In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Friday, June 14, 2024

How to create a bubble

To my last breath, I will insist that economics is not really that complicated, if only the people would take a little time to understand its basic principles. Until that time, the people will be easily misled.

One of those principles is the so-called “business cycle” of booms, bubbles, and busts. In reality, these cycles are not inherent in free markets, but in markets that are “managed” by allegedly intelligent, well educated folks in Washington.

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Biden: Things are looking bad in Afghanistan

U.S. Vice President Joe Biden urged NATO members to jointly confront al-Qaida and other extremist groups in Afghanistan where he said instability threatens all of the alliance’s members equally.

Appearing before NATO’s top decision making body, Biden solicited ideas to reverse a losing military strategy in Afghanistan as part of President Barack Obama’s policy to bring more European allies on board to fight the Taliban-led insurgency.

He warned the situation in Afghanistan and neighboring Pakistan was worsening, adding, "The deteriorating situation in the region poses a security threat from our respect not just to the United States, but to every single nation around this table."

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The health care crisis: Is it solvable?

As the nation seems to be marching inexorably toward universal health care, did you ever wonder why medical costs have grown beyond all other goods and services? Why is it that this nation ranks only 20th in the quality of its care despite those 12 percent annual increases that have been routine since the advent of Medicare?

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Pork, by any other name, is still pork

 The idea of devoting $1.8 million to research controlling the smell of pig dung stinks to high heaven to opponents of Congress’ proclivity for pork-barrel projects.

"Pigs stink. We know why," said Sen. Tom Coburn, R-Okla. "We know where they live. So is that a priority right now?"

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Time for some medical miracles

President Obama has signed an executive order overturning a signature initiative of the Bush administration — an 8-year-old ban on federal funding for research on embryonic-stem-cell lines created after Aug. 9, 2001.

Public expectations for stem-cell research are high, perhaps impossibly high, and Obama began his White House announcement on a cautionary note: "At this moment, the full promise of stem-cell research remains unknown, and it should not be overstated."

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It’s just a jump to the left

In light of concerns about President Obama’s budget — in particular, that it will lead us down a slippery slope toward European-style, nanny-state socialism — I considered the ways in which American citizens of a certain age were systematically trained to hate Soviet-style communism, as well as socialism and most ideas that lie toward the left end of the political spectrum.

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