that Federal debts, including paper currency, had to be paid in gold at the holder’s option (see How FDR Destroyed the Dollar). Until 1933, the U. S. dollar was the among the strongest and most stable currencies in the world. With the stroke of a pen, President Franklin Roosevelt torpedoed it. We are still plagued with the resulting inflation.
The Fed’s number one responsibility ought to be insuring a sound dollar. And a gold standard is the surest way to do that.
The Fed, however, must entirely abandon its hubristic, and humanly impossible, presumption of managing the economy and preventing unemployment.
Recreating A Real Gold Standard
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Thursday, October 27, 2011
Sanity Makes a Comeback
Governments no longer can avoid confrontation with the destructive costs of green energy and other forms of rampant environmentalism.
The Great Green Energy Crack-Up
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Mirror, Mirror On The Wall
Who’s the biggest comedian of all?
Joe Biden has to rank near the top of the list of politicians who entertain us with foot-in-mouth contortions. None of the Republican candidates can lay a glove on his almost 40-year record of comical verbal blunders and outright fabrications.
Read the Washington Post’s Biden’s shocking job-loss figures.
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Wednesday, October 26, 2011
The Fed's Policy Blinders And Blunders
The Federal Reserve attempts more than it can accomplish or should attempt, but neglects what should be its primary duty: maintaining a sound dollar.
Economics • (2) Comments • (0) Trackbacks
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Saturday, October 22, 2011
Obama Creates Jobs -- In Finland
Finns call summer the green winter. Maybe that led comrade Obama to give them “green” jobs funding.
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Buying A Pig In A Poke
Just What Is a “Green” Job? Obama’s minions don’t know; it’s just whatever they decide to call “green.” But that doesn’t stop them from wasting money on undefined targets.
Doing so is in the Keynesian economic tradition, which says that government spending on anything, e.g., digging holes and refilling them the next day, re-digging the day after and re-filling ad infinitum, is “investment” in our future that, Obama promised in 2009, will revitalize the economy and drop unemployment below 8%.
It’s in that vein that New York Times socialist propagandist Paul Krugman clamors to increase Federal deficit spending to at least $8 trillion.
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Obama Is A Losing Bet On The Economy
A prominent supporter of the Democrat/Socialist Party assesses the negative impact of Obama administration policies and rhetoric. I strongly oppose the gambling industry in which Mr. Wynn’s company is a major player, but from a purely business and job-creation standpoint, he is on the money.
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Friday, October 21, 2011
The Daily Liar
Democrat/Socialist Party campaign tactic: the only thing you can do is lie when your record in office is disastrous.
Washington Post Fact Checker: Biden’s absurd claims about rising rape and murder rates
The truth: Democrat/Socialists want more deficit spending to go to public employee unions, your tax money that will cycle back to them as union support for liberal-progressive-socialist candidates.
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