Archive for December 6th, 2009

Obamanomics–New Deal Progressive Radical Socialist Interventionism

Posted on December 6, 2009. Filed under: Communications, Economics, Education, Employment, Energy, Fiscal Policy, government spending, history, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Psychology, Raves, Regulations, Resources, Technology, Uncategorized, Video, Wisdom | Tags: , , , , , , , , , , |

OBAMANOMICS EXPLAINED: Spreading the Wealth

DIGGING DEEPER IN THE HOLE !! OBAMANOMICS 17.5 % UNEMPLOYMENT SCHIFF !!

Thomas Sowell – Obama’s Vision

The great Thomas Sowell talks about Obama-nomics

Thomas Sowell – The Vision of the Anointed

Obamanomics – Lew Rockwell on Economics 101

Peter Schiff – Consumer spending, gold new high, dollar new low

Obamanomics: Part One “The Hidden Agenda”

Obamanomics: Part Two”The Hidden Agenda”

Neal: Obamanomics

Background Articles and Videos

Thomas Sowell and a Conflict of Visions

Uncommon Knowledge: The Great Depression with Amity Shlaes

Obama’s Broken Promises Jul 1, 2009

Cavuto schools O’Reilly on Obamanomics

Timothy P. Carney: Obamanomics: General Electric wins big with White House
By: Timothy P. Carney

“…General Electric is a sprawling, complex corporation with many diverse businesses. The company makes light bulbs and refrigerators, sure, but it also has a finance arm, a transportation arm, a health-care arm, a communications arm, and more. The above letter from Immelt reveals what these arms all have in common: They all reach out for government favors.

Look at any major Obama policy initiative — healthcare reform, climate-change regulation, embryonic stem-cell research, infrastructure stimulus, electrical transmission smart-grids — and you’ll find GE has set up shop, angling for a way to pocket government handouts, gain business through mandates, or profit from government regulation. …”

http://www.washingtonexaminer.com/opinion/columns/Obamanomics_-General-Electric-wins-big-with-White-House-8613322-78254677.html

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Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

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David Gordon–Five Best Books on the Current Crisis–Video

Posted on December 6, 2009. Filed under: Blogroll, Communications, Economics, Education, Employment, Fiscal Policy, government spending, history, Investments, Language, Law, liberty, Life, Links, People, Politics, Quotations, Raves, Regulations, Security, Video, Wisdom |

Five Best Books on the Current Crisis

1. What has Governmet Done To Our Money?
By Murray Rothbard

WHGDtOM?

2.  Early Speculative Bubbles and Increases In The Supply of Money
By Douglas E. French

 

3.  Politically Incorrect Guide to The Great Depression and The New Deal

By Robert Murphy

4. Meltdown

By Tom Woods

 

5. End The Fed

By Ron Paul

I would add one more to the list that Ron Paul recommends as well”

6.  Obamanomics

By Timothy P. Carney

 

 

Background Articles and Videos

Murray Rothbard

“…Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American intellectual, individualist anarchist,[1] author, and economist of the Austrian School who helped define modern libertarianism and popularized a form of free-market anarchism he termed “anarcho-capitalism”.[2][3] Rothbard wrote over twenty books.

Building on the Austrian School’s concept of spontaneous order in markets, support for a free market in money production and condemnation of central planning,[4] Rothbard sought to minimize coercive government control of the economy. He considered the monopoly force of government the greatest danger to liberty and the long-term wellbeing of the populace, labeling the State as nothing but a “gang of thieves writ large” – the locus of the most immoral, grasping and unscrupulous individuals in any society.[5][6][7][8]

Rothbard concluded that virtually all services provided by monopoly governments could be provided more efficiently by the private sector. He viewed many regulations and laws ostensibly promulgated for the “public interest” as self-interested power grabs by scheming government bureaucrats engaging in dangerously unfettered self-aggrandizement, as they were not subject to market disciplines which would quickly eliminate such parasitic inefficiencies if they were to occur in the competitive private sector.[9][10][11]

Rothbard was equally condemning of state corporatism. He criticized many instances where business elites co-opted government’s monopoly power so as to influence laws and regulatory policy in a manner benefiting them at the expense of their competitive rivals.[12]

He argued that taxation represents coercive theft on a grand scale, and “a compulsory monopoly of force” prohibiting the more efficient voluntary procurement of defense and judicial services from competing suppliers.[13][6] He also considered central banking and fractional reserve banking under a monopoly fiat money system a form of state-sponsored, legalized financial fraud, antithetical to libertarian principles and ethics.[14][15][16][17] Rothbard opposed military, political, and economic interventionism in the affairs of other nations.[18][19]

http://en.wikipedia.org/wiki/Murray_Rothbard

Bubble Economics: The Illusion of Wealth

By Doug French

“…Mises wrote

If the crisis were ruthlessly permitted to run its course, bring about the destruction of enterprises which were unable to meet their obligations, then all entrepreneurs — not only banks but also other businessmen — would exhibit more caution in granting and using credit in the future. Instead, public opinion approves of giving assistance in the crisis. Then, no sooner is the worst over than the banks are spurred on to a new expansion of circulation credit.

