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Tag Archives: economics

Letting the cat out of the bag on the role of public employee unions

Some people get on us for pointing out that public employee unions are kind of a JV crony team which costs the taxpayers of this country billions each year. Invariably the people who benefit form unionized government work howl and insist that they are in fact the “good guys.” They are just trying to do their job and to be paid adequately for it. And oh, by the way, don’t touch their pension. We should focus our attention on the evil corporate America.

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Rand Paul: Dems ‘Scared’ I’m Going to Run Against Hawkish Hillary Clinton (Video)

Politics continues to get more and more interesting. Things are changing in a big way.

It’s not all driven by Rand Paul. Technology (and social media specifically) has a lot to do with it. The economy sputtering does too. And of course the general war fatigue.

But Rand is articulating a message which reflects where many Americans are right now, in a way that I’ve never seen in my lifetime.

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Modern central bankers have things upside down, This is why they fail

Money isn’t wealth. It measures wealth the way a ruler measures length, a clock measures time and a scale measures weight.

Boy is this true, but so many people, including the supposed shamans at the Fed  fail to grasp (or choose oddly to ignore) this basic concept. Dumping “money” into the economic system isn’t going to make the economy grow, it will only make the money currently in the system worth less.

It’s not quite that simple. But it’s nearly that simple.

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