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Tag Archives: Keynesianism

When FDR made gold illegal to own for everyday people – At the point of a gun (A short video)

FDR, the man who studied Mussolini, who birthed the current intrusive state, who started the drug war in earnest, who put Japanese Americans into concentration camps, who extended the Depression years longer than it needed to be and thereby contributed to the genesis of the Second World War, who tried to pack the Supreme Court, who gave away half of Europe to the Soviets at Yalta,  and who confiscated the gold – the real wealth – of the American people.

What a guy. And he still has his face on the dime.

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The parade of hypocrisy which is Davos

Davos, for those who don’t know is a little town high in the Swiss Alps where many of the world’s financiers and intellectual muckity mucks gather once a year. There are conferences, lots of “Oprah style” conversations with bank CEOs and former heads of state, Kissinger waxes on about whatever. Perhaps little bit of skiing too (for those still limber enough) and expensive prostitutes (for the same limber set).  CNBC and Bloomberg descend to read the tea leaves and to rub elbows. Lots of business cards are exchanged. Much cognac is enjoyed. It’s a nice way for people who want to rule the world to get to know the people who actually DO run the world. In general it sounds like a pretty good time.

But man, are some of the folks who attend just stinking hypocrites. (Soros is there almost every year.)

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Poll: For first time ever voters say “the government” is the biggest problem in America

America is not Europe. We are a country founded by individualists, scoundrels, dreamers, and doers. We do not have the aristocratic legacy of the Old World with its stifling worldview and distinct class system within an ever present welfare state. We are a free people. This country was an escape from Europe. This country is a free land. This freedom is ingrained in our DNA. It is what makes an American an American, no matter that American’s ethnicity. We are bound by an idea not geography or ancestry. America is indeed exceptional in that regard.

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Frezza: What Will Happen After The Latest Keynesian Bubble Bursts?

It’s going to pop. It’s not just going to inflate forever. When it pops and how it pops are open questions, and I will grant you that saying a Keynesian bubble will pop is kind of like saying sooner or later the sun will set. But it’s pretty amazing how we humans are able to forget or ignore something which we KNOW is going to happen. The sun will set. The easy money bubble(s) will pop, and this time it will be bigger than anything humanity has ever seen.

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Paul Krugman tries to claim that Obama’s suicidal economics and not lower fuel prices have buoyed the American consumer

To be fair Obama’s not really the economics type. (He after all spends his mornings watching Sports Center as we recently learned.) The suicidal policies really come from people around him.

This has been a relatively good Christmas in the United States in economic terms however–relatively. It’s been a long slog. We have suffered through years and years of government meddling and manipulation which have slowed the recovery. It has been painful and it has been more painful than it needed to be thanks to proponents of socialism-lite like Paul Krugman.

Yet somehow Pauly is now trying to take a victory lap? It would be funny if it wasn’t so tragic.

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