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Friday, November 21, 2014

Traditional Virtues Perish Under Onslaught Of Deficit Spending And Federal Reserve Loose Money

The Cultural and Political Consequences of Fiat Money

Friday, November 14, 2014

Quote Of The Day

Burke Beu describes himself as someone who grew up in a Democratic family, has been a registered Democrat since age 18 and a Democratic candidate for statewide office in Colorado. In a Wall Street Journal op-ed piece he explains why he is denouncing ObamaCare.

“We say that we are the party of the people, but “the people” too often become a singular, monolithic concept for us. We speak for the people, don’t you know, because we can decide what is best for them so they really don’t need to speak for themselves.”

Keynesian Statistics

From one aspect, Keynesian economics is about aggregating many very different kinds of economic data into single indexes.  It is this which animates the Federal Reserve’s monetary policies, Congress’s stimulus spending packages, and New York Times propagandist Paul Krugman’s never-ending calls for increasing governmental deficit spending.

Thursday, November 13, 2014

ObamaCare Sausage

Like sausage, few people knew everything that was packed into it.

Monday, November 10, 2014

Socialism In Our Time

Liberal-progressive-socialists like President Obama are obviously not as much concerned about glacial economic recovery as are the bulk of our citizenry.  Obama’s attention is riveted on broadening every possible means of regulating every person’s every action, every day.

Keeping everybody, to the maximum extent, on some form of welfare support ands therefore beholden to Washington, means that the aim of socialism - control of all aspects of the economy - is being realized at an accelerating rate. 

ObamaCare is but one of the many Democrat Socialist Party’s policy initiatives aimed at total collectivization and obliteration of the individual rights intended for protection by the Bill of Rights.

Thomas Sowell: Obama’s Weakness, Ineptitude Are By Design, Part Of The Plan

 

Monday, November 03, 2014

Bank Of Japan Still On The Wrong Path

Monday’s stock markets around the world were given a probably temporary bump upwards by Japan’s central bank’s announcement that it was swallowing the Federal Reserve Bernanke pig whole. The Bank of Japan revised its QE3-style fiat money creation target sharply upward.

For an explanation read this Mises.org article, published in 2002, but still on target.

Quote:

After decades of “miracle” economic growth since World War II, Japan’s economy abruptly faltered in 1990 and has stagnated since. Why? Neither the Keynesian nor Monetarist explanations can provide an account. Only the Austrian theory of the business cycle provides the explanation.

Posted by Thomas E. Brewton on 11/03 at 02:48 PM
Economics • (9) Comments
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Friday, October 31, 2014

Political Morality?

Liberal-progressives deny the existence of moral principles, but don’t hesitate to employ moral rhetoric to cudgel those who disagree with them.

Thursday, October 30, 2014

Liberal-Progressive Oppression

Add attempts to criminalize opinions expressed by religious leaders to the list of government oppression that egregiously includes the IRS’s working to put out of business any opinion group that opposes Obama’s reckless, anti-Constitutional socialization of our nation.


SERMONIZING POLS
They choose political correctness over religious freedom.


See also What Motivates Liberal-Progressivism?

Wednesday, October 29, 2014

What Motivates Liberal-Progressivism?

The Case Against Liberal Compassion


The writer probes the sentiments driving individual liberal-progessives’ knee-jerk reactions. 

In politics, however, sentiments are less admirable (if we can consider blind adherence to liberal-progressivism admirable at all).  Politicians supporting the welfare state, on both sides of the political aisle, are merely purchasing votes or rewarding financial supporters.  Politicians who support the welfare state for any other reason are either incompetent or engaging in self-delusion.

Friday, October 24, 2014

The Affordable Care Act (Obamacare) Is Less Affordable

Now There Can Be No Doubt: Obamacare Has Increased Non-Group Premiums In Nearly All States


The National Bureau of Economic Research, created in the 1930s to churn out statistics supporting New Deal socialism, demonstrates that the administration is yet again misleading the public.

The message is loud and clear: socialism does not cut costs or increase efficiency; it merely steals from producers and uses the proceeds to buy votes.