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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
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Eagle Watch
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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 all watch in horror the tragedy of the cruise ship aground off Giglio Island. “Inexcusable!” is the universal cry. “Those reefs are on my chart,” says veteran sailor and FOX News host Geraldo Rivera. Anyone else see President Obama as Captain Schettino, America as the Costa Concordia , and self-absorbed...
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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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The fall of the Soviet Union, geopolitically profound as it was, didn’t usher in “a New World Order.” The world still lives in the warmth and prosperity of the dominance of Western Civilization. A collapse of the European Union could well end that world order – which is on notice...
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You’ve heard it all your life … “good/bad things come in threes.” If that’s true, we could be in for a rough winter. There are, in fact, three situations coming to a head – the Eurozone financial crisis, a wholly new aspect to the Egyptian Spring, and a wholly new aspect to Iranian bellicosity. All three...
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There were two debates last week, one televised one not, both important on a national level. Taking the televised one first, professional Republicans are, again, looking for a not-Romney candidate after Governor Perry’s lackluster performance Thursday night. It may be a case of style over substance...
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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...