Municipal tax assessments set to soar in 2009 (1)
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Technorati Business Channel (0)
3 days, 2 hours
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Property tax bases are jumping across most of New Brunswick but with an economic slowdown looming the Opposition Conservatives are calling for property tax relief.
Obama's Economic Team: More of the Wrong People (3)
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Richard Ebeling (0)
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Mises Economics Blog (0)
3 days, 7 hours
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President-elect Obama has announced that Paul Volker will head a new Economic Recovery Advisory Board that will propose interventionist policies to bring about economic recovery from the recession. At the same time, Obama announced that University of Chicago economist, Austan Goolsbee, wil head the staff of this new advisory board. Goolsbee believes that incentives matter, and because of this he believes that goverment can, therefore, manipulate tax rates and market prices (through various fiscal and ...
Welcome to Fascist Britain (2)
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The Adam Smith Institute Blog (0)
3 days, 7 hours
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Apparently we now live in a country where opposition members of parliament can be arrested by counter-terrorism police for holding the government to account. It is things like this that really bring home the sickening reality of what the current government has done to this country. If it turns out they knew about Damian Green MP's arrest in advance, then they really are beneath contempt. Anyone who values freedom should be disgusted by this latest ...
U.S. war on drugs has failed, report says (2)
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digg.com: Stories / Popular (91)
3 days, 21 hours
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The United States' war on drugs has failed and will continue to do so as long as it emphasizes law enforcement and neglects the problem of consumption, a Washington think tank says in a report co-chaired by a former president of Mexico.
Wasteful “Stimulus” Packages by Government Don’t Work (1)
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Doug Bandow (0)
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OpenMarket.org (0)
4 days, 8 hours
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Only in Washington could politicians and bureaucrats dump more than $2 trillion into bail-out money holes and then claim that the federal government needs to spend several hundred billion more to “stimulate” the economy. If a little of something fails, goes the mantra in Washington, do a lot of it! Especially if it is money. But the Japanese government tried the same strategy to bring the country out of its economic slump, with disastrous results. ...
Regulation and the financial crisis (1)
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The Adam Smith Institute Blog (0)
4 days, 8 hours
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In a new ASI briefing paper – The Financial Crisis: Is Regulation Cure or Cause? – Tim Ambler examines demands for financial stability and security though increased regulation. The question the paper poses is whether existing regulation mitigated the 2008 financial crisis, had no impact, or exacerbated it. Answering this question is the key to deciding how we respond to the crisis. A few main points: The crisis may have begun in the US, where ...
Obama's Economic Team Not Pro-Market (2)
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Richard Ebeling (0)
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Mises Economics Blog (0)
4 days, 22 hours
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Some commentaries in the press in the last few days have tried to present Obama's economic team as being "pro-market." In a recent symposium that I was asked to participate in on the National Review Online website, I suggested that the economic team that is being put together by the present-elect is most certainly not pro-market. They want to manipulate markets to achieve their interventionist and welfare redistributive policies. My brief comments may be accessed ...
Destined to Fail (1)
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panzner (0)
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Financial Armageddon (0)
4 days, 22 hours
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Most regular visitors to Financial Armageddon know where I stand in regard to the mindset of mainstream economists and their other-worldly views on how things work -- or, should I say, are supposed to work. While there are many areas of life where the theories of the dismal scientists are proved wrong on a regular basis, the financial markets offer the best examples. Contrary to what the economists say, for instance, there are many occasions ...
Pointless, Political, and Pork-filled (2)
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David Boaz (0)
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Cato @ Liberty (4)
5 days, 4 hours
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Greg Mankiw speculates on the best alliterative description of the stimulus package: Instead of fiscal stimulus that is temporary, targeted, and timely, John Taylor suggests that it be permanent, pervasive, and predictable. What the Obama administration is aiming for, it seems, is helpful, hopeful, and humongous. Critics fear it might end up pointless, political, and pork-filled. —– Update: A reader emails me that Larry Summers now calls for stimulus that is speedy, substantial, and sustained. ...
Bailouts May Scare U.S. Economy to Death (6)
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Andrew J. Coulson (0)
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Cato @ Liberty (4)
5 days, 6 hours
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A Pew Research poll conducted more than a week ago found that 57 percent of Americans are terrified by Bailout Mania 2008. That was several days, and many billions of dollars, before Bloomberg reported that U.S. taxpayers are now on the hook for $7.7 trillion in bailout bucks — half of the nation’s entire GDP for the past year. At this point, not even Carl Sagan could get a handle on the numbers we’re talking ...