And that’s where we are today. That’s exactly what the Obama administration, and Ben Bernanke at the Fed, are trying to do.

There was a Treasury secretary, once upon a time, in 1929, named Andrew Mellon. He said to Herbert Hoover,

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.… It will purge the rottenness of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.

Herbert Hoover did not listen to Andrew Mellon. And believe me, Tim Geithner is no Andrew Mellon.”

http://mises.org/story/3616

Money, Banking and the Federal Reserve

 

The Incredible Bread Machine Film

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Henry Hazlitt–Economics In One Lesson–Videos

Posted on December 6, 2009. Filed under: Blogroll, Communications, Economics, Education, Employment, Fiscal Policy, government spending, Health Care, Investments, Law, liberty, Life, Monetary Policy, People, Philosophy, Politics, Raves, Regulations, Taxes, Video, War, Wisdom | Tags: , , |

Economics in One Lesson: Part 1

Economics in One Lesson: Part 2

Economics in One Lesson: Part 3

Economics in One Lesson: Part 4

Economics in One Lesson: Part 5

Economics in One Lesson: Part 6

Economics in One Lesson: Part 7

Economics in One Lesson: Part 8

Economics in One Lesson: Part 9

Economics in One Lesson: Part 10

Economics in One Lesson: Part 11

Economics in One Lesson: Part 12

Background Articles and Videos

Henry Hazlitt

“..Henry Hazlitt (November 28, 1894 – July 8, 1993) was a libertarian economist,[1] and journalist for The Wall Street Journal, The New York Times, Newsweek, and The American Mercury, among other publications.

In childhood his family’s finances were meagre, his father having died when Hazlitt was an infant. He attended New York City’s tuition-free City College, but left after a year and a half to become a journalist. Hazlitt started his career at The Wall Street Journal, and he wrote his first book, Thinking as a Science, at the age of 21. He also worked as a journalist for the New York Sun and as the finance and economics editor of The New York Times. He was H. L. Mencken’s chosen successor as editor of The American Mercury, an associate editor of The Nation, financial editor of The New York Evening Mail, the American correspondent for the Revue economique internationale of Belgium, wrote a signed column for Newsweek, and, with John Chamberlain, served as editor of the early free market publication The Freeman.

He is credited with bringing Austrian economics to an English-speaking audience. Along with the efforts of his friends, John Chamberlain and Max Eastman, for example, he is credited with bringing F. A. Hayek’s The Road to Serfdom to the American reading public’s attention through his review in The New York Times. Hazlitt was a prolific writer, authoring some 25 books in his lifetime.[2]

Hazlitt wrote a book titled Economics in One Lesson, and also wrote other books, among which are a major work on ethics, The Foundations of Morality, and The Failure of the New Economics, a detailed chapter-by-chapter critique of Keynes’s General Theory of Employment, Interest, and Money (of which he paraphrased a quote attributed to Samuel Johnson that he was “unable to find in it a single doctrine that is both true and original. What is original in the book is not true; and what is true is not original.”

Hazlitt was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine.

From 1997 to 2002 there was an organization called The Henry Hazlitt Foundation which actively promoted libertarian networking online, especially through its website Free-Market.Net. This organization was named in honor of Hazlitt because he was known for introducing a wide range of people to libertarian ideas through his writing and for helping free-market advocates connect with each other. For example, he secured a position at New York University for the economist Ludwig von Mises, and he introduced the novelist Ayn Rand to Mises, whom she admired. It is important to note that the foundation was started after Hazlitt’s passing and had no official connection with his estate. …”

http://en.wikipedia.org/wiki/Henry_Hazlitt

An Inside Look at the Foundation for Economic Education FEE

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Robert P. Murphy–Videos

Posted on December 6, 2009. Filed under: Blogroll, Communications, Economics, Education, Employment, Energy, Fiscal Policy, government spending, history, Language, Law, liberty, Life, media, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Taxes, Video, Wisdom | Tags: , , , , , , |

 

Unemployment: The 1930s and Today

Bob Murphy, Author of the Politically Incorrect Guide to the Great Depression & New Deal

Robert Murphy: Busting the Myth of Green Jobs

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Robert P. Murphy – BookTV: The Politically Incorrect Guide

Austrian vs. Neoclassical Analytics

Authors Forum: “Human Action” Study Guide

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 1/7

 

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 2/7

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 3/7

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 4/7

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 5/7

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 6/7

 

Dr Robert Murphy “Repeating Mistakes of The Great Depression” Nassau, Bahamas Part 7/7

 

Background Articles and Videos

Robert Murphy

“…Robert P. “Bob” Murphy (born 23 May 1976) is an Austrian School economist and free market-oriented author.

