EDITORIAL
Showing 4051 - 2 of 2
February 20, 2014
As a starting point, I assume readers do not engage in the initiation of force, including theft. You may refrain from doing so because of a moral code or from a respect for rights. But, at least for me, the admonition not to steal isn't written in stone. I hold ...
February 19, 2014
How can someone present an analysis showing that the US is shifting "left"? There is the matter of the "tea party" movement that, in this Internet era, has shoved many voters toward libertarianism. And then there is the widespread dissatisfaction with Barack Ob ...
February 19, 2014
We just mentioned Keystone yesterday within the context of the controversial North American Union, and here it is again in the news. In fact, this article is full of hints about the NAU that is so staunchly denied by the officials of the US, Canada and Mexico. ...
February 19, 2014
I wish to revisit Mr. Obama's clunker program. There are lessons in there that are worth revisiting. Most have no time to consider the big picture so when the clunker program came their way, they thought only of the immediate consequences. It all reminded me of ...
February 18, 2014
Mitch McConnell, the mild-mannered Senate minority leader, posted the above editorial at Reuters to memorialize the incompetence of the Obama administration in announcing to the world that a US$800 billion "stimulus package" would create the jobs the US needed ...
February 18, 2014
One has to give globalists credit for continuing to promote the global warming meme. After 17 years without a temperature uptick, after a series of exposés that show the warmist position was manufactured by a handful of supporters with a chokehold on journal p ...
February 18, 2014
As the American people contemplate the future of their health care system with the implementation of ObamaCare, it is, perhaps, useful to look backward and briefly recall the origin and early history of government-managed national health care in the country whe ...
February 17, 2014
Here is an article posted at Reuters that informs us that the economy is doing so well that "the world can finally see evidence that the extraordinary monetary and fiscal policies of the post-crisis period are starting to work as intended." When one is exposed ...
February 17, 2014
We have asked why, when Indian and Chinese consumers queue regularly to buy gold bullion with seeming desperation, the Western press – and the investment community – continually degrades the value of gold and the necessity of holding it. Manipulation seemed ...
February 17, 2014
Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at the Federal R ...
February 16, 2014
There can be little doubt that Friedrich A. Hayek was one of the most profound and important economists of the 20th century. In my humble opinion, I consider Mises and Hayek to be the two greatest economists of our time. Whether as a monetary and business cycle ...
February 15, 2014
Exciting times. Marijuana decriminalization and legalization is moving quickly. Most recently, as was reported yesterday, the US Justice Department announced that banks and other financial entities could participate in the burgeoning marijuana industry without ...
February 14, 2014
This is a somewhat shocking article appearing at Bloomberg in that it is not a hagiography of former Federal Reserve Chairman Ben Bernanke but a fairly clear-eyed criticism. Because this intermediary business cycle has not yet come to a thudding halt, there is ...
February 14, 2014
This seems to be a week for the mainstream media to speak plainly about the Afflictions of the Age (see other article on the Fed, this issue). This article does something that is not usually done: It questions not just the euro but the viability of the EU itsel ...
February 14, 2014
The protests in the western Ukraine are organized by the CIA, the US State Department and by Washington- and EU-financed Non-Governmental Organizations (NGOs) that work in conjunction with the CIA and State Department. The purpose of the protests is to overturn ...
February 13, 2014
Print, print, print. Miles of newsprint have been wasted writing about "tapering" and "tightening" when, in fact, there is none. Yesterday, new Federal Reserve chair Janet Yellen made it clear in what Bloomberg called "interminable" testimony that the Fed inten ...
February 13, 2014
We agree with this editorial! US citizens SHOULD go abroad. (Maybe they would stop calling themselves "Americans," as America is putatively a continent not a nation.) In any event, they would surely find travel "broadening," just as this article suggests. The U ...
February 13, 2014
They may be the two most famous lines in economic history and they carry much the same message. In An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith (1723-1790) wrote, "It is not from the benevolence of the butcher, the brewer, or the b ...
February 12, 2014
This article confirms what we've been predicting since we opened up the new and improved Daily Bell within the umbrella of High Alert. There is going to be no real diminution of Federal Reserve money printing, though this will be the mainstream media narrative ...
February 12, 2014
John Boehner and the Republican Party are gradually falling apart. What Boehner should do is paralyze the ship of state by refusing to provide the fuel. But over and over he hoists the can, carries it to the cap, unscrews it and pours, further fueling the engi ...
February 12, 2014
Many objections can be raised against minimum wage laws but the most important of them is that such laws amount to restraint of trade. If I want to work for a wage someone is willing to pay me, that should be the end of it unless this work amounts to the violat ...
February 11, 2014
The destruction of Switzerland's culture and borders has halted for a moment with this vote against immigration. One does not need to be "conservative" or racist or anything else to believe that politics and regulatory democracy should not determine immigration ...
February 11, 2014
We became aware of this meme several years ago because of the ongoing fixation with "medical marijuana." Over time, we've watched the meme grow into a full-fledged dominant social theme. This article in USA Today is a good example of how entrepreneurial enthusi ...
February 11, 2014
Seventy-eight years ago, on February 4, 1936, the British economist John Maynard Keynes (1883–1946) published what soon became his most famous work, The General Theory of Employment, Interest, and Money. Few books have, in so short a time, gained such wide in ...
February 10, 2014
Oh, this is a funny article, making the case that US exceptionalism is subsiding. What makes the article funny is the way exceptionalism is described. The exceptionalism that exists in the US was defined by President Barack Obama when he answered a question abo ...
