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 ‘Economics’ 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
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
The 10% President
September 25 | Posted by mrossol | Debt, Economics, ObamaYep, 90% of the problem is someone else’s fault. ============ A question raised by President Obama’s immortal line on CBS’s “60 Minutes” on Sunday—”I think that, you know, as President, I bear responsibility for everything, to some degree”—is what that degree really is. Maybe 70% or 80% of the buck stops with him? Or is it halfsies? Nope. Now we know: It turns... Read more
GM discounted the Volt How Much!?
September 24 | Posted by mrossol | Debt, Economics, EnvironmentThe rest of the story… ============ DETROIT (AP) – General Motors rolled out the Chevrolet Volt two years ago with lofty sales goals and the promise of a new technology that someday would help end America’s dependence on oil. So it seemed like a good thing in August when sales of the $40,000 car set a monthly record of 2,800. But a closer... Read more
Desperately Seeking Middle-Class Taxes
September 6 | Posted by mrossol | Debt, Economics, Tax Issues“Truth in Lending?” ====== Democrats in Charlotte are pounding away at the savage budget cuts that Mitt Romney and Paul Ryan supposedly favor and their phantom plan for “raising taxes on the middle class,” as President Obama puts it. The truth is the opposite, but table that for a moment. The President seems not to realize his critique is really a scorching... Read more
