Author Archives: Rob Regan

Patriocracy movie review

I’m sad to say that after watching the movie “Patriocracy”, a documentary about our country’s polarized political environment I can’t endorse it for one major flaw; that of its mischaracterization of the US debt. They use the same low-info fear … Continue reading

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Free market economics is like streets with no traffic signs

Most “economists” never mention the second source of money when they fear monger about government debt and deficits. One particularly nonsense post at http://www.learnliberty.org states that when Governments cut spending, economic activity goes up. He cites a couple of examples, … Continue reading

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Tony Robbins promoting the debt myth

It is frustrating to see someone like Tony Robbins, with such a big audience, spend 20 minutes fear mongering about an imaginary problem – that of the U.S. government’s debt. Of course Tony Robbins isn’t alone.  Everyone believes the US Government has the … Continue reading

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Why Krugman is wrong, and how. The importance of debt.

Finally a clear description of how the economics profession is failing us.  I’ve heard time and again that they don’t include banks in their equations, and never quite understood what that meant.  Leave it to the very clear writing of Steve Keen … Continue reading

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Savings, good for me, bad for you. Economics 101

George W. Bush famously said after 9/11 that Americans should go out and spend.  To many this seemed like a dumb idea – when in a recession, we should hunker down, save, not spend.  But he was partially right.  While savings … Continue reading

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Gov spending vs. private sector debt

There are two types of money creation.  The government spending money into the economy, and the private sector taking out loans.  The 20 to 30 year boom we just experienced was due to a combination of both government spending (which … Continue reading

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Job Creator myth

If you lower taxes on the rich, or on big corporations, they will create jobs. Or will they? The talking point is that taxes are too high, and if lowered businesses would start to hire.  I guess the other talking point … Continue reading

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Travel as education. The “walk about”

I just watched the below video interview of entrepreneur David Gilmour, founder of Fiji Water.   He talks about his father giving him a choice at the age of 16.  I’ll pay for you to travel on $10 per day, by yourself, every … Continue reading

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Financial Services Modernization Act

To read the name of the Act 12 years later you clearly know the outcome.  The “Financial Services Modernization Act” of 1999 did exactly what we didn’t need to do…. “modernize” financial services. By 2007 the financial system was crumbling, … Continue reading

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The top 1% have already won the class war

Stunning visual of why Occupy Wall Street says this is the 1% vs. the 99%. Source MotherJones.com

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