Atlas Shrugged - Updated (17)
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Alex Tabarrok (3)
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Marginal Revolution (14)
5 days, 10 hours
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"Damn it, Dagny! I need the government to get out of the way and let me do my job!" She sat across the desk from him. She appeared casual but confident, a slim body with rounded shoulders like an exquisitely engineered truss. How he hated his debased need for her, he who loathed self-sacrifice but would give up everything he valued to get in her pants ... Did she know? "I heard the thugs in ...
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Spencer said:
The Hank-Dagny sex scene induced by the brilliance of his hedge fund proposal is worth the price of admission.
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Akshay said:
hilarious (!!) ayn rand remix
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Satyajeet said:
:):)
Bring Your Questions for Ross Perot (1)
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By Stephen J. Dubner (2)
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Freakonomics (3)
5 days, 10 hours
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No, you are not imagining things. This is the Q&A-with-elder-statesmen-who've-made-unorthodox-but-splashy-runs-for- president season. Ross Perot We just finished up with Ron Paul. Now it's Ross Perot's turn. Perot ran for president in 1992 as an independent candidate, winning 19 percent of the vote; he ran in 1996 on the Reform Party ticket, winning 8 percent of the vote. These [...]
Barack Obama Wants to Cut the Budget (2)
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Doug Bandow (0)
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OpenMarket.org (0)
5 days, 11 hours
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Like, oh, maybe 40 of the presidents before him, Barack Obama says that he wants to cut out wasteful programs. At least George W. Bush, the most spendthrift chief executive in decades, has made it easy in comparison. It will be hard for President Obama to outspend the Republicans. Still, making a difference in the federal budget won’t be easy. After all, the bail-outs almost certainly aren’t over, and then there’s billions or zillions or ...
Hayek Speaks on Inflation and Unemployment (1)
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Peter Klein (0)
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Organizations and Markets (0)
5 days, 11 hours
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| Peter Klein | Kudos to Jeff Tucker for unearthing this 1975 interview from Meet the Press. Notes Jeff: The line of questioning he endures is hilariously naive and idiotic. We think we have a Keynesian problem now; it’s clear that these people really believe that policy makers can manipulate the economy like a machine, trading off unemployment for inflation and back again, with no trouble. John Cochran suggests another Hayek appearance from 1975, this ...
The Attempt at Vindicating Lincoln (1)
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David Gordon (0)
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Mises Economics Blog (0)
5 days, 13 hours
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When I reached page 222 of Vindicating Lincoln, I almost threw the book across the room. In trying to understand his gross errors, we arrive at a key fact. The author was a student of Harry Jaffa, and his book defends to the last detail Jaffa's analysis of Lincoln. In the end, however, Krannawitter has vindicated neither Lincoln nor Jaffa. FULL ARTICLE
What Type of Monetary Policy Can We Expect in the Future? (1)
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Technorati Business Channel (0)
5 days, 17 hours
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Given that debates on how to fix the financial crisis have become the conversation du jour, now seems like an appropriate time to re-visit various monetary theories to see what works. So here goes: Keynesian. John Maynard Keynes is the father of contemporary macroeconomics. I would consider this to be a rather negative claim, given that Keynesian policies are at the heart of our current crisis. According to Keynes, deficit spending is not a problem, ...
How will Obama now use his Internet army? (2)
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Don Tapscott (2)
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Wikinomics (2)
6 days, 5 hours
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Had an interview with Newsweek on one of the biggest challenges facing the Obama administration: How to make best use of the millions of plugged-in supporters that worked for the Democratic contender during the election and were critical to his success. I encourage you to read the whole story, and you will see on the second page a disagreement between DailyKos.com’s Markos Moulitsas and myself: The trick for Obama will be to lead the Netroots ...
Perot Charts (0) permalink
We have posted a revised and simplified (shorter) presentation on the financial challenges facing the United States at http://perotchart.... Let us know what you think. Many of the changes were driven by comments from our readers. Please tell your friends and family about this presentation by emailing them a link to it. The more people we can educate on these issues the better. Finally, you can express your concern by sending an email to your ...Shared by Jabs (0)Contribute comment
