I recently received a comment on my blog from Trenton Powers.   Naturally, when people comment on my blog and leave a backlink, I will go check out their blog.  Two posts on his blog are certainly worth discussing. In one post he says this: As a runner-up to the Milford Regional Chamber of Commerce Businessperson [...]

In Barack Obama’s brave new caste system, profiteers have quickly become the untouchables.  Much of the debate over healthcare can be reductively boiled down to the fact that those who are more liberal think that it is immoral for a company to profit off of the health of another person.  Most conservatives don’t care about [...]

  Congress is currently creating a bill that would threaten the independence of the Federal Reserve.  Basically they want the Government Accountability Office to be able to audit federal reserve policies. This is one of those things that most Americans probably don’t care about.  The fed was set up to be an independent institution, so [...]

feudalism [(fyoohd-l-iz-uhm)] A system of obligations that bound lords and their subjects in Europe during much of the Middle Ages. In theory, the king owned all or most of the land and gave it to his leading nobles in return for their loyalty and military service. The nobles in turn held land that peasants, including serfs, were allowed to farm in [...]

The LA Times came up with a great interactive chart where you can balance the California budget by cutting state programs and raising taxes.  I assume they developed this to show the average Californian how hard it is to balance the budget.  If this assumption is correct, then their plan has backfired.  This was way [...]

In previous posts, my friend Jake and I were arguing over whether the banks would repay TARP money.  A few weeks ago, the banks wanted to, but the Treasury wouldn’t let them.  It looks like yesterday the government gave the green light for some of the banks to pay back the money.  It also looks [...]

In my previous installment of the Baracktile Dysfunction series, I said the following: I would prefer that the government get out of the picture, and the market can sort things out.  When centralized economic systems fail, it is proof that they don’t work.  When a capitalistic economic system fails, it is proof that the system [...]

My friend, Jake, made the following comment on a post I wrote a while back called Baracktile Dysfunction 2: I have been impressed with the measures taken to see that private capital replaces public capital in these industries as soon as possible, although time will tell whether this ends up to be the case. I [...]

Warren Buffet once called derivatives weapons of mass wealth destruction.  Of course this didn’t stop him from piling money into them.  Whenever you go to a casino, it seems like there is an overabundance of retirees gambling away their nest eggs (or social security).  Who wouldn’t?  If it is likely that you might die in [...]

Can someone who supported Barack Obama tell me how his plan to correct our economy is any better the George Bush’s plan?  It seems like the only answer that either of them can come up with is to spend trillions of dollars to nationalize failing businesses.   The following quote from an article by Peter [...]