Malinvestment in China proceeds at a staggering pace. Technically, this growth adds to GDP, but eventually it will be written off.
Usually they euthanize animals after such an incident. And I would suggest to the Democrats that at the least they should consider castration. I mean if Michelle will let them have the parts for a while.
The moral of the story is that poverty is, or at least was, the natural state of humanity. But then something remarkable happened. The power of government was constrained and the vitality of markets was unleashed. The rest, as they say, is history.
It was already pretty dim for anyone who understands how insurance works. I used to be an insurance underwriter and I’ve been wondering since the beginning how anyone thought Obamacare was going to work.
The great whiskey drought of the 2010’s will soon be upon us. I know what you’re thinking: Is this how the apocalypse arrives?
Last week, an anonymous buyer, bidding by telephone at Sotheby’s on the Upper East Side in New York, paid a record $9.5 million for a British Guiana One-Cent Magenta postage stamp from 1856.
There are two perspectives that investors may use to assess emerging markets. In the first view, the easy-money policies of central banks are buoying the share prices of publicly traded companies and enhancing the returns for investors in emerging markets.
When the folks at the top grow so out of touch with the rest of us that they believe a vast majority of us will applaud any stupid thing they do because we are told to, well that’s not history, that’s an Aesop fable or a fairytale.
Willie Sutton was once asked why he robs banks. His response was simple “Because that’s where the money is!” Given the infinite wisdom of Senator Max Baucus, Representative Charlie Rangel, and Senator Harry Reid we are about to embark on a world wide search for money.
Tomorrow, state officials in California will review a petition to gain a vote in November that would reduce prison sentences for non-violent felonies. Backers claim that there are more than 800,000 signatures already, which exceeds the 504,000 signatures needed.
Recently Federal Reserve Governor Jeremy Stein commented on what has become obvious to many investors: the bond market has become too large and too illiquid, exposing the market to crisis and seizure if a large portion of investors decide to sell at the same time.
GDP for the first quarter of the year actually contracted by almost 3 percent. In other words: Our economy is so bad we can’t weather a winter – and Obamacare isn’t costing workers enough to “save” our GDP numbers. Hooray Obamanomics, right?
Obama is angling toward some kind of federal fund that would eventually be funded by "rich" workers with families, goals, dreams, and businesses where the nation would get out of its "outdated" ways of thinking.
Today, the Ministry of Defense said Iraqi forces have regained control of the al-Walid border crossing with Syria and the Turaibil border crossing with Jordan. The government's claim is not confirmed and appears doubtful.
I can’t resist noting that Hillary thinks giving speeches is “hard work.” Since I occasionally get paid to give speeches (though only a tiny, tiny fraction of the $200,000-plus that she receives), allow me to state for the record that it is the easiest money to earn.
The audacity of the U.S. Patent and Trademark Office in canceling the trademark of the Washington Redskins is frightening. When the government is in charge of deciding what is offensive and what is not, and has the power to punish the "offenders," we move further away from a free society and closer to a tyrannical nanny state.
To put it simply, Obama doesn’t care about your job, your house, your education, or your income… He cares about politicking, with you as a prop. America is ready for an economic comeback – we just need a competent leader or two in DC to pull back the bureaucratic curtain.
I like a good cigarette and moules marinières as much as the next guy (unless, of course he’s French… then he might like it more) but, I’m not thrilled about living in the socialist-lite version of Europe’s paradise for workers.
With occasional exceptions such as Switzerland and Estonia, there’s rarely good news from Europe. At least with regards to fiscal policy.
There’s a reason the IRS believes they can get away with this fiasco… They’re the IRS. They’re pretty much the definition of “power”.
The devil, of course, is in the details. What rule should prevail? There is an almost superstitious truculence on the part of world monetary elites to consider the restoration of the gold standard.
I know that leftists like to portray Capitalism as a giant factory pumping radioactive sludge into some victimized river - but that’s just not the case.
By executive order, president Obama has acted to cut greenhouse gas emissions in the US, allegedly to halt global warming. However, greenhouse gas production is a global thing so it's important to consider global ramifications of US policy decisions.
Depending upon the household income of those who bought health insurance through the ACA exchanges, the amount of subsidies that they might need to repay when they file their 2014 income tax returns could be hundreds or thousands of dollars.
Since I’ve already created a Moocher Hall of Fame to acknowledge the strangest and most reprehensible examples of government dependency, it’s occurred to me that there also should be a Bureaucrat Hall of Fame...
As government has grown larger, as the cronies have amassed more power and money, the tools of law enforcement have become more powerful both on the street and in the courts.
We are transitioning from the Information Age into the Applied Science Age. What this means above all is that assertions used to affect the behavior of others can be quickly confirmed or disproven.
Ok, I must be having a stroke: I think I agree with her words. Something tells me, however, that our solutions are probably a bit different.
The split, 2-1, decision by unelected trademark board members shows the increasingly heavy hand that politics is playing in the activities of the private sector.
This is what I say to union folks: You want to be involved in politics, then stop whining when politics don't go your way. You want to go back to bargaining for employees, rather than bargaining for politicians, then be my guest.
One of the many challenges of being libertarian is that people sometimes think you’re naive about foreign policy.
The bureaucratic class is little understood by those outside of the DC metroplex. It is massive. It is well paid. It is powerful. And it is a danger to this country. That’s right a danger.