December 8th, 2014
in Op Ed
Written by Derryl Hermanutz
China has an ancient culture informed by the political philosophy of Confucianism. Confucius understood that civilizations must be governed by governments, so he advocated the cultivation of leaders who are educated in the arts of good government that serves the Mandate of Heaven. Lao Tzu said, under good government the people will say, "we did it ourselves".
by Alan Harvey, Institute for Dynamic Economic Analysis
To say that economics is broken is also to say that reform has, to this point, failed - failed to provoke debate and failed to deliver resolution of key questions on debt, how money is created, how the real economy is connected to the financial economy, and more. It has failed to communicate to the public and politicians, and so has failed to affect policy in any meaningful way. Perhaps "failure" is too harsh, but in our view the need for reform is urgent, not simply for the intellectual integrity of the discipline, but for the survival of a civil society. And reform too late is not meaningful.
by Lee Adler, Wall Street Examiner
Ben Bernanke and his teenaged Wall Street media groupies like to claim that he saved the world with QE. But if QE was such a cureall why has the "recovery" in Japan and Europe been so weak? The ECB printed money out the wazoo for a while and the BoJ is giving Japan, the US, and everybody else an all out BoJob. Yet only the US is rising.