Term limits need to happen. ====== By DAVID MALPASS Whatever ultimately emerges from the fiscal-cliff negotiations over the past 48 hours, the country will survive. But the damage can’t be undone. Taxes are going up for all working Americans. And so is the size of government. Businesses have been waiting to see whether a second Obama administration will encourage the economy. During the fiscal-cliff... Read more
Archive for the ‘Socialism’ Category
Debasing the Currency – and more…
October 28 | Posted by mrossol | American Thought, Economics, SocialismThis 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
Are Entitlements Corrupting Us? Yes
September 5 | Posted by mrossol | Economics, SocialismLong, but an important read. ============= By NICHOLAS EBERSTADT The American republic has endured for well over two centuries, but over the past 50 years, the apparatus of American governance has undergone a radical transformation. In some basic respects—its scale, its preoccupations, even many of its purposes—the U.S. government today would be scarcely recognizable to Franklin D. Roosevelt, much less to Abraham Lincoln... Read more
