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- Keynesian thought is utopian
- The Don gets his phone calls returned
- The Mullah’s go mum
- Digital mediums & the wrought return of the nation state
- Nawaz Sharif’s dynasty in Pakistan halted
- Lenin: storm chaser
- How to read the Mexican election
- The African continent & the state of capitalism
- Trump & Iran: presage to permanent emnity
- The Moral, Strategic Bankruptcy of Arafat
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Category Archives: Budget
Why the Debt Ceiling Matters: Currency & Goverance Regime Matters
In national emergencies Congress can exceed tax expenditures and run deficits. What Reagan taught was simple, the deficit itself is not the problem, but the depth, the reach and scope of government on civil society IS. This is why confiscatory … Continue reading
Posted in Budget
Tagged Budget, Debt ceiling, Economy, GDP, gimmicks, Inflation, treasury debt
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The State Pension Blow Out
When Meridith Whitney, the Chief Investment Officer for Kenbelle Capital CP published “Fate of the States: The New Geography of American Prosperity”, most folks never really questioned the contractual obligations states have; the mantra out of union leadership was that … Continue reading
Posted in Budget, Pension Reform
Tagged Bankruptcies, City, Federal, Obligations, Pension Reform, Pensions, State, Unions
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Income Inequality & GOP Initiative
Secular stagnation is deliberate obfuscation. It locates any “difficulty” within the business cycle itself, absolving the very policy makers from having to admit failure. It didn’t work for the Mayans, it will not work for progressives. Being reluctant to admit … Continue reading
Posted in Budget, Economics, Uncategorized
Tagged Budgets, debt, Economics, inequality, liberalism, Obama, progressive ideology
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What Ails Amerika: The Fix is In
The numerous monetary and institutional constraints that continue to roll out as crisis’ don’t really speak to what really ails Amerika, namely our insurmountable fiscal political disorder that has become American liberalism. The tipping point usually begins when Treasury debt-to-GDP … Continue reading
Posted in Budget, Economics
Tagged Federal Reserve, Low Interest Rates, Treasuries Bureau of Public Debt, Treasury Swap
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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 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