America is Bankrupt and Being Repossessed
So far in this presidential election cycle I have seen both Gary Johnson and Ron Paul bluntly declare that the most serious problem we faced as a nation was that we are bankrupt. After hearing this comments I started reflecting on the nature and effects of bankruptcy,...Obama’s Jobs Plan: Economic Destruction Becomes Policy
Once again, a professional politician who believes that wealth comes from spending borrowed money has abused the patience of our nation and proposed another mechanism for wasting an enormous amount of money on a vaguely defined program which will accomplish nothing of...A Half-Truth is (still) a Whole-Lie
“We’re going to work with federal housing agencies to help more people refinance their mortgages at interest rates that are now near 4 percent,†Obama said in his speech last week to announce the $450 billion jobs package. The plan would put “more than $2,000...Of Projects and Plans
How could it be that less than 20% of Americans think that “government is working?†It would seem more projectable, (given our grand political divide) that roughly a third of us would always be happy with our government, another third deeply discouraged, and the...The Great Sino-American Currency War
The economic relationship between the United States and China is often described as being “co-dependent.†The Chinese lend America money, and the Americans buy Chinese goods. If the Americans stopped buying Chinese goods, then people in China would lose their...Stay in Touch
