Even Alan Greenspan admitted he had “found a flaw” in his own thinking. We will have to imagine the giggles from the back of the room – if anyone had been awake. It was as if Stalin had confessed to being rude to his mother…
August 10th, 2009 | Bill Bonner | 4 comments | ContinuedAll Posts Tagged With: "economic crisis"
Never-Ending Government Lies About Markets
The purpose of government is for those who run it to plunder those who do not. Throughout history, governments have used violence, intimidation, coercion, and mass murder to enforce this system. But governments’ first line of “defense” is always a blizzard of lies…
July 2nd, 2009 | Thomas DiLorenzo | 6 comments | Continued
Apparently, the Economic Crisis is All In Our Heads
This recovery is for real, they believe…and so is the bull market on Wall Street. Investors believe it too. Analysts believe it. Economists believe it…
June 17th, 2009 | Bill Bonner | 2 comments | Continued
What Caused the Economic Crisis
Simon Heffer, who writes a mordantly right wing column for the London Daily Telegraph recently wrote that we all know what caused the economic crisis. Perhaps he does, though he did not actually tell his readers what the cause was…
May 7th, 2009 | William Rees-Mogg | 1 comment | Continued
David Ricardo’s Economic Theory is Sound Doctrine
Gordon Brown has no intention of embarking on a new war, though he has defence commitments in Afghanistan, but he has failed to foresee that a large deficit makes it more difficult to support future deficits.
April 2nd, 2009 | William Rees-Mogg | 3 comments | Continued
Economic Crisis Discussions in the House of Lords
We have recently had an innovation in the House of Lords, and a good one. The Lady Speaker invited a group of peers with experience or knowledge of economic policy, to discuss the present economic crisis. There were four speakers, one of whom was Nigel Lawson, an ex-Chancellor of the Exchequer from the Thatcher years. There was also a group of peers and a group of journalists who joined in the discussion. The House of Lords, like any other House of Parliament…
October 31st, 2008 | William Rees-Mogg | 1 comment | Continued
How Will the Next President Handle This Dire Economic Crisis
I saw both John McCain and Joe Biden on CNBC last week, and I was astounded by the shallowness of their answers on how to address the current economic crisis. Both offered the typical Capitol Hill solution to any problem – more regulations. Each tried to disguise his answer in fuzzy language – McCain said he didn’t want “over-regulation” and Biden said he wanted “common-sense regulation”…
September 24th, 2008 | Frank Holmes | 2 comments | Continued