The Tears of a Clown Named Beppe Grillo
You want to hear something funny? The most powerful guy in Italy right now is a former stand-up artist named Beppe Grillo. He went from being a joke for a living to leading a political movement that won 25% of the vote in Italy’s Parliamentary Elections. The temptation here is to write the whole thing off as an attention-grabbing stunt.
Yawn! Grillo dubbed his 5-Star Movement a “non-party.” I’m amazed a smart guy like Ross Perot forgot to copyright that. Many of the people he won over were outsiders who were registering a protest vote against the status quo. Grillo got them out to the polls, and observers had the following reaction.
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Worried About Debt? Play Soak The Rich!
SoakTheRich.us started as a series of pie charts and turned into something much bigger. Here’s why! Promising the moon and hoping no one will ask, “hey, what’s a moon cost these days, anyway?” turns out to be the one business model Progressives endorse. If you’re an Obama bundler, a union boss, or Ezra Klein, it’s great news — you can get rich selling snake oil, riding | Read More »
The Calculus of Deficit Spending
Mathematicians often rely on the old saw that a picture is worth a thousand words. The picture displayed above is Coyote Morning Ugly. Christopher Rupe and Nathan Martin of EconomicEdge.Com have examined the marginal utility of America’s continued deficit spending over time. Quite simply put, each year’s deficit spending produces less present value per dollar spent.
Keynesianism is dead in Europe
The G-8 and G-20 meetings in Canada were remarkable in historic terms. European governments criticized the United States for being spendthrift. Brazil provided political cover to the US on behalf of the developing countries. This has been a consequence of something truly remarkable happening in Europe. Keynsianism has lost in Europe. There is no political support for it. And Barack Obama got hit in the | Read More »