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France's Great Chance to Be European Leader

June 18th, 2013
in Op Ed, syndication

Written by

France's President, Francois Hollande, is probably a man who thinks clearly, but as a wise politician he is careful not to let people know too clearly just what he thinks. Perhaps a man after the heart of the character in a novel by Benjamin Disraeli, who was asked which party he supported:

"The party of all wise men."

"And which party is that?"

"Wise men never tell."

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Out of Thin Air

June 18th, 2013
in Op Ed

Special from Daily Reckoning

by Ron Paul, Daily Reckoning

When I talk to many teenagers and grade schoolers, they seem to have no problem comprehending the fact that if you just create a lot of money, it’ll be like Monopoly money and it won’t have value. Governments do that for all kinds of reasons, especially to enhance political power to fight wars we shouldn’t be fighting or to pass welfare programs that aren’t deserved.

money-printing-bernanke

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The Irrelevance of Equilibrium Economics

June 17th, 2013
in Op Ed

by Dirk Ehnts, Econoblog101

The title of this post refers to a paper by Nicholas Kaldor from 1972. He starts his article on p. 1237:

I should go further and say that the powerful attraction of the habits of thought engendered by “equilibrium economics” has become a major obstacle to the development of economics as science – meaning by the term “science” a body of theorems based on assumptions that are empirically derived (from observations) and which embody hypotheses that are capable of verification both in regard to the assumptions and the predictions.

disequilibrium-girl

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Time for the US to Rethink Its Latin America Policy

June 16th, 2013
in Op Ed

by Kevin P. Gallagher, TripleCrisis

This week Chinese President Xi Jinping will make his first official visit to Latin America since taking office. Xi will visit Trinidad and Tobego, Costa Rica, and Mexico. In a scramble the United States has sent Vice President Joseph Biden to the region on a goodwill mission at the same time.

The two leaders will spar over the airwaves, web, and blogosphere offering different visions of cooperation. The US should use this opportunity to strengthen ties with the region and take advantage of the fact that Latin America’s love affair with China appears to be cooling.

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On the Importance of Sound Money

June 16th, 2013
in Op Ed

Special from Daily Reckoning

by Art Laffer, Daily Reckoning

When I first went to work for the Nixon administration, I told my mom,

Mom, you can’t believe it. I just wrote a speech for Nixon and he used every single word. Well, he did make two little changes. Everywhere I had ‘is’ he put ‘is not,’ and everywhere I had ‘is not’ he put ‘is,’ but other than that, Mom, it’s exactly my speech.”

Nixon did all sorts of things wrong:  the import surcharge, the wage and price controls, the huge increase in social spending, the doubling of the capital gains tax rate. But to my way of thinking, Nixon’s biggest problem was going off gold.

nixon-not-a-crook-printing-press-is

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