Whoever thought Bereansatthegate would feature a quote for the day from Lord Keynes? Yet here we are: Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth […]
Archives
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Quote for the Day–John Maynard Keynes!
16 May 2014
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Let the beating commence until morale improves! Senator Levin says close the tax loopholes!
08 May 2014
Sen Levin has a new target in the war against our large budget deficits–corporations that legally flee the U.S. to avoid paying taxes: It’s become increasingly clear that a loophole in our tax laws allowing these inversions threatens to devastate federal tax receipts. We have to close that loophole,” said Levin in a statement. This […]
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Allan Meltzer is perhaps the greatest living monetary economist; his A History of the Federal Reserve, is the definitive standard on the Fed. He was a contemporary of Milton Friedman, and a noted monetarist scholar in his own right. Discussing the Fed today, he ventures slightly off course: Broadly speaking, the Obama administration has pursued […]
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How to tell someone’s not serious about solving political problems. My short list here; what can you add?
30 Apr 2014
You know someone is not really concerned about carbon emissions if they reject natural gas and nuclear energy You know someone is not really serious about getting the deficit under control if they are in favor of near-term stimulus (more spending) and long-term spending cuts (i.e., when they are out of office) You know someone […]
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Faith may be in action, but is the mind of Christ? Social gospel left demands higher taxes in Illinois
29 Apr 2014
Pity the poor people of Illinois. They have perhaps the worst government policies in the nation, and have less than 43 cents on the dollar funded of their pension liabilities for the large public sector. The state settled with the SEC in March after it was charged with securities violations in fraudulent reporting of its […]
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Legislation, the deliberate making of law, has justly been described as among all inventions of man the one fraught with the gravest consequences, more far-reaching in its effects even than fire and gun-powder. Unlike law itself, which has never been ‘invented’ in the same sense, the invention of legislation came relatively late in the history […]
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http://m.mlb.com/video/v3224106 Sorry I can’t get the video to embed directly, but please watch this first. Hank Aaron is a true American hero, for Americans of all races and classes. As Braves chairman Terry McGuirk said Aaron “set the home-run record the old-fashioned way” and added “You will always be the home run king of all […]
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The Supreme Court today released its opinion on a case limiting how many candidates could be supported by a wealthy individual. Prior to its ruling, campaign limits were such that Under the current limit, a donor can’t give more than $123,200 to candidates, parties and political action committees. Of that, just $48,600 can go directly […]
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I’ve been a bit under the weather lately (sick for over a week now–which is unusual for me). Of course I don’t like to go to the doctor–like most of us–but I didn’t think I had a doctor, since I’d recently received a letter from my insurance company letting me know my doctor was leaving […]
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Don’t tax me, Don’t tax thee, Tax the fellow behind the tree! Latest obfuscation on taxes by Krugman within
27 Mar 2014
Nobel Laureate Paul Krugman delights in stirring the pot, and he is not only a brilliant economist (legitimately so in the specialized area of international trade), but he is also very clever. He doesn’t out-and-out lie, but he gives tidbits of truth while deliberately ignoring other facts to lead a reader to his own biased […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach