Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

July 19, 2011

Quote of the Day: Wet Blanket Edition

President Obama and his sycophant Keynesian friends in the MSM can’t quite figure out why his policies haven’t improved the economy. Maybe President Obama should listen to an actual job creator, Steve Wynn to get some clue about why businesses aren’t expanding. Here is an excerpt from Wynn from a recent conference call where he [...]

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July 16, 2011

Paul Krugman’s Statistical Reality

I have a saying: “When everyone around you seems crazy, it’s probably you.” Useful advice, to be sure. Well, everyone around Paul Krugman seems to be misinformed: Well, here’s a little secret: most voters don’t sit around reading Clive Crook columns or debating the Bowles-Simpson plan. They have a gut sense — things are getting [...]

Posted By: Quincy @ 12:47 pm || Permalink || Comments (57) || TrackBack URI || Categories: Economics
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July 14, 2011

Kevin Drum Is An Innumerate Hack

Kevin Drum don’t grok numbers. I think we all knew that. But occasionally he goes so far over the edge that it calls for correction, and today’s one of those days. Kevin has taken a handy chart (originally here), and drawn some trendlines onto it to proclaim that we don’t have a spending problem at [...]

Posted By: Brad Warbiany @ 1:34 pm || Permalink || Comments (5) || TrackBack URI || Categories: Economics,Fiscal Policy,Taxation
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July 13, 2011

Exactly what you’d expect…

“The state is broke. Unemployments about to tank. Public Health insurance has no funds. All other agencies as well. Its a mess. What in Gods name is happening?” — A question from a friend It’s rather simple really… The government spent everything they could squeeze from us when the economy was good. Then, when the [...]

Posted By: Chris @ 8:02 pm || Permalink || Comments Off || TrackBack URI || Categories: Culture,Dumbasses and Authoritarians,Economics
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A Brief Constitutional Lesson for Congresscritters… Particularly those from Kentucky…

United States Constitution Article 1, Section 7 All bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills. The issuance of debt is a revenue raising measure. The “debt ceiling” is, in fact, legislation initiated in the House of Representatives, which [...]

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June 29, 2011

Kevin Drum’s Guest Bloggers Upholding The [ahem] Fine Standards He Has Created There

Kevin Drum is on vacation this week. While I thought that might leave me without boneheaded material to criticize, I’m afraid he’s found guest bloggers as credible and clueless as himself. Today we have Andy Kroll, who wants to delve into meta-debates about rights and entitlements with Wisconsin Gov. Scott Walker: But the statement that [...]

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June 20, 2011

Quote Of The Day

Coyote, on Paul Krugman’s claim that the Isaac Asimov Foundation series was an inspiration for him to go into economics: I find it absolutely unsurprising that Paul Krugman was enthralled by the vision of a science that can be used by a few people to control the actions and futures of all humanity. He said [...]

Posted By: Brad Warbiany @ 12:06 pm || Permalink || Comments (1) || TrackBack URI || Categories: Economics,Quote of the Day
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June 9, 2011

Auto Bailout; Can’t Prove A Counterfactual, But You Can Infer

So the big debate is whether the gov’t should sell their post-IPO shares in GM. At current prices, they’d [unsurprisingly] be losing money on the sale, compared to the amount put up in the bailout. So we have to ask — was it worth it? To determine that, we can’t base our entire calculation on [...]

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June 7, 2011

How To Deal With A Stalled Economy

I’ve been spending an inordinate amount of time reading 74 pages of forum posts on an pilot’s message board discussing the crash of Air France flight 447 several years ago. Fascinating stuff. It’s the tale of pilots faced with a situation of mechanical failure, but even worse, a situation which they misdiagnosed and thus took [...]

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April 27, 2011

The Inflation Won’t Come From The Fed

Everyone knows the Fed is pushing Quantitative Easing. By that, it means that when America is having trouble selling T-bills at advantageous interest rates, the Fed prints up some money to keep demand. It buys the bonds with newly-printed money. The recent run was $600B or so, and the Fed’s current balance sheet holds about [...]

