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Tuesday, November 26, 2013

Obama’s Appeasement Of Iran

The Obama-Kerry deal reduces sanctions on Iran without meaningfully curtailing its continuing buildup of enriched uranium or its ability unilaterally to return to full-bore production of nuclear weapons.  The deal, from Caroline Glick’s viewpoint, makes sense only as a means further to distance the United States from Israel and to weaken Israel’s defensive posture.

Tuesday, November 19, 2013

Pretensions of The Liberal-Progressive Elite

Do we really need Obama, Nancy Pelosi, Harry Reid, and Mayor Bloomberg to run our daily lives?  Is ObamaCare evidence of superior intellect to be found only among the scientistic, self-appointed gods of liberal-progressive-socialism?

Read ‘Nothing Is so Galling to a People as a Meddling Government’, on the Mises Institute’s blog, The Circle Bastiat.

Tuesday, November 12, 2013

Democrat/Socialist Party Radicals Oppose Both Hillary And The Party’s “Wall Street” Wing

Katrina vanden Heuvel, editor and publisher of The Nation magazine, in her Washington Post opinion column, lays out the radical, left-wing view point: 
The ‘Democratic wing’ of the Democratic Party wakes up.

Founded in 1865, The Nation is this country’s oldest, still-running far-left, liberal-socialist publication.

Monday, November 11, 2013

Confirmation

A Wall Street insider provides support for the message of my earlier post, The Greenspan Put Survives.

Thursday, November 07, 2013

The Greenspan Put Survives

Obama’s nomination of Janet Yellen to succeed Ben Bernanke as chairman of the Federal Reserve was joyously received in Wall Street.  Reassured that the “Greenspan put” (the readiness of the Federal Reserve to pump fiat dollars into the financial system to shore up stock and bond prices) remains in force, stock and bond market speculators turned on a dime and pumped the markets back up after word of Yellen’s nomination.  Financial market speculation will remain a no-risk game as long as the Greenspan put survives; speculators can be confident that they can borrow whatever amounts they need, at far-below-real-market interest rates.

Posted by Thomas E. Brewton on 11/07 at 08:39 PM
Economics • (6) Comments
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Sunday, November 03, 2013

Fed Fabulation

Janet Yellen, recently nominated to succeed Ben Bernanke as Chairman of the Federal Reserve, is credited with establishing the Fed’s official policy target of 2% annual inflation.

Friday, November 01, 2013

C.S. Lewis and ObamaCare

The Wall Street Journal’s October 31, 2013, Quote of the Day:

From C.S. Lewis’s essay anthology “God in the Dock” (1948):

My contention is that good men (not bad men) consistently acting upon that position would act as cruelly and unjustly as the greatest tyrants. They might in some respects act even worse. Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. They may be more likely to go to Heaven yet at the same time likelier to make a Hell of earth. This very kindness stings with intolerable insult. To be ‘cured’ against one’s will and cured of states which we may not regard as disease is to be put on a level of those who have not yet reached the age of reason or those who never will; to be classed with infants, imbeciles, and domestic animals.