Conservatives are agog over Obama’s inept response to Obama’s 17-minute, 2,500-word response to woman’s claim of being ‘over-taxed’. It’s a hot topic; high taxes are the heart of the Tea Party Movement. But are we over-taxed? A few simple graphs give a decisive (and unhappy) answer. Can we cut expenditures to balance the budget? Are …
Summary: Team Obama has chosen the soft path to economic recovery. Spend money while stalling any substantial reforms. No confronting our deep structural reforms, just wait for the recovery due later this year. It might work — reliable forecasts are difficult or impossible these days — but its failure would leave us far weaker, making …
Napoleon’s advice to President Obama about the financial crisis Read More »
As the evidence grows that global oil production will peak in the next decade, many Americans grow increasingly frantic to deny this possibility. Hence the campaign against speculators (an historically common response to changed conditions). We see this even by intelligent and experienced people, showing how deeply rooted is our desire not to make the …
