Category Archives: Economics

What Trump Gets Right About Trade

Professionals don’t get paid to think.  They get paid to earn a living.  This means that the vast majority of the chatter-class in think tanks, Universities and the media commintariat earn their wares diachronically.  That means they specialize in presenting … Continue reading

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The Democrats, The Wilderness & the Affinity Between Statism & U.S. Business

During a crisis, if one possesses a sufficient enough grasp of identity, you turn outward not inward.  When the Republican’s lose bad they return from the wilderness stronger; having profound moral, political sources, the Republican party hardly suffers from renewal … Continue reading

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The New Mayhem: Low Interest Rates & Rigged Soaring Capital Markets

The exit of England from the European Union will take months if not years to complete, however, any look of indices reveals a staggering confidence born from Central Bank accommodative policy, not consumer spending.  This has all the markings of … Continue reading

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Madison Phones Obama

In the Federalist Papers, number 62, written in 1788, a prescient James Madison wrote the following:  What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful … Continue reading

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Economic Bastards

As time goes by, Dr. Allan Meltzer will be vindicated in his analysis of the great moral failure of the entire American political class’ handling of the ‘Great Recession’.  Dr. Meltzer had numerated his thought in several journals and lectures … Continue reading

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Hardly a Balkanized Federal Reserve

Let’s get power relations straight.  The Federal Reserve is a powerful, even a transnational power.  It is arguably the single most powerful institution on the planet.  It TOO can be defeated, weakened, and brought down.  The impact of weak purchasing … Continue reading

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Deflation: The New Normal.

Let’s face it, the world is getting dangerous, and those with wealth throughout the world are finding U.S. Treasuries.  Capital flows into the U.S. economy has appreciated the dollar.  This along with deflation is a very good sign for American … Continue reading

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Draghi: Hits a Nerve

The collapse of velocity (public spending) throughout the entire European monetary union isn’t something any Central Bank can fix.  This is a structural problem best resolved by politico’s.  Having the Central Bank assume responsibility for political problems that are intrinsically … Continue reading

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Federal Reserve: Out of Ammo, AGAIN.

Myths die hard in America.  So it goes with the idea of the ‘Phillips Curve’ and the belief that an institution can control both labor market activity and inflation simultaneously.  Even though Reagan & Volcker killed this ideological behemoth, the … Continue reading

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The Ideological Drive Animating Policy Convictions Of F.O.M.C.

The Federal Open Market Committee (FOMC) is responsible for setting macroeconomic policy trends in consultation with its chairman.  Why is this significant?  Keynesian thought has overt socialist underpinnings that work at odds with market based trends.  The classic case is … Continue reading

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