Thoughts On Resentment Against The 47%

I’m not sure we are seeing all the sources of resentment against the fabled 47% who don’t pay income taxes. Romney was caught affecting to despise and write off this 47% who, according to Romney: a) Don’t pay income taxes. b) Are going to vote for Obama. c) Are dependent and think . . . . Continue Reading »

The Price of Chinese Ultra-Nationalism

There’s tons of international stories that Americans don’t follow very closely, a pattern of behavior that is quite human, really. But I am convinced that what’s been going on in China is a huge story that most Americans have not yet paid adequate attention to. A fellow at Forbes, . . . . Continue Reading »

The Republican Nightmare Scenario

At first glance it seems to be a Romney nightmare scenario : Which leads to Romney’s nightmare scenario: If things don’t turn around for Romney soon, those super PACs may give up on the task of electing Romney as president and turn to the task of encircling Obama’s second term with a . . . . Continue Reading »

A Currency War We Have No Right to Believe in

That how Brian Domitrovic , the only American who understands completely how and why supply-side economics actually works, characterizes our new monetary policy: The idea is that if all the spending and regulation of the last few years has only resulted in nil growth, stubborn unemployment, . . . . Continue Reading »

Ivan the K on Our Politicized Fed

According to Ivan, there’s nothing new about our banker-in-chief being the partisan tool of our commander-in-chief: But whatever Bernanke’s own personal motivations may be, free from or encumbered by political inclinations, the transformation of the Fed since the late 1970’s makes . . . . Continue Reading »