December 14, 2008
Via Rebuildtheparty.com comes this fascinating, almost 30-minute video, of Milton Friedman explaining the virtues of the free market and the vices of government intervention in the economy. The video truly is required watching material for all interested in this specific subject. That does not mean,...
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The American dream turns out to be a nightmare. The economy is in meltdown and the true nature of American management is revealed.Personal debt in the US in April 2008 was at 133.7% of personal income. This is a significant sum – it is around $2.5 trillion. Worse, core personal assets are dec...
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Dan at Dominica Weekly notices that the economic downturn is having a trickle-down effect on Dominicans who live abroad. ...
go to article »December 9, 2008
Barack Obama discovers a leak under his sink,so he calls Joe the Plumber to come and fix it.Joe drives to Obama's house, which is located in a very nice neighborhood and where it's clear that all the residents make more than $250,000 per year.Joe arrives and takes his tools into the house.Joe is led...
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AutoBlog, 2008...
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He talked mostly about the economy, of course, and it was all as eminently sensible and intelligent as ever. You can watch the interview in multiple parts on MSNBC.com - but here was the opening segment: Barack also used Meet The Press to announce his announcement (as it were) of Eric Shinseki as V...
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The current series of financial problems that are hitting many parts of national and international economic activities are bringing with them a series of hard questions that will be difficult to answer to every one's satisfaction. That is nothing new. But, when economic difficulties spread it is oft...
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This week: job losses, lightbulbs and crumbling schools: Click here to view the embedded video. ...
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Obama used his weekly address to lay out the basics of a massive public works program which will seek to bolster the economy and simultaneously fix aging infrastructure: Click here to view the embedded video. Throughout the campaign Obama has discussed the need for renovating infrastructure and the ...
go to article »December 4, 2008
Oliver Hart, professor of economics at Harvard, and Luigi Zingales, professor of finance at the Chicago Booth School of Business, say that Bush administration economists have abandoned principle in their rush to bail out financial giants AIG, among others. The government, Hart and Zingales say, shou...
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