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 […]