The justification for a moderately high rate of interest has been found hitherto in the necessity of providing a sufficient inducement to save. But we have shown that the extent of effective saving is necessarily determined by the scale of investment and that the scale of investment is promoted by a low rate of interest…Thus it is to our best advantage to reduce the rate | Read More »
Yesterday, Barack Obama gave away the game. Without actually using the words, Barack Obama admitted he is completely and utterly ignorant about job creation and economics. In an interview with the Today Show, Barack Obama declared that the unemployment rate remains so high because of ATMS. Sadly, many people will agree with him because they lack the vision to see the whole picture. They see | Read More »
“As you continue to watch the news coverage of the deteriorating economic climate, just remember that most of the premises that will be made and enunciated are that the government must do more, not less.” In all of the discussions about our current economic state, a possible regression or double dip recession, out-of-control debts, and continued high unemployment there is one conversation those who frame | Read More »
Barack Obama again waited for Rush Limbaugh to go on vacation before addressing the public from the Oval Office. Like the last speech, this speech was, for three-quarters of it, dry and monotone — President Spock addressing the nation without emotion. Finally, at the end, Spockobama gave into emotion and showed some talking about the troops. Throughout though, the speech was a rather pathetic speech. | Read More »
Updated to reflect Obama’s NBC interview “Tie Barack Obama’s handling of the economy together with his handing of the British Petroleum accident and we have the definitive reason Barack Obama cannot fix the economy.” This past week, the Gulf States who hoped Barack Obama would actually do something to help them were stunned when he imposed a ban on deep water offshore drilling. It is | Read More »
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