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Insane: Stocks Markets Rally On Economic Disasters

Eurozone’s economy is basically in recession. Walmart lowered expectations. Again. The world is teetering on the edge of World War. The US is launching Iraq War 3.0: Mission Accomplished Accomplished. Germany’s economy is flat, and Italy and France are getting worse. Risk is high. Corporate debt is staggering. The Fed’s balance sheet is a sea…

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Are We Watching The Central Bank Era End?

Are they going to peg all the banks? Why, they could buy ground and build a new Mississippi cheaper. They are pegging Bulletin Tow-head now. It won’t do any good. If the river has got a mortgage on that island, it will foreclose, sure, pegs or no pegs. – Mark Twain quoting Uncle Mumford, Life on…

3 Points on the Pope’s Economics **Update**

Last week, Pope Francis all but denounced free market capitalism as a sin. Luckily, he wasn’t speaking from the Seat of Peter, but from his own misguided view of the world. Much of Francis’s statement gives important and honest direction to a world consumed with fame and money. The Pope is right in decrying systems in…

Government Planning Is Killing the Economy

Friedrich Hayek warned more than half a century ago that central planning doesn’t work. Here’s why: Central Planners (government) makes a plan The plan includes specific expectations The expectations are never, ever, realized A “crisis” ensues So the planners demand more control And create more plans Ad hoc Willy nilly Capriciously So you must wait for things…

Obama Shuts Down Another Small Business

200,000 That’s the number of small businesses lost during the Obama Administration. If re-elected, Obama promises to accelerate the policies that destroyed American jobs, investments, and companies. Voting isn’t enough. We need your help at 9966 Lin Ferry Drive, St. Louis, MO 63123. Pick you day to work the phones and get out the vote:…

The Economy Is Getting Worse Thanks to Liberalism

  The horror in Aurora, Colorado, gave President Obama a little cover last Friday.  That’s because the Labor Department announced that unemployment rose in 27 states. President Obama promised to hold unemployment under eight percent if Congress passed the stimulus package in 2009. Congress did, but Obama failed.  Remember all those green jobs?  They’re gone.…

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Business Insider Has No Idea Where Money Comes From

I love some things about Business Insider.  Mostly its great headlines. Unfortunately, sometimes its writers show an ignorance of basic economics in their rush to catapult Obama to a second term.  Joe Weisenthal is just the latest example. Joe tries to claim that economic recovery in the US is retarded by loss of public sector…