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 regarding basic economics. It is likely most...
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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Monty Pelerin
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Thu, Dec 3 2009
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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
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 political assault on the independence/privacy of the...
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 that couldn’t do accounting properly...
“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 for “major parts of their income”...
I was looking over my posts the other day and said to myself, "Futbol Guru, you sure have become cynical." So I've been thinking about my attitude and trying to decide if I'm being fair or if I've gotten into a rut. Well it's always possible to focus on doom and gloom. My lovely...
We tend to forget that government, politics, and economics are not the same thing. The word politics and the phrase political party don’t even occur in the U.S. Constitution or the Bill of Rights. Nor is the word economy even implied in either of these documents. In fact, George Washington, the...
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Not-a-Lemming
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FutbolGuru
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Mon, Feb 23 2009
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Filed under: capitalism, government, politics, greed, selfishness, nepotism, free market, materialism, hedonism, economics
AMC. American Motors Corporation. Does anybody remember that one? They actually made some pretty cool cars. The Javelin and AMX come to mind. Forward thinking for the time, the AMX was a two-seat sports car with a 401 C.I.D. engine. Fast, good-handling. It actually competed well with GTOs, Camaros, Mustangs...
[I ran this originally as a "page" rather than as a "post", when I had simply put up Zappa`s lyrics. Since "posts" might be more visible to visitors I`ve decided to post this as well.] I ran across some interesting and topical Frank Zappa lyrics the other day, so I`m putting...
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TT's Lost in Tokyo
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TokyoTom
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Sun, Apr 20 2008
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Filed under: rent-seeking, government, bush, cognition, politics, Zappa, MSM, Rove, clinton, obama
I ran across some interesting and topical Frank Zappa lyrics the other day, so I`m putting them up here. Does these resonate with anyone else? I have noted a few thoughts further below. I'm The Slime I am gross and perverted I'm obsessed 'n...
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TT's Lost in Tokyo
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TokyoTom
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Thu, Apr 17 2008
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Filed under: rent-seeking, government, bush, cognition, politics, Zappa, MSM, Rove, clinton, obama