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Economics, Finance and Politics Through The Prism of Classical Liberalism

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Faking Our Way to Sovereign Bankruptcy
As political events in Egypt play out, including likely contagion to other parts of Africa and the Middle East, attention is diverted from the real threat to our country -- government insolvency. From Jeff T. Allen, writing in American Thinker : There...
Welfare States - R. I. P.
Welfare States - R. I. P. By Monty Pelerin , posted April 15th, 2010 http://www.economicnoise.com/2010/04/15/welfare-states-r-i-p/ “The worst thing in the world next to anarchy is government.” Henry Ward Beecher Bloggers post what they claim...
States are Broke
States are Broke By Monty Pelerin , posted April 10th, 2010 http://www.economicnoise.com/2010/04/10/states-are-broke/ We know that Social Security is broke. Ditto for Medicare and Medicaid. Ditto for the Federal Deposit Insurance Corporation. Ditto for...
Wait til You See the Banking Crisis!
Wait til You See the Banking Crisis! By Monty Pelerin , posted April 6th, 2010 http://www.economicnoise.com/2010/04/06/wait-til-you-see-the-banking-crisis/ The government policy of not requiring banks to write down their assets to market values does nothing...
Michael Kinsley’s Intuition is better than “Expert Opinion”
Michael Kinsley’s Intuition is better than “Expert Opinion” By Monty Pelerin , posted March 28th, 2010 http://www.economicnoise.com/2010/03/28/michael-kinsley%e2%80%99s-intuition-is-better-than-%e2%80%9cexpert-opinion%e2%80%9d/ In an...
Government Choices
Government Choices By Monty Pelerin , posted March 24th, 2010 http://www.economicnoise.com/2010/03/24/government-choices/ This is a visualization of what the Fed is doing: The chart is from a Martin Weiss article dealing with Bernanke and Fed irresponsibility...
Madness Now Accelerating
Madness Now Accelerating By Monty Pelerin , posted March 23rd, 2010 http://www.economicnoise.com/2010/03/23/madness-now-accelerating/ A new data point now to be supplied by Zerohedge on a daily basis. Emphasis added by me. The largest deficit in history...
The First Euthanasia Patient
The First Euthanasia Patient By Monty Pelerin , posted March 22nd, 2010 http://www.economicnoise.com/2010/03/22/the-first-euthanasia-patient/ “House Democrats approved a far-reaching overhaul of the nation’s health system on Sunday, voting...
Virtually every Western Democratic Government is insolvent.
Virtually every Western Democratic Government is insolvent. By Monty Pelerin , posted March 14th, 2010 http://www.economicnoise.com/2010/03/14/virtually-every-western-democratic-government-is-insolvent/ Virtually every Western democratic government is...
Government is 79% of the Economy
Government is 79% of the Economy By Monty Pelerin , posted March 13th, 2010 http://www.economicnoise.com/2010/03/13/government-is-79-of-the-economy/ Leviathan Being Destroyed Government is 79% of the Economy Welcome to the world of dysfunctional, bloated...
Obama’s “Ides-of-March” Moment is Near
Obama’s “Ides-of-March” Moment is Near By Monty Pelerin , posted February 24th, 2010 http://www.economicnoise.com/2010/02/24/obama%e2%80%99s-%e2%80%9cides-of-march%e2%80%9d-moment-is-near/ In Jimmy Carter’s reign, the Wall Street...
Free Markets Don’t End Like This
Free Markets Don’t End Like This By Monty Pelerin , posted January 5th, 2010 http://www.economicnoise.com/2010/01/05/free-markets-dont-end-like-this/ “My long view for the US is high inflation which will not show up in the government’s...
U.S. Government’s Road to Perdition
U.S. Government’s Road to Perdition By Monty Pelerin , posted January 4th, 2010 http://www.economicnoise.com/2010/01/04/u-s-governments-road-to-perdition/ Image by Francisco Diez via Flickr James Quinn has posted another very informative piece....
“Free” Booze for State Alcoholics
“Free” Booze for State Alcoholics By Monty Pelerin , posted January 2nd, 2010 http://www.economicnoise.com/2010/01/02/free-booze-for-state-alcoholics/ … the stimulus was akin to providing a gift of booze to a recovering alcoholic. The...
HAPPY NEW YEAR, NOW GO TO THE BOMB SHELTER
HAPPY NEW YEAR, NOW GO TO THE BOMB SHELTER By Monty Pelerin , posted January 1st, 2010 http://www.economicnoise.com/2010/01/01/happy-new-year-now-go-to-the-bomb-shelter/ Stock your bunker. 2010 is apt to be ground zero for financial markets. Sixty years...
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