Tag Archives: stimulus

The Deflation Bugbear

Dear Friends,   It seems to me, when economists worry about deflation it is like a doctor worrying about a runny nose, they both are concentrating on a symptom, not the underlying disease. The consensus among economists is that deflation … Continue reading

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I Pencil and Complexity Theory

Dear Friends,   It seems to me, the most commonly known analogy in economics is, I Pencil. This narrative shows that the capitalist system produces things of such complexity it would be impossible for a central authority to do it. … Continue reading

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Janet Yellen’s Federal Reserve

Dear Friends,   It seems to me, Obama’s pick to head the Federal Reserve, Janet Yellen, will continue down the treacherous path Ben Bernanke has put the US and the World on. The huge amount of money printing will continue … Continue reading

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Things that Work and Things that Don’t Work

Dear Friends,   It seems to me, no matter how much someone wants a thing to be true, if it is not, it is not, and never will be. The desire of a person bears not a whit on reality. … Continue reading

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The Laws of Economics

Dear Friends,   It seems to me, the laws of physics, (God’s laws) are inviolate, when someone breaks them and is hurt by the result, the person becomes a victim, of his or her own foolishness. The laws of physics … Continue reading

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The Political Age

Dear Friends,   It seems to me that we live in political age. Historians refer to various eras and ages in human history by the predominant source of change, for example, the Iron Age or the Bronze age. Iron being … Continue reading

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Progressive Excuses for Detroit

Dear Friends,   It seems to me willful blindness is the most dangerous form of blindness there is. Those who turn their eyes off, intentionally, subject themselves to every form of invasion of their rights and liberties imaginable, moreover, their … Continue reading

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Bernanke’s Speech

Dear Friends, It seems to me, the economic theater we have been watching this last week, is more about what is known but not said than what is said but not known. Bernanke’s speech after the Open Market committee meeting … Continue reading

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This Scandal Ridden Administration

Dear Friends, It seems to me, President Obama has presided over the most scandal ridden administration since the founding of the United States. His scandals are not only regular but they are profoundly perverse. No other president in my lifetime … Continue reading

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Shysters and Liars

Dear Friends, It seems to me, when a millionaire stands in front of me and claims he is going to hurt the rich and help me, I know I am being lied to. Carneades said, people are like animals, each … Continue reading

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