Browsing All Posts filed under »Economy«

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. […]

The Greatest Movie Line Ever!

September 16, 2012

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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 […]

Obama’s Plan For Financing Healthcare

December 5, 2010

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This is not an idea that is original to the President.   This method is frequently used by State and Local Government to finance Public Education and the building of  “Roads to Nowhere”.     Thanks to Rube Goldberg for his on target assessment of the arcane and Byzantine methods that politicians come up with to  make people […]

The Federal Reserve and the road to Hyper-Inflation

October 18, 2010

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It seems to be a foregone conclusion that Fed Chairman Ben Bernanke will push for another round of Quantitative Easing (Printing more money) sometime after Nov. 3rd.    The Fed seems to think that the risk of unleashing future hyper-inflation is better than allowing the markets to take care of  the Nations current financial woes in […]