September 2008
Will the truth ever trickle down?
Posted by admin on September 30, 2008 in Uncategorized
This is precisely how trickle down (or up) economics in a free market works and beats collectivist efforts 99.999999% of the time. Try pulling off the next Google in a socialist economy under its inevitably totalitarian government. But somehow, someway, the majority of people almost refuse to get it. Particularly people who expect government to create jobs for them, as opposed to creating their own opportunities, let alone for others.
Economics 101 the hard way
Posted by admin on September 30, 2008 in Uncategorized
If this financial crisis hasn’t taught us that basic economics and fiscal responsibility is just as relevant and crucial to our children’s future which happens to be ours as well, then we need to brace ourselves for plenty more crises to come.
Savage neo-liberal capitalism
Posted by admin on September 22, 2008 in Uncategorized
Will anyone other than the financial papers bother reporting about Franklin Raine’s and Fannie Mae’s shoddy accounting practices that involved overstating profits by $6.3 billion, making the infamous Ken Lay and Enron’s $567 million overstatement look like a conceivable mistake? Where is the outrage in the mainstream media now?
As usual, it will be misplaced by journalists who find it much easier to report unfounded drivel. Such as the current chorus of “intellectuals” who don’t understand actual, inevitable economic realities such as price elasticity and budget constraints but are quick to coin misleading, albeit catchy phrases such as “savage neoliberal capitalism”.
Don’t look back in anger
Posted by admin on September 13, 2008 in Uncategorized
“We’re mad as hell and we’re not going to take it anymore!” may become the Democrat’s battle cry for these last weeks before election, and quite possibly the worst strategic advice bandied about by political pundits. Yet it’s telling about the mindset of die-hard politicos who base their worldviews on personal sentiment rather than carefully thought out logic, particularly on economic issues. But more importantly, it may be the reason why McCain could cinch this election come November.