economic

Our Goose Is Cooked

February 1, 2012

ow many minutes has it been since you heard someone call this the greatest country in the world? How many seconds? Did you agree? Ooops. Was it you saying that? It used to be arguably true. We got accustomed to telling ourselves it was so. We believed it. Many of us, most of us still […]

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Wrong Again

June 28, 2011

Oh, how I wish this were the knockout blow. Sorry, it’s not. Nothing will ever get through the thick skulls of the ideologues. How many times must I tell you? Ideologies are oversimplifications by the intellectually constipated that appeal to the intellectually lazy and are usually wrong? Harsh? Hardly. Regrettably, my vocabulary is inadequate to […]

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Invisible Handjob

April 19, 2011

Please don’t jump to the conclusion that I am a socialist based on this article. Socialism has at least as many problems and inanities as capitalism. Also, it is not the only alternative. Besides, I detest all ideologies. All that I ask is that you not insult me by associating me with any of them. […]

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Bad Is Good

September 8, 2010

John Maynard Keynes said, “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” Ben Bernanke, of the Federal Reserve, tells us that the market will cause the too-big-to-fail banks to get smaller. He assures us that the people who caused […]

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Supply and Demand BS

September 4, 2008

Back in the 1770s, Adam Smith came up with a catchy phrase: the ‘Invisible Hand.’ It made sense, at least in some esoteric, theoretical world. The problem with catchy phrases is that those without any real understanding of the subject latch on to them. To demonstrate their ‘with-itness’ they drop the phrase a few times […]

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