by Dominick Armentano [ LewRockwell.com , February 12, 2014] Obamacare was sold to the American people as a humanitarian attempt to provide health insurance to the poor and to individuals with a pre-existing medical condition who had been denied coverage. If you were not poor, did not have a pre-existing condition, and already had health insurance
President Obama has named three more nominees to the Fed and the Senate has had a chance to interview them. The first and most important is Stanley Fischer, aged 70, nominee for vice chairman as well as a regular member. The most curious thing about Fischer’s resume is that, having been born in Zambia, and naturalized as an American in 1976, he
by David Stockman From David Stockman’s Contra Corner . Remarks to the Committee For The Republic, Washington DC, February 2014 (Part 3 in a 6-Part Series) Go to Part 1. In this setting, Bubbles Ben 1.0 (New York Fed Governor Benjamin Strong) stormed in with a rescue plan that will sound familiar to contemporary ears. By means of his bond
From his column in today’s USA Today: Critics point to the Russian “occupation” of Crimea as evidence that no fair vote could have taken place. Where were these people when an election held in an Iraq occupied by U.S. troops was called a “triumph of democracy”? Perhaps the U.S. officials who supported the unconstitutional overthrow of Ukraine’s
A bit late, but some great reads here! Top 50 most-read Mises Dailies during 2013, by unique page views: A Virtual Weimar: Hyperinflation in a Video Game World - Peter C. Earle The Truth About SwedenCare - Klaus Bernpaintner Hushing Up Conspiracy Theories - Jeff Riggenbach How the Stock Market and Economy Really Work - Kel Kelly The Hiroshima Myth
Roundaboutness is Not a Mysterious Concept: A Financial Application to Capital Theory Nicolas Cachanosky, Metropolitan State University of Denver Peter Lewin, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics March 16, 2014 Abstract: We apply the EVA® terminology to the concepts of roundaboutness
by David Stockman From David Stockman’s Contra Corner . Remarks to the Committee For The Republic, Washington DC, February 2014 (Part 4 in a 6-Part Series) Go to Part 1. The Great Depression thus did not represent the failure of capitalism or some inherent suicidal tendency of the free market to plunge into cyclical depression—absent the
Mitt Romney said during the 2012 presidential campaign: “I’m not concerned about the very poor. We have a safety net there. If it needs repair, I’ll fix it.” Can there really be any doubt that it needs fixing? Don’t expect the government to provide any reliable numbers. The biggest federal poverty program, the Earned Income Tax Credit (EITC) pays
Janet Yellen celebrated her confirmation as Fed Chairman on January 6 by immediately issuing a carefully hedged prediction: “I am hopeful that the first digit [ of GDP growth] could be 3 rather than 2 and [that] inflation will move back toward our longer-run goal of 2%.” Let’s hope she has better luck with her predictions than the retiring Ben
Mark Thornton explains what the latest government employment report really tells us.
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