Monthly Archives: July 2010

Archive of posts published in the specified Month

Economic Observations and the Middle Class

Corporate earnings are improving, but unemployment remains high.  These are not unrelated. As the weak economy has held down wage increases, this alone will translate into lower costs and better profits. But this is true only if high competitive pressures…

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Who are the Independents?

In the wake of the elections  of November 3, 2008 we noted the dramatic swing of the independent voter.  Who are these voters and why do they refuse to ally themselves with one of the two major parties?  I confess…

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Communication Inundation

According to the July 26, 2010 print version of Newsweek: There are 141 million active blogs, up from a mere 12,000 ten years ago. Daily e-mails are up 20 fold from 12 to 247 billion in the same period. Daily…

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The Great Equalizer

“Capitalism is, among other things, the revitalization of the world thanks to the opportunity to be lucky.  Luck is the great equalizer because almost everyone can benefit from it. The socialist government protected their monsters and, by doing so, killed…

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Journolistos Should be Barred for Life

I have a default position to disbelieve conspiracy theories.  Secrets are just too hard to keep. While I find individual reporters may be biased in their coverage, I expect the larger organization to balance bias, although the dominance of so…

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Arbitrary Alliances

“If you want to see what I mean by arbitrariness of categories, check the situation of polarized politics.  The next time a Marian visits earth, try to explain to him why who those favor allowing the elimination of a fetus…

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The Power of a Common Threat

Professor Angelo Codevilla‘s excellent piece in American Spectator, “America’s  Ruling Class – And the Perils of Revolution”  is the must read piece of political analysis in the last month. It is rich with insight that explains the crossroad we inhabit.…

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Science of the Ruling Class

From Boston University Professor Angelo Codevilla’s “America’s Ruling Class- And the Perils of Revolution” (July – August 2010 issue). In The American Spectator (online version). That is why the ruling class is united and adamant about nothing so much as…

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Unreasonable Regulations Kill Jobs

A driver was bringing a load of scrap in a small ¾ ton truck. He was stopped by a State Trooper who is now authorized to enforce DOT regulations.  The driver was charged with 7 violations, including: No Medical certificate…

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Different Financial Histories

America lives in fear of the Great Depression. Europe lives in fear of runaway inflation. That makes Obama’s Keynesian addiction to deficit spending a bitter pill for our G-20 partners to swallow. from my article in American Thinker Continents Apart…

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Laffer and Krugman

In Econoclasts author Brian Domitrovic chronicles the rise of the supply side revolution, the economic prescription that ended the stagflation of the 1970’s and sparked a strong economic growth that lasted over 20 years. Arthur Laffer, of the famous Laffer…

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A False Sense of Intellectual Superiority

In The American Spectator (online version) Boston University Professor Angelo Codevilla writes “America’s Ruling Class- And the Perils of Revolution” (July – August 2010 issue).  I recommend reading the entire article  (about 22 pages printed). It is well worth the…

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Paralyzed in Cash

I have been a fan of Fareed Zakaria,l read and enjoyed his Post American World, and I like the depth of his interviews on the TV show GPS. His recent article in Newsweek (“Obama’s CEO Problem”- 7/12/20101 print edition), however,…

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The Value of Bankruptcy

“Here is the quickest way to determine if you are operating in an honest capitalist system or a corrupt imitation thereof: check the bankruptcy rates. For most of the last hundred years, the United States has had both the strongest…

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Stating the Obvious

Nancy Pelosi states that the new unemployment benefits package should be passed because unemployment benefits stimulate the economy and thus create jobs.  They are in fact, according to her, one of the best job creators because the unemployment benefits are…

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Understanding W’s Economic Failure

Brian Domitrovic’s Econoclasts documents the rise, implementation and success of the supply side economic theories that launched the Reagan revolution. The theory that developed from Robert Mundell and is often associated with Arthur Laffer, generally states that a policy of…

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A Fly in the Coffee

A fly falls into a cup of coffee and… The Italian – throws the cup, breaks it, and walks away in a fit of rage. The German – carefully washes the cup, sterilizes it and makes a new cup of…

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Inflating the Green Bubble

Studying the financial bubbles we can see several common characteristics. During the bubble inflation we see markets taken to an extreme by financial greed, but as Walter Sowell so appropriately metaphored on the housing bubble, “blaming the crash on greed…

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When Genius Would Wish to Live

“These are times in which genius would wish to live. It is not in the still calm of life or in the repose of a pacific station that great characters are formed. The habits of a vigorous mind are formed…

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