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federal reserve

Leftwaaard..Maaaarch! Left….Left…Left…

While we on the Right have been enjoying some well deserved Schadenfreude at the expense of President Obama and the Democrats over the diasterous rollout of Obamacare, with some of our pundits going so far as to claim that the public’s awakening due to Obamacare will be the end of liberalism in America, the Left has been planning their counter attack. Rather than concede that Obama’s program to provide health insurance to everyone, including those with preexisting conditions, was too big of a move to the Left, the left Left-wing of the Democratic Party is looking at Barack Obama and […]

What Recovery? Part I: Velocity of Money

The recession officially ended in 2009. Government reports tell us that the United States has been in recovery for four years now. The vast majority of Americans don’t feel as if they experienced any recovery. Is it because the rate of economic growth has been the slowest in US history? Shouldn’t the average American feel some benefit from an average GDP growth of 2%? Unemployment is the same today as it was in 2009. Why? The Federal Reserve  has used a policy called Quantitative Easing to pump trillions of dollars into the economy over those four years.  At the same […]

Money For Nothing

“The common denominator to all of history is that all governments almost universally act irresponsibly to debase their currency.” — Robert T. Lutts “The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.” — Alan Greenspan Ah, the coin of the Realm … t’was a time when our specie was fashioned of precious metals — silver, gold even — back before America’s elected larcenists decided to mint money from materials with the same intrinsic worth as a Tijuana bus token.  Debasing the currency, […]

Arthur Laffer: Economic Statistics, Some Matter and Some Are Deceiving

At Real Clear Politics the other day, I came across an article by economist, Arthur Laffer in theWall Street Journal. the same Arthur Laffer whom developed the Laffer Curve during the Reagan administration. As I often do, I scanned the article and bookmarked it as a possible source for a post. Then this morning I had an e-mail in my in-box from Pat Slattery of The Free Market Projectsuggesting that I consider doing a post on an article by John Hayward about the Laffer article. And, I thank him. So, I will discuss both the Laffer and Hayward articles in today’s post on economic […]

Raising Cain: Political Outsider, or Federal Reserve Apologist?

In response to my post last week, Raising Cain: Wins SC Debate, some of the comments revealed information that I had not known.  Apparently, not only did Herman Cain serve as the chairman the Federal Reserve Bank of Kansas City, he has dismissed demands to audit the source of our funny money.  I will openly admit that I had not done my homework, however, I can correct that oversight now.  For starters, here is some audio from Mr. Cain… That was posted on 1-8-11.  The next video was posted on 1-27-11… I think people will have to listen to both […]

Steve Brenan Dislikes America, or So I Imagine He Does

Steve Brenan of the Washington Monthly (which I found via memeorandum) begins his blog post ‘None Dare Call it Sabotage’ this way… Consider a thought experiment. Imagine you actively disliked the United States, and wanted to deliberately undermine its economy. What kind of positions would you take to do the most damage? Let’s play the game! Close your eyes and take a minute to think about the policies you would put in place if you disliked America- the kind that would really do the most damage. What did you come up with? In my mind, those positions that you would […]