“No one ever went broke underestimating the intelligence of the American public.” -H.L. Mencken (Or was it “congress”?) ================= Here’s a novel idea: Have Congress create a “bank” that could borrow huge sums with only a small federal outlay and would be independent of any political interference. If you believe in this miracle, you probably thought Fannie Mae was a private company that... Read more
Archive for the ‘Economics’ Category
Bank of Political Works
September 1 | Posted by mrossol | American Thought, Economics, Party Politics, The LeftWho Would Bail Out the European Central Bank?
August 31 | Posted by mrossol | American Thought, Debt, EconomicsAnd who is talking about this? ============== By BENN STEIL AND PAUL SWARTZ Week after week, market watchers hang on the German chancellor’s every pronouncement about the euro-zone’s debt travails, so one might be forgiven for thinking that Germany has been propping up the whole troubled enterprise. In fact, the European Central Bank has for the past 15 months been manning the front... Read more
Obamanonics vs. Reaganomics – WSJ.com
August 26 | Posted by mrossol | American Thought, EconomicsAnother good article by Moore… ======= If you really want to light the fuse of a liberal Democrat, compare Barack Obama’s economic performance after 30 months in office with that of Ronald Reagan. It’s not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr.... Read more
