The Miracles of Man and Nature Will Save Us–If

The House has passed out of committee the Cap and Tax law to reduce carbon and other emissions.  This is in conjunction with and in addition to the CAFE standard increases that have  been announced by the White House to great fanfare.  All of this is done to protect us from ourselves and to save [...]

Political Potshots From the Great Unwashed

The elites over the years have often referred to the common man or public as the “great unwashed public”.   Well, we may not have the sophistication of our betters but we can tell the difference between the real deal and poppycock more often than not.  We get fooled sometimes for a bit but usually sooner [...]

Back to the Future, Again (I’ve read this chapter before)

It is amazing how folks of any generation or era believe they can get everything right because they are the smartest guys in the room and their predecessors didn’t have the depth of understanding that they do.   That attitude is manifesting itself now with the new administration in Washington with regard to their ability to [...]

Mercantilism Modernized?

The direction our Government is taking toward the current economic difficulties brings to mind the intervention of European governments a few centuries ago.  Just today it is announced that another of our largest banks is being granted further aid by the Feds at the costs of billions.  Along the way the Government will also now [...]

Mad Scientists To Run Economy

We have embarked upon a dangerous road of Government intervention into the private market place in the last few months.   The scope and scale of that intervention is staggering.   The Government seems to believe it can run the market and pick the new products we all want.  It has been picking winners and losers for [...]

Overstimulating the Bailing

The headlines are filled everyday with another bailout or stimulus discussion or proposal.  It is really beginning to be hard to keep them straight even for someone like me who does try to stay abreast of these matters.   The array of actions taken or projected to be taken by the Fed, the Treasury and Congress [...]

Big Three bailout or Ch. 11–truth vs. fiction

I listened with great interest to the testimony of the executivies from Detroit and the legislators the last couple of days regarding the Big Three request for a bailout from Washington.   I was particularly taken with the comments by the GM CEO that they have not seriously looked at a bankruptcy Chapter 11 scenario  because [...]