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Free Money Ain’t Free

Census figures show that over a third of Americans are receiving some means tested welfare; i.e., Medicade, food stamps, housing assistance, and other forms of Temporary Assistance for Needy Families as was reported by Fox News in late August. Of course, this is not surprising to anyone paying attention. This so-called recovery which we are told we are experiencing has been very lopsided in favor of the upper income folks and especially the Wall Street crowd. Inflation is low according to the Federal Reserve, but most people are seeing their cost of living go up while income is stagnant or declining. […]

Free Money Dumped From Helicopters: An Idea That Won’t Go Away

{I}n a country (and world) drowning with debt, there are only two options to extinguish said debt: inflate it away or default. Anything else is kicking the can while making the problem even worse. Zero Hedge It was none other than the renowned free market capitalist, Milton Friedman, who first postulated the idea that the Federal Reserve should just throw free money from helicopters and let the citizens gather it up and spend it to drive up demand. Friedman made this bizzare proposal (somewhat tongue-in-cheek) in a book he co-authored in 1963, in which he was explaining how the Fed […]

We Feel Poorer Because We ARE Poorer

Today’s post complements yesterday’s post in which we talked about the faux recovery America has experienced since the so-called Great Recession of 2008. Monty Pelerin’s World has posted a graph and a chart that demonstrate clearly why most Americans are having a harder time making ends meet today than they were a decade or so ago. The following graph shows that most working Americans have seen their nominal income increase over the last 14 years; but their real income after taxes and inflation has fallen by about 9% on average. A fortunate few have earned promotions every three or four […]

America Has A 1.6% Inflation Rate. Aren’t You Lucky?

In the Socialist Paradise where I live, inflation (as reported by the government) was 56% last year. This year the projects are for an inflation of 85% or more. But, you, my dear friends, don’t have an inflation problem back there in America, do you? I Googled US Inflation this morning and found this graph: Wow! 1.6% inflation last month. I guess those blood-sucking Social Security recipients (like me) won’t being getting any adjustment to their benefits this year. Unfortunately, according to this article, those fixed-income blood-suckers and most everyone else are going to be in for some sticker shock […]

Cash for Clunkers Revisited: More Damage Done

For those of you that have been here since almost the beginning, you know that we pegged “Cash for Clunkers” as the huge failure that it was.  Here is what we wrote while the program was ongoing… The cars traded in on the program are to be destroyed.  Now, in normal situations, a trade in will either go on the dealer lot, go to auction, or go to the junkyard.  In any of those situations, others will have the opportunity to benefit from this car, either by driving it, or by purchasing the usable parts from it.  When the car […]

Pain is a powerful motivator

If you believe polls, most show President Obama with a slight edge over Mitt Romney going into the debates.  This edge has left many pundits scratching their heads wondering how Obama can even be in this race.  After all he has presided over one of the worst economic recoveries in our nation’s history.  Unemployment has been over eight percent for three and a half years, we have lost our triple A credit rating, slipped from first to seventh in global competitiveness, increased our national debt by $6 trillion with nothing to show for it, lost 662,000 jobs to China since 2008, […]

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 […]

Food Prices Rise Under Obama

Hope and Change apparently means higher food prices.  Big Government has the evidence… So you think you’ve been paying more for groceries because your food bill is too high? You’re right. Barack Obama is consuming fine dining while you’re putting another helping of macaroni on your plate. In 2011, with Obama’s inflation beginning to hit, prices skyrocketed for staples that you consume, according to the government: Beef: +10.2% Pork: +8.5% Fish: +7.1% Eggs: +9.2% Dairy: +6.8% Oils and Fats: +9.3% Thanks to those kinds of prices, more and more people are opting to stay home for dinner – restaurants are simply […]

Price of Bacon Soars!

The Department of Agriculture announced today that because of a sharp rise in corn prices, Bacon is expected to be “dramatically more expensive” this summer. With the announcement consumers have begun cutting back on their Bacon usage. “I used to have Kevin Bacon cut my lawn once a week.  He was cheap.  Ten dollars was all it cost” said one person.  “But now I don’t know.  The economy’s bad and I’m struggling to make ends meet. If Bacon gets more expensive I’ll have to mow it myself even though I have a bad back.” All along this row of houses former neatly […]

Democratic Strategy for 2012 Revealed? MSM Concentrating on Social Issues, Avoiding Economy

I picked up on this in the CNN debate, and the saw a story from Catholibertarian that shows a possible campaign strategy for 2012.  In both examples, it seemed as if an inordinate amount of time was spent on the social issues; abortion and gay marriage, when compared with the most pressing issue of the day-the economy.  It would be my estimation that more people are concerned with the following: 1.  They don’t have a job. 2.  They fear losing the job they have. 4.  They can’t afford gas for their cars. 5.  Inflation is causing prices to rise across […]

Milton Friedman: Free to Choose Part 9

Here is Part Nine of Milton Friedman’s Free to Choose. H/T: The Daley Gator

A Fun Way to go on the Offensive

Ever want to do something to raise awareness about the POTUS and his policies?  I know, most of the readers here are bloggers as well, and we help to get the message out, but what if there was a very public, yet anonymous way to do it?  Well, dear readers, such a technique has been found, and I think you’ll find it to be as hilariously subversive as I do. For background, here is a description of subversion techniques from Stop Shouting… Part of the charade employed by the existing Regime is to continue to make people believe that they […]

Gas Prices Start to hit $4 a Gallon: Will this Hurt Obama?

According to MSNBC, via the AP, gas prices in several states have topped $4 a gallon, with more join… On Sunday, the Empire State became the sixth state to top $4 for the average price of a gallon of gas, joining Alaska, California, Connecticut, Hawaii and Illinois, according to AAA’s Daily Fuel Gauge. The average price of gas also rose to more than $4 per gallon in Washington, D.C., on Saturday. The next states to join the list could be Michigan, which has gas for $3.95 per gallon on average, and Indiana, where the average price is $3.94. Nevada, Washington […]