Category Archives: Economics

Commentary on economic issues

The ugly truth about ‘collective’ bargaining

Less than two weeks ago political strategist Dick Morris conducted a poll of likely Wisconsin voters that produced some strange results. By a margin of 74-18, those polled want teachers and other government workers to contribute more toward their health insurance premiums, and by an even larger margin (79-16) they want public employees to pay … Read more The ugly truth about ‘collective’ bargaining

Obama, Palin and the ‘Sputnik moment’

Aha! The lamestream media has caught Sarah Palin committing another Palinism! In his State of the Union address Tuesday, President Obama invoked the Sputnik, the artificial satellite the Soviet Union launched into orbit October 4, 1957, to justify new government spending programs (which he called “investments”): Half a century ago, when the Soviets beat us … Read more Obama, Palin and the ‘Sputnik moment’

Monetization and insanity

Insanity, according to an aphorism often attributed (probably erroneously) to Albert Einstein, is doing the same thing over and over again and expecting different results. Last week Federal Reserve Chairman Ben Bernanke announced that the Federal Open Market Committee plans to purchase $600 billion in longer-term Treasury securities between now and the middle of next … Read more Monetization and insanity