Category: economics

economics

A golden oldie on the minority mortgage meltdown

Ann Coulter rarely gives links, and frequently employs hyperbole and humorous exaggeration, so when she reports entirely ridiculous real events, it is difficult to be sure whether she is engaging in humorous hyperbole, or things really are that outrageous.  Vdare has helpfully annotated one of her posts with links, and I have added a little more annotation.  And yes, Ann Coulter was not making this up. The government really is …

economics

Governor Romneycare promises to be a better Obama

Governor Romneycare is campaigning to be the Republican presidential candidate.  He tells us that: Every turnaround has three rules. Focus, focus, focus. Focus on what’s most important, devote all your energy to that which is broken. … Instead of focusing his energy on the economy he delegated the stimulus to Nancy Pelosi and Harry Reid, and they built a stimulus which grew government jobs but didn’t grow private-sector jobs. And …

culture

Lifestyles of the benefactors of the poor

The other McCain has an interesting tale to tell: Recently the World Bank, led by the leading socialist candidate for the french presidency, in its endless efforts to help the poor, helped the poor backward illegal immigrant Muslim majority of the Ivory Coast take over from the slightly less poor and slightly more advanced native Christian minority of the Ivory Coast. But how do these people live when not tirelessly …

economics

Democratic Peace

For a while, the theory of Democratic Peace was popular, widely believed, and widely argued.  Supposedly democracies do not go to war with each other. On the basis of this theory, Osama Obama and Bush have been promoting democracy in the middle east.  Supposedly, if Muslims get to vote, they will vote against making war on us. Of course, one could look at much the same evidence and conclude that …

economics

“Democracy never lasts long”

In 1814, John Adams, second president of the United States, and one of the revolutionaries that founded it, said Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. And that was the …

culture

The end is not nigh

But it is in sight. There is a lot of ruin in a nation, but we have had a lot of ruin. The US government lacks cohesion, and is insolvent. Lack of cohesion means that in a crisis it is apt to disappear, dissolve into its parts, with each part seeking its own interest. Insolvency means a crisis is looming. I would expect the Euro to collapse before the US …

economics

Who rules the world?

Tracing rulers academic connections yields an interesting picture. Thus Mugabe, like so many third world rulers, comes from the London School of Economics, but Harry Lee Kuan Yew was educated in Singapore. And lo and behold, Mugabe was installed in power by the “international community” aka the tranzis, while Harry Lee Kuan Yew was installed in power by Singaporeans. A similar trace is visible in the Ivory Coast, where shortly …

economics

Conservative bloggers declare victory

According to Strata and others, the outcome of the budget negotiations (to reduce by one percent spending that was recently increased by by thirty percent) was a mighty victory. By a vote of approximately ten to one, the US House of Representatives voted to continue at slightly lower speed on a course that leads to bankruptcy, hyperinflation, social collapse, and, if we are lucky, civil war in the next decade …