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How Broke Is England? By Monty Pelerin , posted December 18th, 2009 http://www.economicnoise.com/2009/12/18/how-broke-is-england/ In 1944 The Road To Serfdom was published. In the book, Frederich Hayek contrasted the developments he had lived through in Germany with what was then happening in his adopted...
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Either the planet is getting hotter or it isn't. Are manmade emissions the cause? Is the world headed for environmental Armageddon? Why is this a political football? It would seem to be an open and shut case. If the world is getting warmer, if manmade emissions are the cause, and if the climate will...
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(This text is also posted under articles) A few decades ago inflation rates where much higher then they are today. There have been some progress since then and many economists today agree that too much inflation is bad. But they still seem unable to let go of the concept that inflation is necessary for...
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By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/bernanke-as-moral-hazard/ Senator Jim Bunning provides a brutal and thorough summary of Bernanke’s role in the financial crisis. Click here for video . swfobject.embedSWF("http://www.youtube.com/v/AVwr-Nf0slQ&rel...
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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, Mr. Potter, George’s evil competitor...
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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
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By Monty Pelerin , posted December 1st, 2009 http://www.economicnoise.com/2009/12/01/wisdom-our-policy-makers/ A few days ago in a post entitled Wisdom: To Whom You Listen is Important comments and forecasts from the 1930s were presented. The examples were obviously handpicked and were ridiculously wrong...
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“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Friedrich Hayek The economic programs and policies currently in place are truly astounding. I don’t think I have ever seen a more harmful economic environment...
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A short blurb in today's (10/27/09) Wall Street Journal stated that home prices rose in most major American cities in August. This is cited as evidence of a recovering economy. But what does this mean and is it something we really want? Perhaps you've noticed that prices at the pump are going...
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On Picassa and Facebook .
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On Picassa . On Facebook .
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Check it out ; Karl Marx makes a cameo.
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Introducing... Issue #1 covers the basics.
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The Federal government has now grown so powerful that some in this nation are taking its slightest wish to be a command. The announcement on Monday by a group of major American corporation, including Hewlett-Packard, AT&T, Tyco and others, that they will be adopting new executive compensation guidelines...
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The Federal Reserve has announced a policy that, not too many years ago, would have been widely denounced as a tyrannical usurpation of power. The Fed is in the process of drawing up “guidelines” to set limits on the amount of compensation that can be paid to the upper management of the nation's...
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Socialism inevitably leads to destitution and famine in direct proportion to the thoroughness with which it is applied. This has been shown to be true historically, with or without Marxist ideology or 20th century totalitarianism. It has starved 17th century colonists in Virginia and Plymouth just as...