Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

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The Current Political Condition is Unstable
The Current Political Condition is Unstable By Monty Pelerin , posted April 8th, 2010 http://www.economicnoise.com/2010/04/08/the-current-political-condition-is-unstable/ Walter Williams Dr. Walter Williams, professor at George Mason University, asked...
Freedom vs. Politics
Freedom vs. Politics By Monty Pelerin , posted March 12th, 2010 http://www.economicnoise.com/2010/03/12/freedom-vs-politics/ Tony Blankley captures the flavor of the American political scene in his piece “An American Obsession with Freedom.”...
Wisdom: Marxian Political Observations
Wisdom: Marxian Political Observations By Monty Pelerin , posted February 21st, 2010 http://www.economicnoise.com/2010/02/21/wisdom-marxian-politics/ Image via Wikipedia As an economist, I am frequently asked about the economics of Marx. I generally nod...
Healthcare Won’t Die, But Democrats May Drop Like Flies
Healthcare Won’t Die, But Democrats May Drop Like Flies By Monty Pelerin , posted February 21st, 2010 http://www.economicnoise.com/2010/02/21/democrats-seek-distance-from-obama-as-health-care-reform-is-revived/ Image via Wikipedia There apparently...
The Legend Of Bagger Obama
The Legend Of Bagger Obama By Monty Pelerin , posted January 5th, 2010 http://www.economicnoise.com/2010/01/05/the-legend-of-bagger-obama/ “… you don’t ever know where he comes from or where he’s going.” It is 2008. An unknown...
Economic Summit Insult to the Intelligence of Citizens or Revelation of Obama’s
By Monty Pelerin , posted December 4th, 2009 http://www.economicnoise.com/2009/12/04/economic-summit-insult-to-the-intelligence-of-citizens-or-revelation-of-obamas/ Any Econ 101 student would flunk the course if he showed the aptitude of this Administration...
Jimmy Stewart Wouldn’t Run These Banks
By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/jimmy-stewart-wouldnt-run-these-banks/ Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However...
Disgraced Spitzer Attacks Disgraced Geithner
Although this story doesn’t quite qualify for “No honor amongst thieves,” it does say something about Geithner. I suspect he will be thrown under the bus shortly, perhaps also with Bernanke. Bernanke is more difficult because of the...
Enron was an Ethical Angel compared to our Government
Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here . FNM was the organization...
Big Government Means Poorer People
“By one measure, the government already plays an outsize role in our so-called free-market economy —and it has little to do with the recession. Economist Gary Shilling has calculated that 58 percent of the population is dependent on the government...
Hyperinflation Redux
My recent post on the US Hyperinflation Coming ties in nicely with the note provided below by Chris Coyne. He quotes Beaulier and Boettke who argue (along with Adam Smith ) that facing up to our debt problems now is the proper course. In effect, they...
The Rule of Man, Not Law
On several occasions ( the most recent ) I have discussed the abandonment of our Constitution and its principles as leading to the inevitable economic mess we now confront. As an example of how the Constitution no longer matters, at least in the eyes...