Category Archives: economics

E Pluribus Absurdum

Posted on July 31, 2011 by B Psycho

The Trillion Dollar Coin gambit has hit the big time, appearing in the leading paper of that company town known as D.C.: [...] Obama could always just solve the crisis with a pair of magical platinum coins. Sure, that sounds … Continue reading →

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Posted in economics, fevered barking | 1 Comment

Rated F for Failure

Posted on July 16, 2011 by B Psycho

Those credit ratings agencies being talked about in the news now?  Those ones talking about downgrading the credit rating of the U.S. government?  They’re the same ones that were routinely rating piles of mortgage garbage as legit investments, which later … Continue reading →

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Posted in economics, random shots | 1 Comment

The Sky is the limit. The limit is the sky.

Posted on July 2, 2011 by B Psycho

Does anyone else find the latest talk about the U.S. debt ceiling having a “constitutional option” as far as being simply ignored a bit odd?  To hear them tell it, the ceiling existed as an actual ceiling, rather than a … Continue reading →

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Posted in economics, fevered barking | 2 Comments

Economic Growth Hormones

Posted on June 14, 2011 by B Psycho

Since it’s come up as a topic lately, here’s my two cents: -Drastic, sustained growth over several years like Pawlenty was talking about as an “aspiration” is generally associated with rapid industrialization in poorer countries.  The U.S. is well past … Continue reading →

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After awhile you stop noticing

Posted on June 13, 2011 by B Psycho

Among the Palin emails was a revelation that, while in office, she solicited Dick Cheney’s help to influence passage of a natural gas pipeline project in Alaska.  Pretty bold, admittedly, but considering her aspirations at the time and position as … Continue reading →

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Failure Everywhere

Posted on June 5, 2011 by B Psycho

Looking at the economic news lately, I keep having one recurring thought pop into my head: where are the pitchforks? Really, where? Have we sold them all? Are people here really such complacent, unquestioning sheep that a fundamentally unjust system … Continue reading →

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Crank That Central Bank

Posted on April 26, 2011 by B Psycho

No, Soulja Boy didn’t come up with yet another stupid dance.  I refer to Kevin Carson describing in higher detail the point I’d previously come to concerning monetary policy — in short, that money can be (indeed, is) tight for … Continue reading →

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Pull here to dispense gas

Posted on April 21, 2011 by B Psycho

Pandering season seems to start earlier and earlier all the time: President Barack Obama said Thursday that the Justice Department will try to “root out” cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested … Continue reading →

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Growth Opportunities

Posted on March 24, 2011 by B Psycho

Despite the feds continuing to contradict the medical-marijuana detente proclaimed by Obama, business is booming: There is a noticeable aroma wafting around the medical marijuana industry. It’s the smell of money — with a strong hint of entrepreneurial opportunity. Medical … Continue reading →

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Stumping Bernanke

Posted on March 14, 2011 by B Psycho

I’ve previously described U.S. monetary policy as akin to a garden hose with a knot in it turned up to full blast: despite the cranked up flow (Federal Reserve policy), you still lack for water (money) due to the knot … Continue reading →

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Posted in economics | 1 Comment