Since the economic crisis of 2008-2009, the Federal Reserve – America’s central bank – has expanded the money supply in the banking system by over $4 trillion, and has manipulated key interest rates to keep them so artificially low that when adjusted for price inflation, several of them have been actually negative. We should not be surprised if this is setting the stage for another serious economic crisis down the road.
This will rotate.
Here in America and elsewhere around the world, Greens continue to war against any energy other than the “renewable” kind, wind and solar, that is more costly and next to useless. Only coal, oil, natural gas, and nuclear keeps the modern and developing world functioning and growing.
A review and comment on: Ferenc Jankó, Norbert Móricz, Judit Papp Vancsó, “Reviewing the climate change reviewers: Exploring controversy through report references and citations,” Geoforum, Volume 56, September 2014, pages[...]
There have been frequent press reports that baby boomers, those born between 1945 and 1964, are abandoning the suburbs and moving “back” to the urban cores (actually most suburban residents did not move from urban cores). Virtually without exception such stories are based on anecdotes, often gathered by reporters stationed in Manhattan, downtown San Francisco or Washington or elsewhere in urban cores around the nation. Clearly, the anecdotes about boomers who move to suburbs, exurbs, or to outside major metropolitan areas are not readily accessible (and perhaps not as interesting) to the downtown media.
Leadership is the hallmark of all great presidents as characterized by the Schlesinger Poll, perhaps the most prestigious of all presidential surveys. As Barack Obama concludes the last two years of his presidency, the historians and political scientists who participate in such polls will begin to assess the administration’s successes and failures and whether that leadership quality has been clearly demonstrated. What, one may ask, are the distinguishing characteristics of a great leader?
We live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when even those who served in government defended limited and smaller government. One of the greatest of these died one hundred years ago on August 27, 1914, the Austrian economist Eugen von Böhm-Bawerk.
Co-author Elizabeth Clarke remembers attending a speech in Waukegan, IL with her late husband in the summer of 1967, at which Senator Everett Dirksen (Senator Dirksen represented Illinois in the U.S. House of Representatives from 1933 – 1939 and the U.S. Senate from 1951 until his death in 1969.) spoke passionately against the then-pending Supreme Court case of Keyishian et al v Board of Regents that ruled against loyalty oaths.
In June, in a sparsely populated county in northern New Mexico, a primary electionsurprisingly unseated an incumbent County Commissioner. No one seemed to notice. But, apparently, high-ranking Democrats to the north were paying attention.
Far too many government officials (and civilian Leftists) are Aesop scorpions. It’s in their nature to regulate. And regulate again. And then regulate some more. In Baby Boomer Radical parlance, they are willing – even eager – to destroy the village in order to save it.
The Internet peering marketplace works exceptionally well and it has for its entire twenty year history. The unparalleled success, growth, and resiliency of the unregulated model for the Internet backbone peering marketplace has been nothing short of phenomenal in enabling and ensuring everyone reasonable access to the Internet.
The 2014 US-Africa Leaders Summit hosted by President Obama this past week brought together the largest-ever gathering of African government officials in Washington, DC. They discussed ways to bolster trade and investment by American companies on a continent where a billion people – including 200 million aged 15 to 24 – are becoming wealthier and better educated.
Whether the price of gold is seen as a measurement of the value of a precious metal or as a report card on the economic, monetary, and fiscal policies that go into determining the value of the dollar, it’s interesting to think about what the trends, short-term and long-term, may mean.
Penn Jillette, the world-famous magician (and fellow of the Cato Institute), has a saying: “Everybody got a gris-gris.” By that, Jillette means everyone has some irrational belief or superstition, something one believes even when knowing it is an unreasonable. We carry these superstitions through life like talismans, and we defend them when confronted with the cold light of reason. My gris-gris is NASA.
It is a rare occurrence when Hollywood produces a film that neither glorifies the welfare-warfare state, nor vilifies capitalists and businessmen. Yet that is exactly what Marvel Studios has managed with the Iron Man series. In the character of Tony Stark we see the pinnacle of the capitalist fantasy: an ingenious businessman who values property rights and self-defense, and who does not compromise those fundamental rights in the face of government intimidation and force.