The Fairy Tale of Our Time, ‘massive consumer spending is what fuels an economy’
Paul Krugman is nothing if not consistent. Once again, we are told that Kenneth Rogoff is the main reason that our economy is not roaring along like boom times, and that massive consumer spending is what fuels More...
All Hail the Debt Fairy! All Hail the Inflation Fairy!
In September 2008, if it had not been obvious before, it had become abundantly clear since that the borrow-and-spend party has been over for nearly five years, yet Paul Krugman is becoming even more shrill about More...
Borrowing and Spending, the Paul Krugman ‘Way to Wealth’
Hey, big spenders! It’s Paul Krugman to the rescue! In the aftermath of David Stockman’s recent New York Times article, Krugman is assuring his faithful readers that the massive debt financing of the More...
The Federal Deficit is a Symtom, Not the Disease
Member of Congress are infamous for attacking symptoms of a problem instead of going straight to the heart of the disease, and the current “discussion” on the massive federal deficits are yet another More...
CBO projects record tax revenues for 2013 of $2.7 trillion, focus shifts to spending
Budget negotiations continue in Washington but a new report from teh CBO, Congressional Budget Office, may cause more shifts in talk. donkeyhotey donkeyhotey.wordpress.com The CBO estimates the federal government More...
Sequester deadline looms as politicians battle over $85 billion in reduced spending
The mandatory sequester starts hitting Friday, and the White House offered state-by-state details Sunday of the impact. In Texas, the cuts will mean less border security and longer lines at airports and for cargo More...
Protests in Spain heat up as thousands fear eviction and will fight ‘real estate terrorism’
Spain’s financial crisis has resulted in an eviction epidemic in Madrid and now the protests are packing the streets. “They are about to evict me, and I’m fighting to stay because I don’t have More...
Paul Krugman and His Zombie History
Murray Rothbard liked to say that economist often tended to specialize in the area where their knowledge was the worst, and given Paul Krugman’s butchery of the historical record, I’d say Rothbard had More...
President Obama calls for gun control, minimum wages hikes and more spending in State of the Union address TRANSCRIPT
President Barack Obama outlined an ambitious agenda in his State of the Union address Tuesday that included raising the minimum wage, increasing spending on infrastructure, attacking climate change and passing gun-control More...
Dr Ben Carson National Prayer Breakfast addess a hit for conservatives
Conservatives are not talking so much about the President’s address at Thursday’s National Prayer Breakfast, but rather remarks from Dr. Benjamin Carson, a black pediatric neurosurgeon with Johns Hopkins Hospital More...
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