February 10, 2014
Last week, we posted an analysis of a US State Department leak in which it was revealed that Assistant Secretary of State Victoria Nuland was contemptuous of European Union efforts to support a resolution of the Ukraine political and economic crisis. We explain ...
February 10, 2014
President Obama's state of the union pledge to "act with or without Congress" marks a milestone in presidential usurpation of congressional authority. Most modern presidents have used executive orders to change and even create laws without congressional approva ...
February 09, 2014
Jeffrey Tang: China is heading for major restructuring. The twin engines of growth, export and construction, have both hit the wall. When major internal events happen, it will be so overwhelming that no external events will be able to distract attention. The ec ...
February 08, 2014
Over and over, the common wisdom is offered as if it were new or valuable. A recently published Reuters editorial is a good example. Entitled, "A crash course in growth economics," it recites all the Keynesian dominant social themes we're used to hearing and re ...
February 08, 2014
In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated. On several recent occasions gold h ...
February 07, 2014
This Reuters editorial makes many points that we've made in the recent past about the Tea Party. We've argued, in fact, that the Tea Party in its more inchoate form is a force to be reckoned with not just for the Republicans but for the Democrats as well. That' ...
February 07, 2014
This article shows us once more that the practice of statecraft is becoming more difficult. All high officials in the West and probably throughout the world are tapped ... and this is the age in which we live. But what makes this article worth analyzing is what ...
February 06, 2014
Lord, help the poor. Senator Elizabeth Warren wants to give them over to the tender mercies of the US Postal Service. This most inefficient of agencies filled with self-loathing employees and merciless unions is now to be specially dedicated to helping poor peo ...
February 06, 2014
This Telegraph article explores the necessity of World War I. The war is beginning to receive a good deal of attention because it began on July 28, 1914 and thus, the 100-year anniversary is imminent. We have expressed in the past that we have a good deal of tr ...
February 06, 2014
The libertarian publisher R.C. Hoiles insisted that the editorial page of his flagship California newspaper The Orange County Register was "a daily school room made available to its subscribers." In that schoolroom Hoiles taught what he called "voluntaryism." A ...
February 05, 2014
This is an interesting article because it shows us agendas that may lurk behind the headlines. Usually the agenda is a globalist one, and in this case it may be as well. Here is how the article ends: "It is surely time to forge an Emerging Market Bloc strong en ...
February 05, 2014
This is a very disturbing article, but one that could surely be accurate. It is apparently based on a report from the AP that puts Scalia's comments in a more speculative – hypothetical – light, as follows: Avi Soifer, the law school's dean, said he believe ...
February 05, 2014
Public education is nearly a fixture not only in this country but nearly everywhere in the Western world. It is pretty much agreed by most concerned parties that children need to be placed into school, starting around age 6, and kept there to be provided with s ...
February 05, 2014
Supply-side economics is an innovation in macroeconomic theory and policy. It rose to prominence in congressional policy discussions in the late 1970s in response to worsening Phillips curve trade-offs between inflation and unemployment. The postwar Keynesian d ...
February 04, 2014
Again, we are exposed to debt limit warnings. In truth, the US Treasury Department along with the Federal Reserve can print as much money as necessary to stave off a default. Of course, inevitably this would result in price inflation, but the endless arguments ...
February 04, 2014
Once more the Dow has plunged, this time some 300 points amidst another global selloff. But let us grapple with the reality of these numbers. In some ways they mean little or nothing. REAL numbers are a good deal worse than the phony stats trotted out every qua ...
February 04, 2014
President Obama's State of the Union address on the night of January 28, 2014 was all about "micro-management." It was micro-management at one level since he realizes that a divided Congress will not pass any "grand" legislation that he might try to submit. Thu ...
February 03, 2014
This Reuters article (somewhat surprisingly) makes a good point about central banking policy ... that lying is part of necessary bank policy. It also makes a point we've been making for months now: While a good deal of discussion will focus on "tapering" and ot ...
February 03, 2014
The galloping censorship of the UK media continues apace. It wasn't enough to block pornographic sites (which turned out to be a blockage of various politically incorrect websites); now the British establishment is taking aim at journalists directly. Of course, ...
February 03, 2014
Appearing last week before the Senate Intelligence Committee, Director of National Intelligence James Clapper testified that he could not say the threat from al-Qaeda is any less today than it was ten years ago. It was a shocking admission. Does he mean that th ...
February 02, 2014
Emerging markets can involve public markets. But there are other ways of investing in these markets including private placements and private investing generally. These are fringe investments with the capacity for significant rewards but also large risks. ... Ch ...
February 01, 2014
Is the Green marketplace foundering? It would not be surprising. This happened in the 1970s when the first wave of solar panels and wind turbines were securitized and the "alternative energy" industry was in large part created. Recalling the 1970s, we've been c ...
January 31, 2014
The editors of The Economist magazine gazed upon Barack Obama's state of the union message and decided it was good. The reason it was good is because the US president gave indications that he would try to "get more done" over the next year or two than previousl ...
January 31, 2014
Markets travel up on a wall of worry and there is plenty to worry about when it comes to Western – and BRICs – economies. This UK Telegraph article makes the case that the world's economy is on a deflationary bubble – one that could burst shortly. We tend ...
January 30, 2014
So now we finally come to the nub of what forward guidance REALLY is, thanks to this illuminating UK Telegraph article. Millions of words have been written about forward guidance, explaining that it was offered as a way of making Western central banks more res ...
