Are you ready for a wild 2013? It should be a very interesting year. When the calendar flips over each January, lots of people make lots of lists. They make lists of “resolutions”, but most people never follow through on…
From SocGen: The scaled-down deal passed in the Senate addressed the fiscal cliff but did nothing to address longer term fiscal health of the nation. This puts the US rating at risk for a downgrade. However, credit rating agencies may…
The Keynesian model is a Cargo Cult, mired in a distant, romanticized past where Central Planning, intervention and manipulation were solutions rather than the root of the economy’s fatal disease. If we want to trace today’s policy failures back to…
“We’re taxing $1.2 trillion dollars this year. We’re not collecting it, but we’re taxing it.” Yep. That’s the bottom line. When Congress spends in deficit it is taxing money that it does not collect today, and thinks it can collect those…
