"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy."
Ideas about how an economy works. Organized ideologies about economies go by names like Keynesianism, neoclassical economics, socialism, etc., etc.
Janet Yellen, Chairman of the Federal Reserve System Wikimedia Commons/United States Federal Reserve Wednesday and Thursday, Janet Yellen, the Chairman of the Federal Reserve, gave one of her periodic reports … Read More
Chaos, chaos everywhere! Image Credit: Flickr.com/SantaRosa OLD SKOOL It is sometimes said that “if the only tool you have is a hammer, then everything you see looks like … Read More
Adam Smith, the builder of a majestic Gothic cathedral of economic thought. by John Kay (1742-1826)/Library of Congress (PD-1996) This is the second of two posts on the applicability of … Read More
Organization of a feedback loop Wikimedia Commons/Brews ohare – Own work My friend Chease has again proposed I consider a very interesting article concerning Adam Smith’s “Invisible Hand”. Last August … Read More
Investors in the stock market getting their thrills! Wikimedia Commons/Boris23 The last few weeks with the stock markets have certainly been an exciting roller coaster … Read More
Idols of Capitalism in front of the Frankfurt Stock Exchange, Germany, a high temple of Capitalism Wikimedia Commons/Eva K. Since we looked at the various meanings people give to the … Read More
Mario Draghi, President of ECB, and Haruhiko Kuroda, Governor of BOJ Photo Credits: Wikimedia Commons/World Economic Forum and Asian Development Bank Now there are two central banks living in Alice’s … Read More
photo credit: Taxes – Illustration via photopin (license) This morning I read an astonishing conjecture that something could actually be done this year about the tax burdens hobbling the American … Read More
Budget Stops Growing! (But not for long.) Image Credit: International Liberty It was not supposed to be this way! Federal spending and budget deficits … Read More
Abandon Ship! Photo Credit: Flickr.com/Just Taken Pics The flow of big corporations abandoning the United States for more friendly business climates is increasing steadily. Some of the … Read More
How many of these should we make? Image Credit: Freeimages.com/Tracy Olson As the world confronts the smoking ruin of Keynesian monetary policy [see the posts Economic Damage Created … Read More
Sir Winston S. Churchill, Prime Minister of the United Kingdom, 1940 to 1945 and 1951 to 1955 Photo Credit: Wikimedia Commons/Library of Congress/United Nations Information Office “Socialism is the philosophy … Read More
FDR quote on Social Security Image Credit: Flickr.com/Donkey Hotey The hardest political job in cutting federal spending – … Read More
Federal government budget considerations (c) Can Stock Photo/robwilson39 I have been promising for some time now, most recently in What to Do About Keynesian Secular Stagnation, to discuss how the … Read More
The problem space: a system with chaotic boundaries Image Credit: Wikimedia Commons/Eequor In Central Planning for Chaotic Social Systems I discussed how social systems, particularly economic systems, are really chaotic … Read More
Chaotic Patterns Image Credit: Flickr.com/OLD SKOOL Santa Rosa At the end of my last post concerning the problems of the … Read More
“I’m here from the government, and I’m here to help!” Image Credit: FreeImages.com/Daniel Perry In the preceding post The Keynesian Excuse: Secular Stagnation, I described the Keynesian revival of the … Read More
Lawrence H Summers, leading Keynesian resurrecting Secular Stagnation Photo Credit: Wikimedia Commons/LHSummers The Keynesians must be panicking. In the United States, Europe, and Japan, nothing they have advised governments to … Read More
Tea Party Protest, Washington D.C. Photo Credit: Wikimedia Commons/Freedom Fan In my last post I commented on Peter Beinart’s confident prediction that America would follow the … Read More
Tomb of Karl Marx Photo Credit: Flickr.com/Matt From London These troubled times see Americans traveling in sharply different ideological directions. At least partially isolated from each other … Read More
Haruhiko Kuroda, Governor of the Bank of Japan Photo Credit: Wikimedia Commons/Asian Development Bank Move over Federal Reserve! You are not the only ones losing credibility and in the dog … Read More
Hillary, the Left Face of Obama Image Credit: Flickr.com/azrainman It is virtually impossible to discern anything positive about Hillary Clinton’s proposals … Read More
Total Retail Sales and its percent change from a year ago Image Credit: St. Louis Federal Reserve Bank/FRED Earlier this year, many had high hopes that the precipitous drop in … Read More
Alice entering the domain of the European Central Bank Image Credit: Wikimedia Commons/John Tenniel (1820-1914) (PD-US) Europe has now officially entered into the world of Alice in Wonderland! The European … Read More
Hauser’s Curve Image Credit: Wikimedia Commons/Sugar-Baby-Love If you were to plot federal government tax revenues as a fraction of GDP versus time, … Read More
A sub-prime mortgage? Photo Credit: FreeImages.com/Roland Maier Last July 20 I warned the federal government was beginning to practice the same irresponsible behavior that resulted in the … Read More
S&P 500 index at 12/1/2015 Image courtesy of StockCharts.com If you do a short search in … Read More
Federal Reserve Building, Washington DC Photo Credit: Flickr.com/wwarby Last September 10, I commented on Senator Richard Shelby’s Financial Regulatory Improvement Bill in A More Accountable Fed. Greg Ip in The … Read More
Choice of directions. (c) Can Stock Photo In our last post I described how Obamacare (aka Affordable Care Act or ACA) is falling ever downward in its death-spiral. Its crash … Read More
Stop Obamacare! (c) Can Stock Photo Whatever Powers rule the Universe have blest the Republicans. How else can one explain why the Democratic Party would be so foolish as to enact … Read More
