The Choice Is(n’t) Yours

It doesn’t get much clearer than this:

The first case—Obama triumphant—obviously makes it easiest to imagine America doing what it takes to restore full employment. In effect, the Obama administration would get an opportunity at a do-over, taking the strong steps it failed to take in 2009. Since Obama is unlikely to have a . . . → Read More: The Choice Is(n’t) Yours

Thoughts On Ron Paul’s Budget Proposal

First, a summary from the WSJ:

GOP presidential candidate Rep. Ron Paul will unveil his economic plan Monday afternoon, calling for a lower corporate tax rate, cutting spending by $1 trillion during his first year in office and eliminating five cabinet-level agencies, including the Education Department, according to excerpts released to Washington Wire…

But . . . → Read More: Thoughts On Ron Paul’s Budget Proposal

Thanks VIX, But I Don’t Need Your ‘Fear Index’ to Tell Me People Are Nervous About the Economy

Why, oh why, did the biggest financial crisis since the Great Depression have to hit during a presidential election year?

The ‘Fear Index’, also known as the VIX (or, officially, the Chicago Board Options Exchange Volatility Index) is a financial tool that measures market swings or volatility. The higher the VIX goes, the scarier . . . → Read More: Thanks VIX, But I Don’t Need Your ‘Fear Index’ to Tell Me People Are Nervous About the Economy

Monetarism or the Austrian School: Which Is More Effective?

At a most appropriate time, Sukrit asks:

What is the difference between the Austrian business cycle theory and monetarism, and which one do you think is a more accurate description of how the economy works?

The first part is fairly easily . . . → Read More: Monetarism or the Austrian School: Which Is More Effective?

Canadian Elections Ignored?

Several questions during the last few days pointed out the obvious: lost in the media coverage of the American financial crisis and the tail end of the presidential election seems to be the fact that there really is news beyond Wall Street and Main Street.

I . . . → Read More: Canadian Elections Ignored?

Ron Paul Endorses Chuck Baldwin in Surprise Announcement

To the surprise of most observers, Ron Paul – who claimed he would stay neutral between the presidential candidates of the Constitution and Libertarian parties – endorsed the Constitution Party’s Chuck Baldwin in a blog post made on September 22. Baldwin acknowledged and accepted the endorsement the following day.

Paul, whose candidacy brought together . . . → Read More: Ron Paul Endorses Chuck Baldwin in Surprise Announcement

Election Issues IV: “The Palin Effect” and Working Moms

Let me just say right off the bat that I’m not here to add fuel to the raging tabloid fires burning everywhere these days over John McCain’s selection of Sarah Palin as his running mate. Better bloggers than I have already said better things than I can even imagine, both pro and con and . . . → Read More: Election Issues IV: “The Palin Effect” and Working Moms

Ron Paul’s “Rally for the Republic” in St. Paul, Minnesota

Economically speaking, the Democratic and Republican conventions were exercises in massive self-delusion. Barack Obama and his party acolytes bragged about how they would spend money we don’t have (we’re $10 trillion in the hole, by the way), and McCain and the Republicans promised to balance the budget, strengthen the dollar, and close the $70 . . . → Read More: Ron Paul’s “Rally for the Republic” in St. Paul, Minnesota

Election Issues III: America’s Two Economies

By the time November rolls around, Americans will have heard more economic numbers crunched in more creative ways than anyone ever would have imagined possible. That’s the mathematical formula for recreating any candidate in the image of a populist hero: numbers and more numbers. Bury ‘em in numbers, and if they start asking questions, . . . → Read More: Election Issues III: America’s Two Economies

Election Issues II: Tax Breaks for the Middle Class

In an election year, we hear a lot about the rich and the middle class and usually thrown into the discussion is the word “tax” and lots of rather heated rhetoric concerning how heavily the government should lean on people. One of the reasons this has become an issue this election is that Democratic . . . → Read More: Election Issues II: Tax Breaks for the Middle Class