What if gun control is not the answer? By Holly A. Bell I’m deeply saddened by the events unfolding in Connecticut today and the loss of so many innocent lives. I’m also disturbed by the culture of violence that seems to permeate the U.S. As you might expect the usual rallying cry to ban automatic …
If you think you earn your money, you are wrong. As I have been watching the debates over the debt ceiling, the fiscal cliff, and taxation I am reminded of one assumption about money the government makes (often unconsciously) that those of us who think we should be allowed to keep the money we have …
You Can’t Keep Your Money Because It Belongs To The Government Read More »
Authored by Philipp Bagus via the Ludwig von Mises Institute, “Many politicians and commentators such as Paul Krugman claim that Europe’s problem is austerity, i.e., there is insufficient government spending. The common argument goes like this: Due to a reduction of government spending, there is insufficient demand in the economy leading to unemployment. The unemployment …
The U.S. Government Contributed to the Lack of Sustainability at Hostess By Holly A. Bell There’s been a great deal of speculation about why Hostess was not able to maintain their operations. Like most business issues, the demise of Hostess is not as simple as it appears on the surface. While there were three primary …
This is not the government spending of WWII By Holly A. Bell On October 23, 2012, the Institute for New Economic Thinking (INET) hosted an economics discussion with Paul Krugman and Joseph Stiglitz. The moderator of the discussion asked the Nobel Memorial Prize in Economic Sciences winning economists what the solution to our current recession …
Why Krugman and Stiglitz Are Wrong About Government Spending Read More »
US Fiscal Moment: Cliff, Slope, or Wile E. Coyote? (via Market Shadows) Courtesy of ZeroHedge. View original post here. The overhwelming majority of investors seem to believe that some compromise will be reached to resolve the looming fiscal drag, and as we noted here, this fact is more than priced into markets. As Barclays notes …
US Fiscal Moment: Cliff, Slope, or Wile E. Coyote? Read More »
Elections are not for the faint of heart. By Holly A. Bell Elections make me ill tempered, surly, and curmudgeonly. I become the kind of person who wants to chase kids out of my yard and shake my fist at motorists who drive too fast in my neighborhood. I feel a sense of urgency and …
Central bankers have the power to provide limitless cheap credit to governments. But that doesn’t fix the economy. Central Bank Power And Its Limit By Larry M. Elkin The euro will not dissolve, and the U.S. Treasury can borrow as much money as it wants while paying practically no interest, all because a couple of …
Mitt Romney and Taxes By Holly A. Bell I don’t disagree with Mitt Romney’s comment that the 47% of Americans who don’t pay personal income taxes won’t vote for him, but for a different reason. He describes these individuals as “victims” who are dependent on entitlements. While the U.S. probably has people within this group …
Why The 47% Won’t Vote for Romney and Why It Reflects Poorly on America Read More »
The Fed as Central Planner By Holly A. Bell In an article in the Wall Street Journal (available here), John H. Cochrane of The University of Chicago accuses the Federal Reserve of moving from a central bank to a central planner by engaging in fiscal policy and determining the allocation of credit. I must say …
Is the Power to Implement Fiscal Policy Being Transferred to The Fed? Read More »
