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The highly publicized – first by the White House, now by the media – “Green Movement,” which subsidizes alternative energy while strangling hydrocarbon-based energy, is a near-perfect example of why government is the worst source for making generalized economic policy. First,...
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Eagle Watch
by
Eagle Watch
on
01-30-2012
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Filed under: politics, economics, history, Congress, business, energy, science, axcess bloggers, conservatism, liberalism, 2012 Elections, Spain, Europe
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We’ve heard much about various politicians’ “Vision of America” – come next November, we’ll find out what the voters see. First, let’s dispense with the discussion about whether or not this election will be a referendum on President Obama. All presidential elections...
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King Pyrrhus of Epirus defeated the Romans at Heraclea (280BC) and at Asculum (279BC), but at the cost of irreplaceable casualties to his own forces. Upon being congratulated by a cohort, the King replied, “one more such victory would utterly undo me [1] .” I get an inkling of King Pyrrus’s lament as...
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The Supreme Court has agreed to combine three cases ( National Federation of Independent Business v Sebelius , No 11-393; US Department of Health and Human Services v Florida , No 11-398; and Florida v Department of Health and Human Services , No 11-400) to review for ruling on the legal legitimacy of...
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The hatful of lawsuits challenging ObamaCare are likely to be heard before the Supreme Court of the United States during this session. All of the cases ask the Court to rule on whether the Commerce Clause of the Constitution allows Congress only to regulate commerce that is being committed, or if Congress...
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To get the economy back on track – once the recovery is self-sustaining – will take some sober thought, because as it is, the economy is set to self-destruct. The current norm is geared toward perpetual and ever-increasing deficit spending. First, the capital markets have to be reinforced against a recurrence...
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The history of bubbles is that they inflate until “conventional wisdom” catches up with reality and people realize that the inflated commodity is dangerously overvalued, and the bubble pops. This results in an overreaction, depressing the value of the commodity until it is undervalued, and people get...
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Remembering that a market economy will tend to recover from recession in around 18 months on its own, recovery strategies by government need to affect the general economy within that first year and a half, or it is wasted. Realizing that we need two or three quarters to confirm that we are in a recession...
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Well, Ben Bernanke gave his Federal Reserve speech at the Jackson Hole [WY] symposium, and he didn’t mention another round of “quantitative easing” (read: printing money), so the Fed isn’t gong to help the president with his “secret plan” for restarting the economy...
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Consumer confidence is at an all time low. More people believe that the country they give their children will be worse than the one they got from their parents than at any time since that question has been asked. Our “recovery” is European normality (flat GDP growth, 9+% unemployment). Our...