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- RT @YousufNazar: Pakistan is Asia’s sick person. Countries have come out of crises much worse than this but it required leadership with vis…@williamholland 1 day ago
Daily Archives: March 9, 2013
Hernando de Soto Defeats Marx: Property Rights, Authoritarian Governments & The Unity of Human Capital and Work
It was John Paul II who grasped more fully than most, the intrinsic value that electric technology had on what was sundered by both the Reformation and the Industrial Revolution, namely the total separation of labor and capital. Now united … Continue reading
Dr. Ronald I. McKinnon: The Arab Spring & Loose Money at Federal Reserve
Don’t expect a synoptic approach from arcane specialists. Arnold Toynbee’s massive 12 volumes on the “Study of History” spells out the social and psychological relation between pusillanimity and the pathetic drive to fine a niche from which to survive. This … Continue reading
The Alternative Gnomes of Macro-finance: Dr. Allan Meltzer & Dr. Gerald P. O’Driscoll Jr.
I just love the contemporary students of Hayek and Ludwig von Mises in the names of Allan Meltzer and Gerard P. O’Driscoll. Dr. O’Driscoll is a former President of the Federal Reserve Bank of Dallas. Both men continue to hammer … Continue reading
Dow Jones Hit’s the Ceiling During Sequestration: How To View A Rising Market During Budget Cuts
The Keynesians at team Obama are good Socialists to believe that any cuts in govmint outlays would damage growth. The logic here is simple: growth in govmint = GROWTH. Philosophically, this isn’t difficult to understand, for the Keynesians come from … Continue reading
Posted in Economics
Tagged Capital, Dow Jones Rises, Equities, Equity, Fairy Confidence, Formation, Growth, Keynesian, Private Economy, Quantitative Easing, Sequester, Spending, Stock Market
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The Sequester: How To Implement Cuts The Smart Way
The Gramm-Rudman Sequester (automatic fiscal budget cuts) in 1986 created lasting cuts in the federal budget, what’s happening these days are not cuts but reductions in the rate of spending. The distinction isn’t dubious, but the chatter class isn’t interested … Continue reading