Monthly Archives: May 2010

Archive of posts published in the specified Month

The Liquidity Lie

To blame the mere shortage of cash for the evils caused by incompetence and corruption is the favorite lie of socialists and crony capitalists everywhere. Socialists always say there is no problem of inequality or poverty that can’t be solved…

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Open and Closed Institutions

“I have been part of five institutions- the Catholic Church, The university of Redlands, the United States Navy, The University of Chicago, and Harvard University. If I were required to rank them to the extent to which free and uninhibited…

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A Fantasy Nation

“What government ever uniformly consulted its true interests in opposition to the momentary exigencies? What nation was ever blessed with a constant succession of upright and wise administrators.” Alexander Hamilton

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The Cost of Subsidized Failure

“A dynamic economy will always have booms and busts. But the story of the past twenty-five years is that Washington has created a financial system that cannot withstand the destructive part of creative destruction – necessary for free markets- without…

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The Torah of Liberalism

“Despite their secularism, Jews may be the most religious ethnic group in the world. The problem is that their religion is rarely Judaism; rather it is every  ”ism” of the left. .. It is therefore usually as hard to shake…

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Why Remain Skeptical on the Economy

Does the rising stock market and improving unemployment numbers support Obama’s economic solutions? It may appear so, but I remain skeptical for several reasons. The stock market is rebounding off of the low of a year ago, which was largely…

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On Financial Regulation

Recent Rebelyid Postings about Reforming the Financial System Financial Regulation: The Solution is the Problem “the Japanese banks were bragging about their compliance when they tanked in the 1990’s.” Financial Regulation Needs to Solve the Whole Problem “The more Congress…

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A Tale of Two Market Crashes

From Thomas Sowell’s Intellectuals and Society “In short, many things that the Federal Reserve, Congress and the two Presidents did (during the market crash of 1929) were counterproductive.  Given these multiple failures of government policy, it is by no means…

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Talking on the Cell phone more dangerous that just talking..

Is talking on the cell phone worse than just talking to a passenger? According to the study (which used 41 drivers), talking on the phone made a significant impact on driving, causing them to drift lanes, miss exits, and just…

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Healthcare 1099s

Buried in the 2000+ pages of the health care bill is provision that a phrase will be added into another law. The meaning of that phrase would escape any reviewer of the health care bill unless they researched the bill…

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New Jersey’s Chris Christie Speaks Plainly

It is so rare to hear a political leader speak this plainly and clearly. How refreshing.

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Christie, Christ and Holder

Random thoughts Governor Chris Christie smacks down a reporter from the Star Ledger in New Jersey who questions the effectiveness of his tone. Christie’s retort is strong, humorous, and specific. He focuses on the substance of his arguments rather than…

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A Competition of Ideas

In the aftermath of World War II, Ghandi was once asked what he thought about western civilization, and  replied, “I think it would be a good idea.” I would propose the same reply to , “what do you think about…

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The New Normal

We tend to look at our economy as a diversion from the norm after a record financial set back.  But the economy we are in may well be closer to the norm. The former economy was distorted by government policies…

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People vs Categories

From Thomas Sowell’s Intellectuals and Society “Although such discussions have been phrased in terms of people, the actual empirical evidence cited has been about what has been happening over time to statistical categories – and that turns out to be…

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Humbled by Hummus

From the Jerusalem Post Online Lebanon breaks Israel’s hummus world record By ASSOCIATED PRESS 09/05/2010 12:53 Excerpt: Lebanese cooks have whipped up more than ten metric tons of hummus, breaking a world record previously held by rival Israel on Saturday.…

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You are Responsible for Your Contractor

Over decades of supplying material to contractors I have observed owners hire builders with questionable reputations to save a few bucks. Many of these owners do not realize that they are responsible for the actions of the contractors they hire,…

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More New Jobs, Higher Unemployment?

The unemployment numbers show 290,000 new jobs yet the unemployment rate went up from 9.7 to 9.9%.   How can this be? 800,000 new workers entered the workforce that were therefore not included in the unemployment numbers previously Some say this…

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The Tenth Commandment and Politics

” The first Nine Commandments concern theological principles and social law. But then , right at the end, is “Don’t envy your buddy’s cow.”  How did that make the top ten? What’s it doing there? Why would God, with just…

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Broadband Statistics

In yet another misuse of statistics we are criticized for having less broadband access in the United States than other countries like Korea and Japan. The Organization of Economic Cooperation and Development  (OECD)  measure subscriptions per 100 persons and by…

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