Monthly Archives: November 2010

Archive of posts published in the specified Month

Unleashing Imagination

Whether his interests center round his own physical needs, or whether his he takes a warm interest in the welfare of every human being he knows (altruism), the ends about which he can be concerned will always be only an…

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An Unwanted Journey

It is not difficult to see what must be the consequence when democracy embarks on a course of planning which in its execution requires more agreement than in fact exists.  The people may have agreed on adopting a system of…

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Self Defeating Progressivism

There are two particular targets of American progressive political ideology: special interests and the curse of bigness, primarily in business. But the preferred solution of the progressives, central planning and regulation, only serve to make these matters worse. The proliferation…

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Rebelyid on the Cordoba House Mosque

The zoning of the Mosque is an issue for the city.  We may have an opinion, but it is a local zoning issue. We either have religious tolerance or we do not.  We either believe in freedom of religion or…

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The Mythological Rich

There is a video of Alan Grayson showing how the wealthy can spend the tax cut that they will get from extending the Bush tax cuts.   If such monumental ignorance and bias had come from some second rate academic at…

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A Different Standard

When critics of Israel are labeled anti-Semitic, the question arises, “when is criticism of Israel not anti-Semitic?” Alan Dershowitz answered this question as clearly as it can be;  it is anti-Semitic when you hold Israel to a standard that you…

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Mission Creep at the Fed

The most misunderstood aspect of the success of the Reagan led supply side revolution was the monetary aspect. The idea adapted from Robert Mundell’s theory was that the Fed should focus ONLY on monetary matters and that fiscal policy should…

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Liquidity and Solvency

There are many small business people who contend that they cannot get a loan. The press reports that banks are sitting on their money and not loaning any. They are just making a safe spread between very low bank rates…

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The Greenspan Put

The famous “Greenspan put” was based on the (empirically well- founded) belief that the U.S. central bank would resist raising interest rates in response to a sharp upward spike in asset prices (and therefore not undo them) but would react…

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The Big Lie

from guest blogger-  Gary Meyers There is so much wrong about Liberals, but the thing they mostly get wrong is their misunderstanding of the relationship between tax revenues and tax rates.  Throughout history, nearly every income tax rate cut resulted…

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Why Government Debt is More Dangerous than Private Debt

What is certainly clear is that again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable recession hits. Many players in the global…

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Beyond Liberal and Conservative

On an interview on the C-Span TV  show, Booknotes, Jonah Goldberg, author of Liberal Fascism (highly recommended), spoke of two kinds of conservatives.  The first is anti-liberal; they believe that there is a place for central government control, but that…

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Delusional Invincibility

..one of the main this-time-is-different syndromes had to do with a belief in the invincibility of modern monetary institutions. Central banks became enamored with their own versions of “inflation targeting,” believing that they had found a way both to keep…

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The Limits of the Federal Reserve

Kevin Warsh writes in the Wall Street Journal, The New Malaise and How to End It. I have contended that the Fed under Bernanke is committed to doing whatever it takes to stimulate the economy, but that any benefit of…

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Kosher Politics

Political reform has failed in the past because those who claimed to want change just wanted to throw the other bums out. As long as their bum “brought home the bacon” they remained content. The obvious result of everyone wanting…

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The Tea Party Faces Limits

In Americans Vote for Maturity (Wall Street Journal- Opinion Journal), Peggy Noonan noted that quality still mattered in the final election: Excerpt: What the tea party, by which I mean members and sympathizers, has to learn from 2010 is this:…

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How About a Rally to Restore Intelligence

And these people think the Tea Party folk are idiots? Perhaps we need a rally to restore intelligence.

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Taleb on Regulation, Debt, & Bubbles

The very astute Nassim Taleb: Regulations alone will not protect us. The regulators gave the banks the rope to hang themselves. The smaller the error rate, the more likely it is to be grossly underestimated. No bonus without malice. Cancel…

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Rapping Economists

a very clever way to explain modern economics-  the second video is a follow up and an explanation of how the video developed.

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Decertifying the State Employee Unions

Mitch Daniels, governor of Indiana, is one of the rising stars of the reinvigorated Republican party. He is fiscally conservative, and has taken innovative action to put his state in the black. Like Chris Christie of New Jersey Mitch is…

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