?OK, I think there are any number of reasons why Ms. Clinton should not be considered for the presidency. But I guess I need to add delusion to the list.
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.
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.
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.
We’ll see how Brat does, but at this moment the American political calculus has changed fundamentally for the better.
Free enterprise, free markets, free prices are however increasingly what a very large portion of the American people want.
Public sector unions are out of control. They are extracting wealth from the productive economy and playing taxpayers for chumps.
We are so conditioned to the idea that the cost of renting money fundamentally should be determined by a central bank that most don’t think anything of monetary policy.
The short answer is yes. Don’t worry Democrats (and Republicans) Hillary will be plenty liberal or “progressive” or whatever the word for statist will be in 2016.
If indeed Piketty “fudged” his data as the Financial Times claims that is just another reason Mr. Pikkety is not the heavyweight some thought he was.
The big bad startups are running roughshod over the poor innocent regulators who just happen to be interested in crushing Uber and Airbnb into the ground with a boot heal to protect the taxi companies (Uber) and the hotel industry (Airbnb.)
Malinvestment is a very important concept to understand. It simply means the allocation of capital in ways which appear to be (and may be) rational in a period of artificially cheap credit, but in ways which in the end prove to be inefficient once the market corrects for artificially low rates.
TARP was the absolute height of crony capitalism. Many of the big banks should have gone down, but in the midst of a “Blackberry panic” – as David Stockman puts it – the masters of the masters of the universe lost sight of reality and the nature of markets.
Sounds like Geithner’s book is another one to pick up in the bargain bin in a couple months along with Thomas Piketty’s.
Right now if one wants to buy beer or liquor in the Keystone State one must buy it from the state owned liquor stores.
Lefties and small govt people should work together to dislodge the establishment...
This middle class surge, empowered by the Internet, has befuddled the party establishments on both sides of the Atlantic. They are not used to an informed and active electorate holding their feet to the fire.
Many modern economists like to think of themselves as scientists, or at least something close to scientists. But instead of white coats they wear tweed jackets and instead of verifiable results they produce excuses
For all the talk of Obamacare signing up 7 million people, it is rarely reported that over 80% of the people who signed up were dropped off of their former policies because of Obamacare. Many people haven’t paid their premiums yet either.
To challenge the monster is to challenge the way of life of many who have long ago made peace with (in some cases) or cozied up with (all too often) the beast.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 29th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 28th, 2014 | John Ransom