Investors may continue to benefit for some time from the consistent boosting of financial markets by central banks. However, the longer a major correction or even a crash takes to develop, the more sudden, deep and devastating it may be.
Obama is for redistribution, even at the expense of his own country — if someone with such a “citizen of the world” viewpoint really thinks of America as his country, rather than a staging area for his world-changing, ideologically-driven crusades.
“Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.”
We are all in danger when politicians enforce Big Government Medicine–the primary goal of which is its own health and preservation.
It’s a lot easier to patronize another business than to get government to fix the problem.
Trust — society depends on it.
The news media and intellectual elite don’t condemn Sharpton or Obama, because they have two standards of behavior: one for whites and a lower one for blacks.
What may be a spontaneous confusion among the public at large about the very different meanings of the word “equality” can be a carefully cultivated confusion by politicians, lawyers and others skilled in rhetoric, who can exploit that confusion for their own benefit.
Falling consumer prices are good for the consumer and the economy, but they are bad for central banks looking to maintain asset bubbles and for governments looking for a graceful way to renege on their debts.
CAPITALISM REVIEW