In Part I of this series, we examined money velocity (the number of times the money supply circulates in the economy over a year), which is directly related to economic growth, GDP, and found that it has been declining since 1999. The velocity of money is currently slower than it was in the Great Depression. […]
Read more "What Recovery? __ Part II, Systemic High Unemployment?"The recession officially ended in 2009. Government reports tell us that the United States has been in recovery for four years now. The vast majority of Americans don’t feel as if they experienced any recovery. Is it because the rate of economic growth has been the slowest in US history? Shouldn’t the average American feel […]
Read more "What Recovery? __ Part I, Velocity of Money"The world is an asylum made up of players and payers. The players are few and insane, but have all the power. The only payers who resist the players are those that cherish their God-given right to live free. _______________________________________________________________ George Soros is one of the more visible of the players. CEO of Soros Fund Management, […]
Read more "Soros on Interest Rates, Quantitative Easing, and Asylum Watch Opinions"At Real Clear Politics the other day, I came across an article by economist, Arthur Laffer in the Wall Street Journal. the same Arthur Laffer whom developed the Laffer Curve during the Reagan administration. As I often do, I scanned the article and bookmarked it as a possible source for a post. Then this morning […]
Read more "Economic Statistics _ Some Matter and Some Are Deceiving"Anyone who has been paying attention already knows that about 50% of Americans pay no federal income taxes. That number alone should give us all pause. But, according to this Fox News article the situation is much worse. “Right now about 70 percent of Americans take more out of the tax system than they put […]
Read more "Scary Numbers and Data"Monty Pelerin, in his article It’s All Coming Apart published yesterday in American Thinker, shares his views on our current debt crisis. If you have never read Pelerin, you are in for a treat. You may not like what he has to say; but you will love the way he says it. This article and […]
Read more "Heads We Lose _ Tails We Lose"