Monthly Archives: July 2012

You didn’t build it — we did

In this strange election year, it is a clear symptom of the madness that has gripped this country that it even became debatable over whether business tycoons built fortunes without the support of government and society in general. Railroad tycoons, … Continue reading

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Can the Euro be saved by the ECB?

Mario Draghi pulled rabbits out of hat this week, creating a global stock market boom by promising to do ‘whatever it takes’ to save the Euro. But is that credible?  In the monetary economy, of debts accounts, it certainly is.  … Continue reading

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Europe squeezes its life away (and the world will feel the pain)

Today’s financial headlines show the crumbling of the edifice of the Euro zone.  Greece is in full blown depression; Spain is nearly there, as the shrinkage of its economy is accelerating and the country plans a fiscal tightening of 10 … Continue reading

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The End is nearing in Syria

I have not commented on the Syrian revolt for some time, because it has been unwinding basically as expected — a gradual erosion of support for the Assad regime among soliders and civilian, some major defections among his key supporters, … Continue reading

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The Middle Class is Changing

I don’t often see something I feel is a MUST read, but the NRYB essay by novelist Zadie Smith, about the loss of a local public library in London, is amazing.  It is the best statement I have seen about … Continue reading

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Condi Rice for VP — Really?

While I have considerable respect for Condoleeza Rice as a woman of remarkable accomplishments, I am amazed that Romney’s camp is leaking discussion of her as a possible VP candidate. Really?  Does the GOP want to run one of the … Continue reading

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God Bless the Private Sector

Those who read this blog know that I favor free markets as the engine of economic growth, but only when properly governed and regulated to provide real competition, ensure wide distribution of benefits, and limits on short-term risk.   In recent … Continue reading

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