Yesterday Barack Obama nominated Janet Yellen to become Chairwoman of the Board of Governors of the Federal Reserve. Borrowing from Stanly Kubrick’s classic film Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb and with apologies to Slim Pickens, this is how I perceive Yellen’s nomination (and subsequent Senate confirmation) will impact […]

How happy are you with the federal government? The government is partially shutdown. If Congress and the President are not able to negotiate a settlement to raise the debt ceiling, greater fiscal problems are on the horizon. The Affordable Care Act is more and more showing its strangling effect on our economy. The Dodd-Frank Act […]

I have heard much talk in the last few months to the effect that market advocates, conservatives (in the American sense) or classical liberals (to use a broader sense) have failed to make their case.  They have not “sold” their ideas well, to use a marketing analogy.  Alberto-Benegas Lynch has addressed this issue in an […]

Last time I wrote about what I was reading, I said I would next read a new book entitled Anti-Capitalism by Simon Tormey.  I changed my mind and have waded into the second of a projected four volume work (maybe six) by Deidre McCloskey.  The first was Bourgeois Virtues and was the beginning of a detailed historical and […]

You say “Really?  Are you just an anti-Fed nut case?”  Well, I’m certainly anti-Fed, and my wife won’t confirm or deny #2.    But let me make my case.  As economist Russ Roberts likes to say, economists often tell “stories” that we think reflect reality.  These stories are backed by a particular theory and often have […]

Yesterday the health care exchanges were opened for the Affordable Care Act (ACA), with various reviews, but acknowledged “glitches” that left many unable to sign up.  MSNBC anchor tried and failed after 30+ minutes, including time on the phone that never got her into the system: Republicans naturally trumpeted this as another indicator that this […]

The old saying is “Another day, another dollar” and it certainly applies to the Federal workforce here in DC, only without any official work (some would say, there is no difference between now and before).  I have gained some interesting insights (maybe just observations–I need to be modest here) about the Federal government, including Congress, […]

We will occasionally (but not daily) have a quote for the day.  So as an inaugural quote, I offer up this gem from 2nd edition of Ludwig Von Mises’ classic work, Socialism on page 9: “It is true that Socialism is today an article of faith for many, perhaps for most of its adherents.  But […]

Quinnipiac University’s most recent polling results suggest Republicans will struggle to convince the American people the government shutdown is a good idea. Key findings include: Americans oppose, 72-22%, the government shutdown in order to de-fund or delay Obamacare Republican voters support the shutdown narrowly (49-44%), while Democrats (90-6%) and Independents (74-19%) oppose it overwhelmingly In a […]

There is something viscerally satisfying about the possibility of a government shut down. Consider the stated and implied conservative motivations: We need to show people they can survive without their daily suckling from the federal teat We need to inculcate a new sense of independence, a re-emergence of the homesteading spirit that once defined our […]