The Broken Window Fallacy
Why stimulus and more taxes only hurts economies, not helps them. A simple reality that many people fail to grasp.
Archive | Economy
Crashing America
As if you needed further proof that the current Administration and the Democrats are driving America to bankruptcy, witness this article from the Telegraph outlining the US Debt. And look at the chart. Despite the spending lefties are always screeching about Under Bush, it was actually fairly level after 9/11 and the start of the [...]
European Wakeup Call
European Socialism is failing as socialism always does, as I have explained time and time again. It doesn’t work because all statist governments are negative, not positive. Greece is the start of what will be a world economic crisis that will dwarf what we have now unless they pull some miracle out of a hat. [...]
What’s Going On?
If you’re wondering why Obama tripled the debt and the deficit in his first year and keeps increasing the debt ceiling, this interview may have the answers you’re looking for. I’m still digesting it but it’s very interesting. Thoughts, anyone? This is the Dr. Michael Hudson’s website. I will be checking out his essays this [...]
Obamageddon
Our bow happy president (seen here bowing to the Mayor of Tampa on the 28th) is leading us to certain economic ruin. His speeches to the contrary belie a simple fact, he is spending us into oblivion and his polices will make things even worse. Just as FDR made the Great Depression last six years [...]
Economy Killers
The administration is slowly destroying the US economy, intentionally. It’s a wealth transfer, and part of the process is the devaluation of the dollar. Ben Bernanke’s dollar crisis went into a wider mode yesterday as the greenback was shockingly upstaged by the euro and yen, both of which can lay claim to the world title [...]
Hope You Like That Change
Well, we’re a good way into that first year of Obama’s administration. How’s that working out for you? If you check out these stats you’ll see that after the bailouts, stimulus and reckless Obama moves, the unemployment shot up like a rocket. The anti-capitalist decisions by the administration had a very bad effect on the [...]
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