What happens to all the people who have put in their years of work at local, state and national agencies when governments can’t get anyone to buy their bonds?
The central banks have worked very hard to create the Keynesian utopia we know will never happen. With deflationary pressures mounting by the day due to the misallocation of investment due to the intervention, you will have a failure of the economic system. The question is when.
@ByronYork – Well, she is a good liberal. Would you expect anything different?
Philip Klein has an article detailing illegal payments made by the US Treasury Department related to Obamacare. Where is the FBI arresting the perp and doing the perp walk like in the private sector? Something is seriously wrong with our federal government, and it’s time the people right the wrong.
The UK Telegraph has an article discussing the dishonest nature of the global warming/climate change groupees. Changing data doesn’t cause any problems with mathematical formulas huh guys? #GlobalWarmingFraud
Zero Hedge has a great post that a pretty shocking disclosure from our government. What’s most shocking is the truth of the statement. No wonder it’s getting ZERO media attention. Why would they want to convey the truth that attacks the very premise they support:
government can fix all and do no wrong.
@zerohedge All I can say is that it’s about damn time.
Paul Caron, aka Tax Prof Blog, has a great post on the amount of donations the large universities receive for the endowment fund. What do these endowments do other than generate a net investment return. Doesn’t sound like a non-profit activity to me. Maybe O should look there for additional tax dollars instead trying to tax the middle class he claims to care about.
Actions speak much loader than words.
Notice that every time the government gets involved in a market, the normal economics of the market breaks down. Normally, if demand reduces because prices are too high for the customer, suppliers reduce the price to help stimulate the demand.
Think about how cities react to reduced ridership in public transit. What do they do? Increase prices.
Now, move this to healthcare. The actual customer (i.e. patient) has been taken out of the equation and basically has no direct interaction with the service provider due to private insurance, government programs, etc.
Like we just saw with oil, eventually, the market will win. Its too bad we don’t let it win in other sectors too.
Correlation does not mean Causation.
David Spengler has an excellent piece on why Europeans hate Jews. Read the whole thing.