From the Washington Post: In Pa., Obama pushes for his debt-reduction approach Obama has no “debt-reduction” approach. His only proposal so far is a $1.6 trillion tax increase and elimination of the debt ceiling. He proposes no spending cuts of … Continue reading
October 8, 2008: Since he acknowledges that Roosevelt tried a bunch of stuff that didn’t work, why is he still trying the same stuff that Roosevelt tried? Unless it was his intention to wreck the American economy, the stuff that … Continue reading
The woman of the future is enlightened more by logic and reason than the pure emotional feeling that so characterized the woman of the Democrat party of the last 40 years. The woman of the future is guided more by … Continue reading
Everyone who ever went to college and took Econ 101 became acquainted with Paul Samuelson (1915-2009). His basic economics textbook, Economics: An Introductory Analysis, was first published in 1948 and is currently in its 19th edition. It must the most … Continue reading
The Heritage Foundation has posted F.A. Hayek’s top ten do’s and don’t in a recession. Here’s my attempt to condense them into one sentence: Recessions in a complex free market are normal and constitute a necessary and wonderful self-correcting mechanism … Continue reading
Steve Forbes Nails it on the definition of Keynesian economics in the current issue of Forbes. Not an exact quote but this captures the essence of what he wrote: Keynesian economics is the theory that when consumers don’t spend sufficiently, in … Continue reading