Fiscal Policy
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The Euro-Crisis: Fear Is Back in Play
“Now, fear is back in play,” said William H. Gross, managing director of Pimco, as the European crisis is sending shock waves into financial markets around the world. There is fear that the sovereign debt crisis could freeze up the euro-zone interbank market, in a replay of the credit crunch of 2007-2008. Several major European…
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Europe’s Political and Economic Crisis
Some interesting news items this week on the European crisis: A “wild week” (Financial Times) “Fears of eurozone sovereign risk contagion to banks, tighter monetary policy in China and surprise intraday selling by electronic trading systems united to deliver the worst week for global equities since the height of the financial crisis.” “For investors, the…
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Another Financial Crisis in the Making
World-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening. The Dow fell 1000 points–its worst ever intraday drop–before rebounding, but still ended down more than 3 percent (as did the S&P 500 and Nasdaq). Other factors played into this incident as well–a mistaken sell order from Citigroup, unfortunate consequences…
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Spending on Full
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity. I also highly recommend it to those who have still not yet grasped the truth…
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Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
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We Are Not All Keynesians Now
The financial crisis and global recession has brought traditional Keynesian policies back to the fore. However, not all economists are Keynesians now.
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“Why Default on U.S. Treasuries is Likely”
“Almost everyone is aware that federal government spending in the United States is scheduled to skyrocket, primarily because of Social Security, Medicare, and Medicaid. Recent “stimulus” packages have accelerated the process. Only the naively optimistic actually believe that politicians will fully resolve this looming fiscal crisis with some judicious combination of tax hikes and program…
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“Garrett Demands Further Answers from Geithner”
“Rep. Scott Garrett (R-NJ) is calling on Treasury Secretary Timothy Geithner to clarify the uncertainty surrounding the status of the GSE debt; specifically, whether the corporate debt issued by Fannie and Freddie is considered sovereign debt.” Read more. “Garrett Demands Further Answers from Geithner Regarding GSE Debt” Press Release, March 23, 2010. Via Congressman Scott…
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The Healthcare Question Revisited
A few weeks ago, I wrote a piece on the effect the new healthcare bill will have on your money, namely, the inflation that will result when the new system begins to run over the budget. This week, I’d like to address a few of the reasons why I believe that the expenses will be…
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How Does Obamacare Affect Your Money?
Last August, Ramesh Ponnuru, senior editor for National Review magazine and a contributor to many leading newspapers such as the New York Times, the Washington Post and the Wall Street Journal, published a Time article on Obamacare and its paradoxes. Over the past few months, this article has lost none of its relevance on the current…
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The Euro-Crisis: Fear Is Back in Play
“Now, fear is back in play,” said William H. Gross, managing director of Pimco, as the European crisis is sending shock waves into financial markets around the world. There is fear that the sovereign debt crisis could freeze up the euro-zone interbank market, in a replay of the credit crunch of 2007-2008. Several major European…
-
Europe’s Political and Economic Crisis
Some interesting news items this week on the European crisis: A “wild week” (Financial Times) “Fears of eurozone sovereign risk contagion to banks, tighter monetary policy in China and surprise intraday selling by electronic trading systems united to deliver the worst week for global equities since the height of the financial crisis.” “For investors, the…
-
Another Financial Crisis in the Making
World-wide stock markets plunged yesterday as the ongoing sovereign debt crisis in Europe is worsening. The Dow fell 1000 points–its worst ever intraday drop–before rebounding, but still ended down more than 3 percent (as did the S&P 500 and Nasdaq). Other factors played into this incident as well–a mistaken sell order from Citigroup, unfortunate consequences…
-
Spending on Full
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity. I also highly recommend it to those who have still not yet grasped the truth…
-
Wolf and Krugman Discuss Austrian Economics
Martin Wolf (Financial Times) and Paul Krugman (New York Times) discuss Austrian economics.
-
We Are Not All Keynesians Now
The financial crisis and global recession has brought traditional Keynesian policies back to the fore. However, not all economists are Keynesians now.
-
“Why Default on U.S. Treasuries is Likely”
“Almost everyone is aware that federal government spending in the United States is scheduled to skyrocket, primarily because of Social Security, Medicare, and Medicaid. Recent “stimulus” packages have accelerated the process. Only the naively optimistic actually believe that politicians will fully resolve this looming fiscal crisis with some judicious combination of tax hikes and program…
-
“Garrett Demands Further Answers from Geithner”
“Rep. Scott Garrett (R-NJ) is calling on Treasury Secretary Timothy Geithner to clarify the uncertainty surrounding the status of the GSE debt; specifically, whether the corporate debt issued by Fannie and Freddie is considered sovereign debt.” Read more. “Garrett Demands Further Answers from Geithner Regarding GSE Debt” Press Release, March 23, 2010. Via Congressman Scott…
-
The Healthcare Question Revisited
A few weeks ago, I wrote a piece on the effect the new healthcare bill will have on your money, namely, the inflation that will result when the new system begins to run over the budget. This week, I’d like to address a few of the reasons why I believe that the expenses will be…
-
How Does Obamacare Affect Your Money?
Last August, Ramesh Ponnuru, senior editor for National Review magazine and a contributor to many leading newspapers such as the New York Times, the Washington Post and the Wall Street Journal, published a Time article on Obamacare and its paradoxes. Over the past few months, this article has lost none of its relevance on the current…
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