Tag Archives: government meddling
Garbage In Garbage Out Economics
“On two occasions I have been asked, “Pray, Mr. Babbage, if you put into the machine the wrong figures, will the right answers come out? …I am not able rightly to apprehend the kind of confusion of ideas that could … Continue reading
Potato Sack Economics
Fiscal policy, as opposed to monetary policy, is more readily understood by the general populace. Income taxes, budget deficits, the national debt. These are all tangible things the average working stiff can grasp a hold of, if they care to. … Continue reading
The Chinese Fiasco
The twilight receded into the vista of the glowing port lights. Docked container ships melded into the profusion of overhead cranes. Sporadic refinery flares overtook the final sparkles of dusk. The sun slipped beyond the far side of the Palos … Continue reading
The Fed’s Edifice Crumbles Away
There have been many appeals to ignorance over the last several years with respect to the effectiveness of monetary policy. One popular tactic of policy goons is to point to an improved economic statistic – like unemployment – and self-adulate … Continue reading
