Supply Side Economics From Centuries Ago

With all the bailouts and Stimulus money floating around and the unimaginable amounts of money printed by the Fed being injected into our economy there is renewed debate about the best way to turn our economy around.  Many, especially those in the current administration, tout the idea that we need to keep pouring on the [...]

Stimulus Spending and 1983

Quite often in the last several weeks defenders of the administration’s stimulus plans, bank and auto takeovers, cap and tax and health care reform have made references to how our economy was in 1983.  They especially use the data regarding unemployment from that time to justify the current policies and proposed policies.    Inflation was still high [...]

Message From Europe

The election results are finally tallied from all the recent voting in Europe.  We already know the outcome of the California tax issues elections.  Seems that some one in Washington should start paying attention to these results.  The mantra has been around for a few decades that California leads the way in the US on all [...]

Government, Inc. Grabs Control and Law Be Damned

more at www.olcranky.com
It was with sadness that I have read and heard the latest news from our new seat of Industry–Washington.  The latest proposals now call for even more intrusion into the private sector by the Treasury and/or other regulatory agencies to mandate pay and pay methods for employees of the banks who did not receive [...]

Stress Tests Weak Hearts

I wonder if our free market system still has a heartbeat sometimes.  There is no question that the interventions of Government, Inc. over the last 6 months has severely wounded the vital organ.  Our income tax chief who can’t calculate his own taxes correctly and who also happens to be the Secretary of the Treasury [...]

Dig Deeper and Faster To Escape

Let me get this straight.  It was a credit and debt problem that got us into  financial difficulty.  The credit and debt problem was built upon the foundation of the Government injunction under CORE that banks HAD to loan money to those that weren’t credit worthy because that would promote diversity of home ownership and [...]

Madoff is a retread of free lunch theory

For the past month we have been inundated with news about the Madoff scandal and the implications of its reach.   It is amazing to me that so many people act like this is something new and unprecedented.   From the news reports it would seem that folks merely repeated the mistakes from the past.  They allowed [...]

Stimulus and bailout shell game

As they said in Alice In Wonderland, this gets curiosier and curiosier.   The explosion of bailouts and stimulus proposals and actual implementation is growing so fast that I doubt anyone is able to keep up with them all.  Can you?   What really worries me is that all these “smartest guys in the room” types in [...]

Too Many Hogs at the Trough

Gee whiz, the companies and special interests groups that are demanding part of the “rescue” package continues to grow each day and seems to be expanding exponentially.   The auto Big Three, American Express, some counties and cities are now joining in and of course there is the continuing chorus of clammers from those underwater homeowners who are [...]