Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
The left have rightful grudge against corrupt government actions; all the while they maintain a childlike belief that government will act in their best interests if only there was just more government. It is mind baffling to see such an anemic argument by a large group who has no in-depth understanding about the difference between corporatism and free market or how government discredited capitalism.
As the Obama agenda proves increasingly impotent, Americans have witnessed Obama's czars crash and burn or run for cover over the past thirty months.
Tone-deaf is one thing; incompetent is another. There’s a fine line between the two and they are often confused. If there was any doubt about which camp President Obama belongs to, it has been removed this month.
They strained might and main to raise taxes on the rich most of this year- which conservatives opposed- yet now, by appointing Krueger as the new czar of the Obama whackosystem, they seem to be signaling that they will be willing to compromise by agreeing to raise taxes on everyone, rich and poor alike.
Boy the old liberals seem to have become awfully quiet recently. I guess that happens when your president’s approval rating dips to 35 percent in Pennsylvania. Maybe people still rely on coal in Pittsburgh.
Instead of trying to use the government as a heavy club, why not use jujitsu and allow inertia to transform us economically? Obama has wielded the heavy club since taking control and has nothing to show for it. We are worse off.
Perhaps the most attractive feature of migrating our automobiles to compressed natural gas would be transferring the investment of capital and jobs into the American economy, finally breaking our foreign oil dependence.
To quote the infamous Howard Beale of Network fame “I’m mad as hell and I’m not going to take it anymore.” Do the media, politicians, market analysts, and the general public always have to drink the Kool-Aid?
The various courts and activist judges across America certainly give us plenty to fret about, but in just the last few weeks three separate federal courts rendered decisions to give conservatives plenty to cheer about and give the Obama Administration and the "progressive" left a bad case of heart burn.
It was war that started the recovery, not the policies of Roosevelt. That statement may sound contrary to Austrian economics but it's not.
Departing Council of Economic Advisers chairman Austan Goolsbee defends Obamanomics. I push back. But he's for pro-growth tax reform. I'm for it. So where's the President?
Aside from the nervous reality of a communist country going out and buying the "means of production" around the world, the truth is that these kinds of purchases are increasingly insulating China from its inevitable future losses on the U.S. dollar, and the unsustainability of the current model where it exports trillions of dollars worth of products to countries around the world that finance those purchases by borrowing money from China (or by printing money).
If you're looking for emotional support in these terrible economic times, if you'd like someone to put their arm around your puny shoulders and assure you that everything is going to be all right, then you'd better stay far, far away from the latest book by Larry Winget.
Gotta love the Democrats when they pass laws that don’t even attempt to solve the problems the laws were intended to address in the first place. If they solved problems then they wouldn’t get to write the outrage letters.
The biggest problem for the plunging stock market is coming out of Europe. Fears over the safety and solvency of European government debt and banks are haunting the stock market. I still don’t believe it’s 2008. But yes, like everyone else, I’m worried.
When he told us that the low-interest-rate environment would last through mid-2013, Ben Bernanke had his Pontius Pilate moment. He symbolically washed his hands of whatever shall become of the U.S. economy.
The collapse in sentiment of all kinds continues. Concern over jobs and unemployment are at the top of the list of worries.
It’s interesting to recall after the savings and loan crisis of the 1980s and 19990s, hundreds of people were indicted and many went to jail. Now, in the so-called aftermath of the credit crisis, no significant person has been either indicted or jailed. Maybe that’s because we haven’t yet reached the aftermath, it’s only just begun.
The presidential candidate who once promised that he’d never, ever raise taxes on anyone making less than $250,000 has become the president who has proposed another set of tax increases that will be felt most acutely by the poor and the middle class.
The Wisdom of Bastiat, as Revealed by Great Moments in Federal, State, and Local Government | Daniel J. Mitchell