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I’m Forever Blowing Bubbles
Ben Bernanke and his Federal Reserve Bank seem to be determined to reinflate the real estate bubble. Ben was blind-sided by the bursting of the bubble in 2006 as evidenced by his earlier CNBC...
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What, Me Worry?
There are two disparate views of our large and growing public debt. Nobel Laureate Paul Krugman, in a recent International Herald Tribune editorial “Cheating America’s Children” (March 30-31, 2013),...
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Keynesian Economics, R.I.P.
In 2009, Keynesian economists in the Obama administration were downright giddy with excitement. The American Recovery and Reinvestment Act (ARRA) passed by congress was the “biggest peacetime fiscal...
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A Shortage of Confidence
A lack of Confidence@Wikimedia commons Imagine the following scenario. Unemployment remains stubbornly high as the Chairman of the Federal Reserve enters the Oval Office. The President urges the...
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The Parable of the Tulips
@wikimedia Commons Once upon a time in a far off land, a beautiful flower was discovered. Its bulbs became highly prized and their prices rose steadily. Word of the rising prices for the bulbs spread...
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Obamacare: Designed to Fail?
PHenry@Wikimedia There are so many problems raised by Obamacare that one wonders if it was designed deliberately to fail. You don’t need a course in economics to have predicted two of the biggest...
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Dateline Beijing
@Wikimedia commons China Daily, China’s English language newspaper, is not the most objective of sources, but a pairing of recent headlines on October 3 tells much. “Xi [China’s President] pledges to...
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America the Busybody
The Urban Dictionary defines busybody as… “the kind of person you just want to punch in the mouth for being so damb [sic] annoying. They have no life and way too much time on their hands. They...
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The Great Liberator
Obamacare, so says the Congressional Budget Office, will lead some 2.5 million workers to drop out of the labor force. But the White House sees the silver lining: “Over the longer run, CBO finds that...
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De-Capitalization in the 21st Century
A cartoon, like a picture, is worth a thousand words. Nonetheless, I’ll risk adding a few more to this one. In case you haven’t heard, French economist Thomas Piketty’s book, “Capital in the...
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