Cash for Clunkers Generates 700,000 new car sales...
And in related news the window making industry is rebounding.
Seriously...I thought we had moved passed this ignorance.
Wednesday, August 26, 2009
Tuesday, March 17, 2009
Government Regulation is a "Pandora's Box"
The following quote from a World Net Daily article reveals the fundamental flaw in the small government conservative philosophy:
"We need somebody to watch over us when we're eating food that comes from thousands and thousands of miles away. We need some help there," he said. "But when food comes from our neighbors or from farmers who we know, we don't need all of those rules. If your neighbor sells you something that is bad and you get sick, you are going to get your hands on that farmer, and that will be the end of it. It regulates itself."
What this individual does not understand is that opening the door to any regulation is a slippery slope. There is no clear or natural line at which regulation should begin and end. It is completely at the discretion of legislators under the influence of special interests. And once people have given the government the power to regulate part of their lives, the only remaining question is "to what degree should government regulate?" The only two points of equilibrium are 0% and 100%. And once we have passed 0%, it is a steady march to 100%.
Frugality and Hard Work is the True Stimulus
In an article about how families are becoming more frugal in the face of economic hardship, an AP journalist quotes Beth Rogers, a Fayetteville, Arkansas homemaker:
"I think that's the hardest thing, just knowing that I'm not helping the situation. I know I need to be supporting the economy and keep it going, but I just can't."
It is almost criminal how big government Keynesians have duped so many individuals into this false sense of obligation.
Beth, you are helping the situation. You are supporting the economy. Keep up the good work!
Sunday, March 15, 2009
Global "Super-Currency"... and so it begins
Finance ministers from the G20 meeting this week 'supported "unconventional measures" such as quantitative easing."'
What is "quantitative easing" you may ask? The subtitle from an article in Friday's Telegraph is informative:
What is "quantitative easing" you may ask? The subtitle from an article in Friday's Telegraph is informative:
The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
Here's a sincere quote from one of the IMF's former economists:
"The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them. The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."Bonus dollars?!? These guys have absolutely no understanding of capital theory. Global currency - here we come.
Friday, March 13, 2009
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