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The US economy: Why the surge in GDP does not herald a recovery
While Obama's ideologically-driven policy of tax, spend, borrow and regulate poses a grave danger to the American economy attention must be drawn to the role that monetary policy as dictated by Keynesianism has played in distorting the economy
Will inmmigration cut real wages?
A great many misconceptions about immigration, population size and the nature of economic growth abound, particularly among businessmen. Unfortunately many economic commentators are not much better
George Soros' economic illiteracy and loathing for democracy
Despite the assertions of his many defenders Soros's understanding of economics is truly abysmal. Moreover, his political activities reveal an authoritarian personality and a withering contempt for democracy
Steve Soderbergh's Che and historical accuracy
Hollywood's love affair with sadistic leftwing thugs continues unabated. Steven Soderbergh and actor Benicio Del Toro's celluloid homage to Che Guevara has got the 'literati' in absolute tizz. It seems that the idea of the heroic Che putting a bullet in the back of a kid's head gives them a better high than snorting coke
Democrats' political suicide pact
In 1994, voters took Clinton and Democrats to the woodshed for 1) trying to 'Mark McGwire' the federal government through imposition of socialized healthcare, and 2) for pushing hard-left social policies to include misusing and abusing the military as a petri dish for San Francisco-style social experimentation. It looks like a rerun is on the way
My snap answer to Mort Zuckerman on how to get America working again
When the president is a Democrat leftwing journalists never cease finding excuses why this or that is not working, especially when it comes to unemployment. Mort Zuckerman is no exception
Open letter to Sebastian Pinera President of Chile
Sebastian Pinera's election as President of Chile could have an energizing effect on Latin American countries, particularly since several presidential elections are likely to lead to changes of government
How an American recession vindicated the Austrian School of economics
One thing is absolutely clear. America's political class and the economic commentariat have learnt precisely nothing from previous recessions. After each recession we get the same old thing: an incessant call for Keynesian nostrums, a cry for greater regulation, and the usual claim that greed-driven markets cause the boom and bust
The Australian Business Council gets it wrong on recessions
Wage rate flexibility can never stop unemployment rising once recession takes hold. From this we can see why implementing the Australian Business Council's scheme of linking wages to profitability in order to avert unemployment would have the unintended consequences of discrediting the argument for free labour markets"
Why mainstream economics is a dead end
There is no such thing as the economy which can be moved by the government and the central bank. It follows then that mainstream economists are engaging in a fiction which they are dressing up by means of various statistical artifacts like Gross Domestic Product. This results in government and its central bank policies that undermine the well-being of human beings
The Party of Abraham Lincoln v. the Democrats' hate machine
The final irony is that the vast majority of blacks have turned against the Party of emancipation and individual responsibility and now support the Party of slavery that imposes dependency and racist quotas. The same Democratic Party that tells them they cannot succeed on their own. A Party whose policies express its own deep-rooted belief that blacks are not good enough to intellectually compete with whites
What has Brown done for us?
A year ago today, Barack Obama was all too anxious to accept his victory and read deep meaning into it. Today, it appears like that is not even willing to acknowledge his incredible defeat of last night, let alone learn from this teachable moment. This is especially true as it relates to his legislative agenda
Democrats' interests are special too
The Supreme Court's decision in favour of free speech has enraged the Democrats. The are now railing against the intrusion of 'special interests'. What they really fear is that their advantage in funding from special interests will be eliminated by the Court's ruling
Obama's chump "change"
"Brown's election was not as much an endorsement of him or his positions on the issues, as it was a furious and unequivocal repudiation of President Obama, Nancy Pelosi, Harry Reid and their positions. Just look at the grassroots, conservative groundswell driving this 'throw the bums out' rejection of the Democratic juggernaut
The US economy: A quick survey of the pathetic, the fallacious and the ignorant
"If business is neither spending nor hiring then government spending will have a negative effect on the economy. As I have said elsewhere, even if business was hiring and spending the Obama administration's spending, borrowing, regulatory, energy and taxation policies will still cripple economic growth
This economy is no rose garden
The same commentators who didn't see the recession until it ran over them and who still cannot grasp what the hell caused the financial crisis are now telling us that happy days are on the horizon and apart from a few troubled spots the Australian economy can now look forward to steady growth and a falling unemployment rate. But falling unemployment is not in itself a sign of a healthy economy
Is China's economy the world's biggest bubble?
While most observers focus on China's asset boom they are missing an even bigger picture. Her massive boom in fixed capital is running its course. Once it is terminated the bubble will burst
No shock: stimulus is a money loser
The results are in, and last year's $787 billion stimulus not only failed to do what it was supposed to do, but it has also turned out to be one of the worst investments in economic history
GOP: It's Sink or Swim in 2010
Republicans remain a center-right country. In fact, a recent Gallup poll established that Americans identify as conservative vs. liberal by a nearly two-to-one margin. So, whose advice will Republicans follow in 2010? Will it be that of a fork-tongued Democratic emissary like Tim Kaine? Or will it be that of the GOP's highly motivated, itchin'-to-vote, grass-roots Party faithful?
Obama's jobs hole
"The unemployment rate will probably rise to about 11 percent. The corrupt mainstream media will have to summon all their considerable journalistic talent to remind the American people in objective news reports that despite the harrowing unemployment numbers, the nation's economy is really in good hands
Things are not looking up for the US economy
Obama's borrowing and spending binge point to an eventual rise in long term interest rates severe enough that if it did not kill off investment it would severely curb it. Sustained economic recovery means capital accumulation. Obama's policies are anti-growth, whether he knows it or not. His green jobs policy is a prime example of gross economic illiteracy and amounts to nothing but a 21st century version of pyramid building that will do as much for the American economy as did the building of the Palace of Versailles for the French economy
Why Bernanke needs to change course to save the US economy
The main source of the current crisis is the Fed's own policies. Once the Fed lowers interest rates and pumps money into the economy, it enables the formation of various false activities, and sets in motion an economic boom. A reversal of the loose stance strangles non-productive activities and sets in motion an economic bust
Doyle is screwing the Liberal Party on green policies
Once again the Liberal Party reveals its total incompetence in dealing with green nonsense and economic fallacies. Robert Doyle proposes destructive green policies and Liberal politicians and their advisors are unable to figure out what's wrong with them
Another interventionist fallacy: unemployment, labour costs and the value-added fallacy
Interventionists and all manner of would-be central planners are utterly clueless about how businesses are run and how markets operate. This ignorance makes these meddlers particularly dangerous to our standard of living
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