“A nickel isn’t worth a dime today”
On Sept. 22, 2011 in a speech to business executives Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff said, “Debt is the biggest threat to U.S. national security.” When the leader of the people famous for $800 hammers and $640 toilet seats has to lecture business leaders about the perils of deficit spending we know capitalism in America has jumped the track. After World | Read More »
If We Blow It Up Again It Will Blow Up Again
Back in 2007 when I was speaking of the crash to come I noted that we really didn’t have to worry because our fearless and infallible leaders intuitively know the remedy. When the bubble bursts they will blow up another bubble. The absolute triumph of Keynesian economics in America and the West has never been more on display than during our rocky journey through the | Read More »
, crony capitalism
, Dr. Robert Owens
, Obama economy
, QE 1
, QE 2
, QE 3
, quantitative easing
, wall street casino
What’s a Widget Worth?
President Obama publicly laments the rise in fuel prices. However, could this rise in energy costs be government policy?
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