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Browsing All Posts filed under »Economy«
An Economic Disaster Of Our Own Making
“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
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
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
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
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
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 […]
January 20, 2013
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