Today is the 65th anniversary of the bombing of Hiroshima, and for the first time ever, the US government has sent an envoy to attend the annual ceremony commemorating the attack. Don’t hold your breath for an apology though. The US government sti...
After the Democrats said “Trust us” and “You’ll just have to pass it to see what’s in it” with their Health Care Deform bill, despite our protests and polls showing a majority was against the measure, they passed it anyway. One argument against the bill was “Look at what Government has done to Social Security! [...]
Did the aggregate Irish populace see this coming? It was not so long ago that the Irish voted twice to provide the EU with additional powers that EU leaders had hoped to achieve via the passage of a constitution. When the French along with a few other c...
Another day, another dry and witty Economist magazine article advising another large country on what its central bankers need to do. There is never any doubt within The Economist brain-trust that central banking is a necessary phenomenon, or that it me...
Bet you didn't know that Britain was suffering from high inflation. We didn't anyway and we try to keep on top of these things. We knew that Britain was suffering from a high jobless rate. And we knew that Britain's debts were out of contro...
The Telegraph has been very good at diagnosing deflationary trends in the larger economy, and we have agreed with this analysis because it seems obvious. What is noteworthy, however, is that prices keep going down, as the Telegraph analyzes above, even...
This is a treat. We were scrolling through the 'Net and came on this June China analysis laid out in an Israeli blog that bills itself as one that offers "a Libertarian and Austrian View on Economic, Financial and Geopolitical Issues." Si...
Yesterday, we surmise, was one long headache for those in charge of the Afghanistan war on the Western side. Metaphorically, many good officers in the Pentagon and elsewhere stood in the middle of otherwise efficient offices holding their collective he...
A real bill, as its name suggests, is just a notice of payment due that typically the wholesale merchant sends to the retail merchant along with his shipment of goods demanded most urgently by the consumers. It is useful to think of the bill as a secur...
Of course from our point of view the Economist is one of the mouthpieces for the British elite. As dashing and amusing as Punch magazine, as erudite as another mainstream mouthpiece, the Financial Times, the Economist profiles the goings-on of the worl...