I was recently reminded of the old argument about Say’s Law, and that reminded me that it was Keynes who twisted Say’s theories around to create the ridiculous argument that supply created its own demand, which I say is a load of crap, which pretty much sums up a lot of what Keynes did, probably [...]

‘Where have you been? Have you been hiding from me?’ I saw it was Jim speaking when I looked up from reading the paper. I hadn’t exactly been avoiding him, but then I hadn’t really missed not seeing him for a few months.
Jim asked me if I could give him a lift home. He gave [...]

When a government spends money, there are only three places that money could have come from:

Taxation — by taking the money away from someone.
Borrowing — by temporarily taking the money away from someone, with a promise of returning it at a higher value.
Inflating — by printing money, which reduces the value of all the other [...]

You and I have a rendezvous with destiny.
We’ll preserve for our children this, the last best hope of man on earth, or we’ll sentence them to take the last step into a thousand years of darkness.
Thus spoke Ronald Reagan some forty-six years ago.  Tragically, today in America it appears the time for choosing [...]

This preliminary study started with a blog post I did several months ago entitled “New Jersey, the Sorry State”, a deep dive into Bureau of Labor Statistics data showing that my state is hardly generating employment outside the government sector.
The blame for this sorry state of affairs I heaped on NJ’s political culture, which is [...]

Ann Elk: Where? Oh, what is my theory? This is it. My theory that belongs to me is as follows. This is how it goes. The next thing I’m going to say is my theory. Ready?
TV Interviewer: Yes.
Ann Elk: … This theory goes as follows and begins now. All brontosauruses are thin at one end; [...]

If you want to understand Democrat fantasies in the absence of financial constraint or common sense, read Reed Hundt’s book, “In China’s Shadow.” Reed Hundt is a permanent member of the American politcal class, a Yalie, a partner in a high-powered law firm, head of Bill Clinton’s FCC, and a member of Barack Obama’s transition [...]

In thinking of protectionism, the Great Depression, the Great Recession, and what might come next, here are two interesting angles.
Governments with their backs against the wall
Ideally, stabilisation using monetary and fiscal policy, alongside actions by the private sector, should restrain the decline in consumption, and yield conditions which are not too harsh for households. At [...]

From Politico 44: You’re invited — On the jobs summit list …
“CONFIRMED ATTENDEES INCLUDE: Eric Schmidt, Google; Randall Stevenson, AT&T; Surya Mohapatra, Qwest ; Frederick Smith, Fed Ex; Brian Roberts, Comcast; Bob Iger, Disney; James McNerney, Boeing; Andrew Livens, Dow; Peter Solmssen, Siemens; Stephanie Burns, Dow Corning; Phaedra Ellis Lamkins, Green for All; Reed [...]

I dropped in on the St. Louis Tea Party event Saturday at Kiener Plaza in St. Louis. Typical sub-par cell phone photo with special glare augmentation A crowd photo by Julie Stone:

My guesstimate — and I’m not great at these things, so I could be way off — is 1,000-1,500 people attending the event. Far [...]