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April 12, 2011

A modest proposal

Following along the lines of Glenn Reynolds’ proposal of a 50% surtax on the earnings of former government officials, here’s my modest proposal for our elected officials: For 10 years after leaving office, each elected official shall pay the highest income tax rate for which he cast a “yes” vote. Same goes for a president [...]

Posted By: Quincy @ 11:48 pm || Permalink || Comments (5) || TrackBack URI || Categories: Economics,Government Ethics,Humor
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All We Need to Do to Balance the Federal Budget is Eat the Rich…Right?

Share this with the Michael Moore fans in your life. If we eat the rich, expect a case of deadly economic indigestion.

Posted By: Stephen Littau @ 10:52 am || Permalink || Comments (2) || TrackBack URI || Categories: Economics,Taxation
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March 20, 2011

Quote of the Day – Eyes wide shut?

In making the case for open and obvious centralized rationing, advocates claim that “we” must ration with “our” eyes open. From Beth Haynes at PJM: That’s why Medicare needs the Independent Payment Advisory Board. Setting a cap on spending is the first step of rationing. The next is deciding who gets what medical care. “Limited [...]

Posted By: Quincy @ 10:53 am || Permalink || Comments (1) || TrackBack URI || Categories: Economics,Healthcare,Hubris
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March 19, 2011

Quote Of The Day

I posted yesterday about Bernard von Nothaus of the Liberty Dollar being convicted. I definitely think the fact support a guilty verdict on the charge of “issuing and passing Liberty Dollar coins intended for use as current money”, but some of the others seem quite a bit ridiculous, such as “conspiracy against the United States”. [...]

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March 18, 2011

Liberty Dollar Founder Reportedly Convicted

Hard to believe it was over three years ago, but may of us in the libertarian movement will remember the seizure of the Liberty Dollar holdings/equipment/etc. For those new to the movement, the Liberty Dollar was a metal-backed currency presented as an alternative to traditional fiat currencies, but unlike Gold/Silver Eagles, or Krugerrands, or gold/silver [...]

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March 14, 2011

Reading List: Slackernomics and BMOC

For the bargain conscious out there, a couple books recently became available for the Kindle at dramatically reduced prices, and I wanted to pass them along. As an aside, if nothing else this is a great sales pitch for the Kindle — at $139 for the wi-fi only version [which is all you *really* need], [...]

Posted By: Brad Warbiany @ 1:11 pm || Permalink || Comments Off || TrackBack URI || Categories: Book Reviews,Economics,Look About
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March 11, 2011

Overheated Rhetoric or Terroristic Threats?

Just about this time a month ago, Tea Partiers and those of us who support things like cutting spending were accused of using “overheated rhetoric” in the immediate aftermath of the attempted assassination of Congresswoman Gabriel Giffords among others. Sarah Palin was blamed by Leftwing pundits for inspiring the gunman because she had “crosshairs” on [...]

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March 1, 2011

Promises, Promises

What’s at stake in most unions? Promises. Laborers in non-union workplaces are offered very few promises. Typically employment is by contract for a specified (and individual) wage that can be severed at any time by either party for [mostly] any reason. Unions negotiate additional layers of promises. Those promises may be specific regimented work rules, [...]

Posted By: Brad Warbiany @ 12:01 am || Permalink || Comments (1) || TrackBack URI || Categories: Unions
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February 25, 2011

Comment of the Day: “Education” Edition

Re: “Don’t Forget Your Homework…or Your Miranda Card” Liberalism in the United States has, over the past forty years, been usurped by the socialist agenda. Our public schools are little more than indoctrination camps for the pacification of future generations. At the same time, conservatism in the United States has been usurped by war-hawks and [...]

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February 24, 2011

Unjustified self-righteousness

Apparently, a member of the Denver teachers union thinks she knows what work is: That’s your problem. You’re an entrepreneur, so you don’t work. You don’t know what work is until you get into an educational area. Warren over at Coyote Blog replies: Yep, some day I will have to stop loafing around and take [...]

Posted By: Quincy @ 9:55 pm || Permalink || Comments (1) || TrackBack URI || Categories: Democrats,Economics,Taxation,Tea Party,Unions
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