Category Archives: Politics

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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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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Fiat is bad, gold is good. Or is it

It pains me to see Austrian economic followers repeating the same tired arguments over and over.  Now they are trying to get in on Occupy Wall Street as evidenced by tons of comments on every article I’ve read, and quite … Continue reading

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Taking Occupy Wall Street seriously

The big money Right and talking heads on CNBC and Fox, and even much of the mainstream media, have derisively covered the Occupy Wall Street protests, even calling them unAmerican, when these same bubble heads called Tea Party protests patriotic. The criticism … Continue reading

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How you owe China, B

Myths we all believe in – “how you owe China B” and “how do I got to balance my checkbook and you don’t?” Everyone seems to “like” this video on Facebook. My response: I “don’t like” because this perpetuates economic … Continue reading

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This is not a banking crisis

I ran across a PragCap.com article from 2010 describing the real economic crisis we have been experiencing.  Funny that the banks were bailed out when this article so eloquenty makes the case that it is a consumer crisis: When the housing … Continue reading

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The American Dream fantasy

Concentration of wealth isn’t in the top 1% it is in the top .05% to .01% or 1 to 5 in 10,000.  According to an anonymous investment advisor to the wealth in this “Who Rules America” article: the American dream … Continue reading

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Death taxes that most shouldn’t care about

Taxes on inheritance have the joyous name of “death taxes”.  The wealthy are very clever at creating scary sounding names for things they want to abolish so that the vast majority of people who don’t benefit from it do the … Continue reading

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Where does money come from?

If you want to get rich, you have to know where money comes from.  Unfortunately the answer is most accurately from someone else. When you get paid a wage, it comes out of your company’s earnings.  Your company is trying … Continue reading

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