Category Archives: Economy
Things Are Getting Better and Other Popular Lies
The President says things are getting better. The economy’s improving. There will be prosperity for all in our time. But if you live outside the Washington beltway, and earn your living through honest means, you know this is essentially a … Continue reading
Guided By the Heavy Hand of Government
Wednesday was one of the more hilarious days in recent memory. President Obama gave a speech on the economy. As a Reuters article put it, the speech “sought to inject momentum into his economic and domestic policy agenda.” It didn’t. … Continue reading
The High Point of China’s Economic Boom
Sometime in the early 1980s, goes the popular lore, Chinese leader Deng Xiaoping looked out across the vast people’s communes and pronounced, “To get rich is glorious.” Suddenly, without hesitation, the people put down their rakes, walked off the farm … Continue reading
Safe Investment Losses
The Labor Department reported Friday that employers added 195,000 new jobs to their payrolls in June. Nonetheless, the unemployment rate remained at 7.6 percent, as people entering the workforce subtracted out all job gains. Still, markets were delighted. The DOW … Continue reading
