Browsing All Posts filed under »Macro Economics«

Beware of Liberals Touting Collectivism and Seeking Higher Taxes

January 24, 2013

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The following is an analysis by John Gray, professor emeritus at the London School of Economics: “One of the features that distinguished Bolshevism from Tsarism was the insistence of Lenin and his followers on the need for a complete overhaul of society. Old-fashioned despots may modernize in piecemeal fashion if doing so seems necessary to […]

An Economic Disaster Of Our Own Making

January 20, 2013

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“The quality of U.S. fiscal institutions has deteriorated. Recent actions by Congress and Presidents indicate no willingness to recognize limits to debt and to engage in fundamental fiscal reform. They have reacted to each deadline, such as the recent fiscal cliff, by taking minimal action and delaying fundamental reform that would stabilize the debt ratio. […]

Are Things Today Really That Bad?

January 25, 2011

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The economy is depressed, people are out of work, real estate is in the tank and people are just generally fed up with a declining standard of living and the politicians that have caused most of the problems.   If this is your view of life in the twenty first century, let us consider what life […]

A Lesson From The Not So Distant Past

January 4, 2011

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This is Rudolf Havenstein. The name probably means nothing to most people. However, during the hyper-inflation in Germany that commenced after WWI.,  this man was the President of the German Central Banking System.  He held essentially the same position that Ben Bernanke holds in the U.S. today.   When Germany needed more money to fight WWI. […]

From Whence Cometh The Rage?

December 19, 2010

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The news this week, as every week,  is full of stories about people venting their rage against their fellow-man.  An individual walked into a school board meeting, drew graffiti  on the wall and then pulled a gun and shot at school board members from point-blank range. We hear of road rage with people taking shots […]

National Policy Choices And An Uninformed Majority

June 9, 2010

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Recently Zogby International conducted a survey to measure which group of voters were more knowledgeable about the economic policy choices facing the United States.  Those questioned were asked if they considered themselves to be Liberal, Moderate or Conservative. They were also asked their political affiliation or party choice either Democrat, Republican or Independent. They were […]

Ford Announces It Will Discontinue Mercury

June 3, 2010

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One of the saddest days in American automobile manufacturing history occurred this week as Ford Motor Company has announced plans to drop its Mercury line.  Maybe its just nostalgia on my part that makes this news so sad. The Mercury line has not been profitable for many years, but back in the early and mid […]

Libertarians And The Temptation Of The Gold Standard

May 25, 2010

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The people who are part of the Tea Party come from many perspectives on the political spectrum and are not all lock step in their ideas of what needs to be done about our national economic dilemma,  however an inordinate number of individuals in the Tea Party seem to be of a Libertarian bent and […]

Economic Chaos, Three Possible Solutions

May 8, 2010

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It would seem that the recent economic crisis enveloping Greece is merely a preface to what is to come in many of our States and eventually to the U.S. as a whole. Our deficits are staggering and unsustainable. As I see it we have three choices, none of which are ideal.  Solution 1. We raise […]

The Trouble With Utopias

February 13, 2010

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“Boredom is the chancre of utopias” .       Schopenhauer

Senior Paradox No.1

January 9, 2010

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A Senior Discount, by definition, is a 10% Bonus for being unproductive. Conversely it is a 10% Value Added Tax on those unlucky enough to be young.

Retirement Truth No. 2

January 9, 2010

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If you are talking to someone who says, “I don’t know why anyone would want to retire’? “I have to stay active and productive”, “I’ll always have a job”. You are talking to some middle management type who has no pension.

A Retiree’s Financial Portfolio

January 8, 2010

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As an astute Retiree you should have two things and two things only in your Financial Portfolio.    1. Cash  2. Series I, Inflation Indexed Savings Bonds. As regards Stocks:  If you had been heavily invested in Stocks, you wouldn’t be retired.

A Senior Citizen without a coupon is like a cop without a badge

January 7, 2010

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A Senior Citizen without a coupon is like a Cop without a badge. What a great thing it is to have the time to seek out restaurant coupons in these bleak financial times. My wife and I will never eat out anywhere unless we have a “Buy one meal and get the second meal free” […]

Kierkegaard’s clown and fiscal responsibility

October 24, 2009

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The philosopher Soren Kierkegaard wrote a parable about a fire breaking out backstage in a theater. The Clown came out to inform the public. They thought it was just a joke and applauded. He repeated his warning and they just laughed and clapped louder.  The point of the parable is that the greatest of disasters […]

Sending Seniors Down The River Styx

October 23, 2009

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In Greek myth the river Styx ran through Hades. The river, it was said , was so foul that to drink of it brought instant death. It was a crossroads where the world of the living met the dead. To cross the river Styx was usually a one way trip. As I read about the […]