50 years and counting
Posted by admin on January 4, 2009 in Uncategorized
By Ignacio Gutiérrez
January 4, 2009
Pull out your Che T-shirts and lighters, because this month marks Cuba’s 50th anniversary of iron-fisted, no holds barred tyrannical dictatorship! More importantly, January of ‘59 was the month when Ernesto “El Che” (that means pal) Guevara commandeered the deaths of hundreds of former dictator Fulgencio Batista’s henchmen, who somehow got […]
Keynesianism or Changeenism?
Posted by admin on November 9, 2008 in Uncategorized
Keynesian economics is an obsolete system for anyone who cares to know, or anyone who doesn’t care to live through the inevitable inflation created by it’s truly failed policies of spurring economic activity through massive government spending, especially when it involves impossible deficits. If someone could please inform this to our president elect Mr. Obama, let alone Nancy Pelosi, Harry Reid and particularly Barney Frank who possibly referred to this ideology by coining the term “changeenism”, unless he meant to say Keynesianism, a few weeks back when informing a reporter that deficits are nothing to worry about.
Bob Who??
Posted by admin on November 3, 2008 in Uncategorized
It’s still a financially Herculean task to compete against the two major parties’ multi-million dollar campaigns to get their candidate into a job that pays only $400,000 per year. And one which they must resign from after 8 years anyway. Simple math doesn’t justify such an insanely expensive job campaign. But it makes sense when one adds up what the interest groups behind those campaign dollars have to gain.
We, the market
Posted by admin on October 26, 2008 in Uncategorized
We, the people, are the market. Not OPEC, the Dow, Goldman Sachs, or much less the Federal Reserve. The market is you and I with our dollars in our hands. It’s third graders spending their allowance on a favorite soda, let alone hassling their parents to purchase the latest X-Box game. Anyone buying anything they need or want is a more accurate representation of the market, and much more significant in determining value than any broker on the NYSE trading floor.
Decidedly Undecided
Posted by admin on October 20, 2008 in Uncategorized
With only two weeks away from the election, there are still millions of Americans who feel they are without a candidate. And not because they’re undecided. They’re actually decided on the fact that neither Obama nor McCain represent anything they stand for.
How to save capitalism
Posted by admin on October 14, 2008 in Uncategorized
Credit is a double edged sword. For millions, it is the very reason why they have a roof over their head. It has allowed businesses to prosper and come to life in the first place. When used responsibly, it helps create countless jobs, products and services. Credit is actually a right. But when exploited, it can charge a highly usurious interest on our freedom.
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.