This is a must read. We are repeating history… to our detriment. ========= Popular Delusions Memo to Central Banks: You’re debasing more than our currency By Dylan Grice, Societe Generale At its most fundamental level, economic activity is no more than an exchange between strangers. It depends, therefore, on a degree of trust between strangers. Since money is the agent of exchange, it is the... Read more
Archive for the ‘American Thought’ Category
Debasing the Currency – and more…
October 28 | Posted by mrossol | American Thought, Economics, SocialismThe Great Persuasion | Masters of the Universe
October 28 | Posted by mrossol | American Thought, EconomicsBook Review… ============== By KENNETH MINOGUE Everyone agrees we are going through a crisis—but a crisis of what? The members of the Occupy Wall Street movement think it is a crisis of capitalism. Others think the crisis is moral: Our propensity to consume without thought for the planet, the poor or even the person next door is a sign that greed and fear... Read more
Obamanation?
October 18 | Posted by mrossol | American Thought, Obama“Better in his picture…” vs “Better in their words…” Make sure at the end of the video you click the blue box to see the second video. ======== The Sliver Bear Cafe
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Does Uncle Sam Do The Most “Offshoring”?
September 26 | Posted by mrossol | American Thought, Economics, Party Politics, The LeftThis guy did some homework and presents a lot of data and makes a good argument. ============ Lately, it has become particularly fashionable to bash private equity, especially among those workers in the employ of the state. The argument, in as much as capitalism can be summarized in one [long] sentence, is that PE firms issue excess leverage, making bankruptcy inevitable (apparently... Read more
Tolerance and Disclosure
September 25 | Posted by mrossol | American Thought, Politically correct, The LeftThis is what “tolerance” looks like. ============= Sometimes there comes along an idea so wrongheaded that even Michael Bloomberg and the American Civil Liberties Union can’t support it. So it was this summer, when the Democratic mayors of Boston and Chicago declared Chick-fil-A unwelcome in their cities because the mayors disagree with CEO Dan Cathy’s support for “biblical marriage.” New York Mayor Bloomberg... Read more
