The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Eating Crow About Sprinklerman

by Smitty Indeed, Boehner’s great big little cuts seem hardly a cause for capillary bleeding. The anti-Boehner chorus was a tad too shrill, in my estimate. Then again, I had relatively low expectations for the 112th Congress. You have to understand that our Ruling Class overlords still expect Americans to balk at the pain of […]

‘No Poor Man Ever Gave Me a Job’

As an impoverished American — hey, buddy, you wanna try raising six kids on a freelance journalist’s income? — I look on in amusement at the self-described “Patriotic Millionaires” who insist that they should pay more taxes. I agree with Moe Lane: “Raise Your Own Damned Taxes.” Contrary to all the class-warfare demagoguery pouring forth from […]

Word of the Day: Sharing!

Just as I predicted, Obama’s Big Deficit Speech was big on sharing: As a country that values fairness, wealthier individuals have traditionally borne a greater share of this burden than the middle class or those less fortunate. . . . To meet this challenge [i.e., ballooning deficits], our leaders came together three times during the […]

Why It Is Crucial To Own The Definitions

by Smitty (h/t Lucianne) After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI […]

Obama: Let Them Eat Hybrids!

Jim Lakely of the Heartland Institute points out that Obama appears to mock the questioner with 10 kids who asked about high gas prices: The president talks oil prices as if he actually knew something about either oil or economics. What Obama neglects to mention is that his administration’s own policies are a key factor in the […]

Daniel Hannan Palate Cleanser

by Smitty Even working briefly with ideas familiar to readers of this blog, Hannan remains a spot-on palate cleanser: He is also well worth your time in print. His polar opposite is the Bearded Clown, Krugman. I have rarely seen a human being so misguided, seemingly incapable of grasping that the very ideas he espouses […]

Is This the Hope or the Change?

Since Obama was inaugurated in January 2009, the number of Americans on food stamps has increased from 32 million to 44 million. Restaurants are contemplating price increases due to the sharp rise in grocery prices. And crude oil prices are near $108 per barrel, the highest since September 2008. Cue Peggy Joseph: UPDATE: “The Scary-Ass […]

Keynesianism and the Economics of Envy

We today find two Keynesian economists excoriating the Republican Party as an engine of organized greed, responsible for the suffering of the downtrodden at the expense of the evil rich. Paul Krugman accuses the GOP of embracing the policy prescriptions of Herbert Hoover’s Secretary of the Treasury, Andrew Mellon. And while Krugman notes that the […]

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