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In my research for my series on “China’s Fragile Economy,” I came across two blockbuster statements from the very top of China’s ruling structure: Premier Wen Jiabao and He Keng, vice chairman of the Financial and Economic Committee of the National People’s Congress. Both were to the effect that they feared a [...] This is yet another very clever, funny, and well done music video. You’ll enjoy it. Hat tip to Dano. Excellent comments from Cato scholars David Boaz and John Samples on Scott Brown’s victory in Massachusetts: The theme of the World Economic Forum Annual Meeting in Davos, Switzerland this year is “Improve the State of the World: Rethink, Redesign, Rebuild.” It starts today. As you know, this annual meeting is where governments and businesses meet to “exchange ideas” and issue puffy statements about the world, pledge international cooperation and solidarity, and then [...]
Q: Is Avatar a metaphor for “capitalism?” Is the rape of another planet capitalism? Is the movie left wing Hollywood schlock propaganda? A: Yes, as James Cameron defines “capitalism.” No. Yes. Is it also something else? Yes. * * * * * Here are some typical and atypical reactions to the movie: From Hollywood Elsewhere: The political [...] President Obama used his bully pulpit on Thursday to chastise banks and bankers while announcing a punitive tax on them to assuage an angry populace. Is his rage against the big paydays justified? Not for the reasons he [...] This has been a phenomenal year for the economy. There have been major, fundamental changes that will affect our lives for many years to come. I don’t see these changes as a good thing for the short or long term. These changes are generational in that they don’t occur often and they will radically impact the [...] By Jeff Harding. This video was sent to me by Dan Mitchell at Cato. Dan presents an excellent summary of why government spending is harmful to the economy and prosperity. Whether or not it results in deficits, the greater the spending by government as a percentage of GDP, the greater is the negative impact on the economy. One [...] By Jeff Harding. As my readers know, every so often I get fed up with what comes out of Washington (Our Nation’s Capital) and feel the need to vent. My recent irritation is a letter Christina Romer, the president of Obama’s Council of Economic Advisers, published in the Wall Street Journal. The letter is an apologia for the economic policies [...] By Jeff Harding. This little movie, The Incredible Bread Machine, came out in 1975 to explain the difference between market forces and government forces in the economy. It was screened to small libertarian groups, and I believe it made it to TV as well. I think you will enjoy the movie, actually a movie within a movie. This is [...] By Jeff Harding. Since the biggest financial collapse in world history was built on credit related to housing, it is pretty obvious that we should be paying very close attention to that market. The reasons are complex, but a recovery must be based on the liquidation of bad debt. The sooner that happens the quicker a recovery [...] By Jeff Harding. In order to understand the present state of the U.S. economy you have to understand that there are two things happening at once. For the most part they are in conflict with each other, in that one track can negatively impact the other. Lest I be accused of putting out conflicting information, there is evidence that [...] By Jeff Harding. The Commerce Department announced Thursday that GDP grew 3.5% in Q3 2009. This is the “Third Quarter Bump” I had been expecting. Economists and the news media are jumping on the “It’s Over!” bandwagon. Their conclusion is based on the premise that government spending (“stimulus”) will actually create real economic growth. It won’t and never [...] By Jeff Harding. I confess to being an e-mail subscriber to MoveOn.org. Yes, it’s for all the reasons you suspect: spying on the enemy. There maybe some issue somewhere that I would agree with them, but I can’t really remember. So, I’ll just say that I’m against everything they and George Soros stand for. What [...] By Jeff Harding. I should start a series, “What’s Wrong With America.” Maybe this is my first post. I don’t think I can add anything to this. Carnegie Hall Stagehand Moving Props Makes $530,044 Oct. 20 (Bloomberg) — After you practice for years and get to Carnegie Hall, it’s almost better to move music stands than actually play [...] By Jeff Harding. In a Bloomberg interview today, Steven Roach, Chairman of Morgan Stanley Asia said: China needs to boost investment in social security, private pensions, and insurance for unemployment and medical care, Roach said, to prompt its consumers to save less and buy more goods from overseas.
By Jeff Harding. If I were Nelson Mandela, I would check to see if my medal were tarnished. When you think about it, this has got to be the ‘Thank God It’s Not George Bush” Peace Prize. This is up there with Jimmy Carter and Al Gore. Poor President Obama. I can imagine his surprise when he heard [...] By Jeff Harding One of the first major influences on me as a semi-educated young man was Capitalism and Freedom by Milton Friedman. Published in 1962, it was a powerful statement for free markets and personal freedom. The book smashed commonly held beliefs that capitalism was an evil force that served to keep people poor and oppressed. Point by point [...] |
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