One of the sad ironies of the rioting in Ferguson in the aftermath of the decision by the grand jury not to indict is that the destruction that occurred is ultimately directed at African-American communities. As Henry Hazlitt put so well in his book Economics in One Lesson, it is the mark of a good […]
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This year’s election results have not caused Democrats to reconsider their approach, and its not just Mr. Obama who is doubling down. Part of this is the result of the election; the vulnerable red state Democratic senators that lost the election were the more moderate members of their party. The election has resulted in an […]
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The country awaits the 9 p.m. decision tonight by a Missouri grand jury on whether to indict a white police officer, Darren Wilson, for the killing of a black youth, Michael Brown. Passions have been inflamed since Mr. Brown’s death, and a decision not to indict is widely feared to lead to further unrest. There have […]
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A few weeks before the election, I speculated that a potential election threat to the Democrats was a significant correction to the stock market. The main reason for the speculation was the impending cessation of QE3, the Fed’s monetary stimulus program. Pretty much all market observers believe the Fed’s stimulus has at least contributed to […]
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In a provocative post, Berean Bert Wheeler suggested that there is not much difference between Republicans and Democrats, at least economically. I understand the urge to think this, and I certainly agree given my frustrations with both parties; “a pox on them all.” But to say there is no real substantive difference between the parties […]
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One of the calumnies of those espousing an ever-expanding view of the state in determining social outcomes against those who would prescribe any limitations on what the government could do is that it is pure “selfishness.” Indeed, it is alleged that opponents of a larger state believe in a “rugged individualism” where, as President Obama […]
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Probably not the smartest idea to blog on the subject of race in a way that plays off Star Trek; after all, its a very serious issue and worthy of substantive discussion and debate. Unfortunately you won’t be getting any of that in the next few days in the media, and you certainly haven’t in the […]
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Now this is obvious pandering to the hard left of the Democratic Party–surely Mrs. Clinton knows better, doesn’t she? Hillary says that businesses don’t create jobs, and worse yet, this is somehow a version of “trickle down” economics that’s been tried again and again and failed. Oh, where to begin–as one of my colleagues at […]
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The Fed giveth, and the Fed taketh away? Is a bursting stock market bubble going to be the October Surprise?
11 Oct 2014
The stock market swung wildly this past week, with the final result the S&P 500 down 3.1%, and the Nasdaq 100 down 3.9%. Everybody knows a major reason why: The Federal Reserve is winding down its aggressive monetary stimulus, and now the question is will they increase interest rates, and if so, how soon? QE3 is […]
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There is an old saying which I think is largely true: He who lives by the crystal ball eats lots of broken glass. Certainly predicting the future is difficult for those without the divine revelatory skills of Joseph or Daniel in the Bible. Yet, there is another saying which also has a lot of truth […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach