ATLANTA – Smug economic super-genius, Paul Krugman, has recently been pillorying Barack Obama for thinking too small with his economic stimulus packages. Paul Krugman is a super-genius, because he has a nobel prize in economics- and is a liberal. (For the record, other nobel prize winners in economics, like Friederich Hayek and Milton Friedman, are not super-geniuses because they are not liberal). At [...]
Posts Tagged ‘Economics’
The China Bubble
Posted in Economy, Foreign Affairs, tagged Charlie Rose, China, Economics, Finance, Freedom, Gloabal Economics, Investing, Investment, money, Shorting, Tim Hanson on April 23, 2010 | 5 Comments »
BECKLEY — As many of you know I’m pretty long on China as an investment and am constantly looking for more investments in China either through ADR’s or directly on the Hong Kong Exchange. However, there is a very interesting view espoused by James Chanos on Charlie Rose that sounds pretty counter my views. Even [...]
Brutal Economic Consequences
Posted in Current Events, Economy, Politics, tagged Economics, Finance, Freedom, Government Debt, Investment, Obama, Peter Schiff on April 2, 2010 | 1 Comment »
BECKLEY— Not sure who is familiar with Crash Proof 2.0 and Peter Schiff. You should check out the book and his investment firm (Euro Pacific Capital) if you have the free time. Anyways, Mr. Schiff’s views on economics and investments seem RIGHT ON to me. He recently wrote an article that slams into our current [...]
Hu Jintao to Visit the U.S.
Posted in Economy, Foreign Affairs, Politics, tagged China, Economics, Freedom, Politics, renminbi, United States, yuan on April 1, 2010 | Leave a Comment »
BECKLEY— Upon reading an article in the New York Times I was dumbfounded. The article titled “China Visit May Signal Easing by China on Currency” must have been an April Fools joke. Simply the article states the following: The number hovers around 6.827. It is the nearly fixed rate of exchange between China’s currency, the [...]
Debt and Productivity
Posted in Domestic Affairs, Economy, tagged debt, Economics, Economy, Freedom, Government Spending, Obamacare, Politics, Productivity, Taxation on March 26, 2010 | 10 Comments »
BECKLEY— What backs America’s money? Debt. The value of the dollars you earn from your production (nationally GDP) in your pocket are backed by America’s ability to print more money. The following chart shows this:
Government Spending and Ignored Warnings
Posted in Economy, Politics, tagged CATO, Economics, Freedom, Government Spending, Politics, State Spending, Taxes on March 6, 2010 | 9 Comments »
BECKLEY— In this CATO Institute blog they point out several million of $90 billion in Federal spending that the Department of Transportation has recently given out. They follow up with a warning from a 1932 book, Congress as Santa Claus, written by Charles Warren: