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Tag Archives: Europe

Let’s all give thanks for our rogue founders, dissidents, gamblers, hunters, moonshiners, speculators

It’s easy to forget in this time of political correctness, in this time of regulated EVERYTHING, in this time of Black Friday sales, and Oprah Winfrey Shows, airbags, and helicopter parents that this country used to be a very rough and tumble place – and it wasn’t all bad. Indeed America was a blank canvas for many, full of opportunity as much as peril. America was a place where peasants came and carved out a living, in the hopes of achieving much more than just a living. Some, many, of them achieved real wealth. Something which could never have been achieved in Europe where society was stratified and barriers to entry of all sorts abounded.

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World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll

Indeed. Europe is pretty much in depression. So is Japan. (But so what’s new?) And by the way deflation is not necessarily a bad thing. We had mild price deflation through the most prosperous part of American history between the Civil War and the Fist World War. Things should naturally trend toward being less expensive as innovation increases, delivery streamlined, and competition increases.- Just had to get that in.

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The Death Rattle of Europe’s Statist Dream

By Rick Ackerman

 

Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s — i.e.,  Germany’s — rules appears to have doomed the EU dream. The idea of a borderless Europe bound by a common currency and a shared desire to forever banish war from the Continent was a lofty one, but it was mired from the start in deeply rooted political animosities, grass-roots skepticism and bureaucratic overreach. Now these problems, along with a great many others, have turned the EU project into a Tower of Babel. A million pages of meticulously codified EU rules might as well have been written in cuneiform, so inscrutable and arcane have they become.

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Japan has fallen victim to the Keynesian scam (And so have we)

Japan had “a lost decade.” Then it had another. We are past the halfway mark of the American “lost decade.”

Keynesianism has failed utterly and completely. It’s not that there wasn’t enough stimulus. It’s that the concept of “stimulus” is bunk. It’s real “voodoo economics.” It is a cult. A dream. And as is increasingly obvious even to the Keynesians, a nightmare.

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