LMAO
It’s not often I snort coffee through my nose…LMAO! … Continue reading
Monthly Archives: February 2012
The European “Americans”
No one hates you more than those you bail out, redeem, save and resuscitate. Every farthing you hand them reminds them what losers they are, and naturally they hate you because it was your actions that reminded them. This essay will … Continue reading
“No Way Out, No Way Out”
It’s becoming “Federal Reserve Week”. I posted this on the 23d, noting that hubris-laden central banks had replaced legislatures and executives in most western democracies and are running things now; dictating policy to and underwriting the markets and governments. Yesterday, this post detailed … Continue reading
Did Fiscal Stimulus Work?
“Did Fiscal Stimulus Work?” Larry Summers and John Taylor will be debating this topic at Harvard, this Tuesday, Feb 28th, from 4 to 5 PM, in Emerson Hall, Room 105. A note to those of you in the Boston area; wish I could … Continue reading
Ben Bernanke Is Messing With Your Future
Read “The Hubris of Central Bankers” again, then the following to understand that industrial policy, that socialized practice that informs the Five Year Plans central planners love to write, can come not only from ego-inflated presidents but from ego-inflated central … Continue reading
The Canadian Rockies
90 minutes west of Calgary, Alberta on the Canadian Transnational Highway one enters one of the most jaw-dropping places on the planet. Canmore is where you stop to load up with food and wine if, like us, you rent a … Continue reading
Healthcare Revolution On The Way
ObamaCare is an anachronism before it even begins. Assume it’s constitutional, that the SCOTUS finds the individual mandate and the Medicaid mandate so, you know, like really awesome. As Joseph Rago notes in the WSJ Op-Ed below, which incidentally had … Continue reading
Stacking The Deck
If this foreshadows the defeat of the suit brought by 26 of the 57 50 states challenging ObamaCare on Medicaid expansion and the individual mandate, and it very well may, it’s not good news. One of the classic progressive methods for … Continue reading
The Hubris Of Central Bankers
Central bankers have assumed control of every major western economy. Their decisions move markets, paper over bailouts, fund government deficits, buy time. In effect they are the legislature and presidency of most western democracies. In fairness, central bankers have had this thrust … Continue reading
Perspective On Jobs And Education
We are in the deepest and longest jobs recession since WW2. The ones prior to 1990 were short and sharp. See the graphs at bottom for reference. The Teck Bubble recession of 2001 was the previous record-holder, going 48 months, into 2005, before … Continue reading