Today's warning: "SEXUAL HARASSMENT under socialism", Glenn Reynolds, The Instapundit, 4 April 2009 (link). Reynolds points us a sad story posted by Bryan Caplan (Assoc Prof Economics, George Mason U), Library of Economics and Literature, 4 April 2010 -- an excerpt from Eugen Richter's Pictures of a Socialistic Future (the punch line is at the end … Continue reading Today’s warning of a socialist future!
Part of conseratives' "the worse, the better" strategy is to arouse fear using a steady stream of "the end is neigh" warnings. This requires both imagination and a willingness to exaggerate. As seen when reading Reynold's and his peers since Obama's election. Hyping every bit of bad economic news. During the Bush years bad news was minimized or mocked (see examples … Continue reading Today’s agitprop: Don Surber borrows at a lower rate than does the US Government!
The new legislation, when it emerges from the Congressional sausage machine, will be an incoherent mess. Then come the administrative revisions, court challenges, and remedial legislation. Nonetheless this bill is a step in the massive reforms needed to contain the unaffordable growth of medical costs as the boomers retire -- and to close the large gap in cost-effectiveness between our system and those … Continue reading About the political significance of the conservatives’ health care propaganda
Summary: Does the American government retain the consent of the American people? What does that mean? The possibility of hard times ahead makes these theoretical questions of great practical importance. Polling data shows widespread dissatisfaction. Glenn Reynolds gives one interpretation, suitable for a nation for whom "it's not my fault" has become the national mantra. But perhaps we should … Continue reading Does the US government have the American people’s consent to govern?
Despite folks seeking to incite panic by comparing the US to Zimbabwe (e.g., Glenn Reynolds), the Federal Reserve is not monetizing the government's debt (aka massive printing of money). It's balance sheet has been flat since the end of 2008. The Fed expanded its balance sheet (printing money) in the 4th quarter of 2008, as the demand for cash skyrocketed -- … Continue reading The Fed is not wildly printing money, as yet no hyperinflation, we’re not becoming Zimbabwe