Murphy completed his Bachelor of Arts in economics at Hillsdale College in 1998. He then moved back to his home state of New York to continue his studies at New York University. Murphy earned his Ph.D. in economics from NYU in 2003 after successfully defending a dissertation on Unanticipated Intertemporal Change in Theories of Interest.[1]

Murphy is married to Rachael Murphy (née Fajardo) with whom he has one son, Joel Clark Murphy, and lives in Nashville, Tennessee. Murphy is a Christian, and has stated in his writings that “my ethical beliefs are informed by my Christian faith, and I am a firm believer in natural law.”[2]

After earning his doctoral degree, Murphy served as Visiting Assistant Professor of Economics at Hillsdale College in Michigan, U.S., a role he relinquished in the summer of 2006 when he moved back to New York City. From 2006 until early 2007, Murphy was employed as a research and portfolio analyst with Laffer Associates,[3][4] an economic and investment consultancy firm.[5]

Murphy is a senior fellow in business and economic studies at the Pacific Research Institute,[6] and is an adjunct scholar and frequent speaker at the Ludwig von Mises Institute. He writes a column for Townhall.com[7] and has also written for LewRockwell.com. He is an adjunct scholar at the Mackinac Center for Public Policy[8] and an economist for the Institute for Energy Research.[9] Murphy appeared before the United States House Committee on Financial Services on 24 July 2008 to discuss oil prices and the United States dollar.[10] His work has been cited by Walter Block,[11] with whom Murphy has also published.[12] Murphy is a frequent radio guest. He appeared on “Free Markets With Dr. Mike Beitler” on the Voice America Business network on October 30, 2008. …”

http://en.wikipedia.org/wiki/Robert_P._Murphy

Economists Can Be Hilarious

By Robert Murphy

“…We economists have a reputation for being dry and boring. That’s why Ben Stein’s scene in Ferris Bueller’s Day Off works so well — and why this guy is such a novelty. Given our dismal reputation, I am happy to report that some economists’ recent defenses of the efficient-markets hypothesis are laugh-out-loud funny. Outside Cirque du Soleil, you will not see such contortions as when these economists try to defend their theory from either refutation or triviality. …”

http://mises.org/daily/3835

Apologist Responses to Climategate Misconstrue the Real Debate (Quantitative, not Qualitative)

by Robert Murphy

“…These defenses are self-evidently absurd to anyone who has read the actual CRU emails in question. The public’s faith in the sacrosanct “peer-review process” will be understandably shaken when they read just how this “consensus” was enforced. Furthermore, the real debate was not between ultra-skeptics who say “global warming is a hoax” versus professional climate scientists who say “anthropogenic climate change is real.”

No, the true debate has been among practicing climatologists, with some arguing that the global climate’s sensitivity to a doubling of greenhouse gas concentrations may be well below the IPCC AR4’s reported range of 2C – 4.5C. If these “skeptics”–such as Richard Lindzen, Pat Michaels, and Roy Spencer–are right, then the case for large-scale government intervention to penalize carbon emissions is considerably weakened.

In this context, the evidence brought to light by “Climategate” may be very significant, because it reaffirms the chinks in the IPCC armor that the educated skeptics have been pointing out for years. It’s true, an email from Phil Jones by itself doesn’t make Richard Lindzen right or wrong, but when policymakers need to decide which scientific experts they can trust, then the CRU emails are very relevant. …”

“…The scholarly skeptics do not doubt that the earth is warmer now than it was in 1850, and they don’t doubt that higher global temperatures would have noticeable effects on migratory patterns, ice sheets, and so forth. The real debate has been and continues to be: What fraction of this warming can be attributed to human activities? And then extrapolating, what will be the likely impacts on the climate if economic activity continues on its present trajectory?

When it comes to nuanced questions such as these–as opposed to loud mouths declaring, “Global warming is a hoax!”–the CRU emails and computer code are very revealing. Those of us who are not experts on climate models now have proof that the official line that “the science is settled” was a bluff. Of course it’s still possible that the IPCC projections may turn out to be accurate when all is said and done, but the confidence we should right now place in their modeling is much lower than what their biggest enthusiasts have been assuring us for years. …”

http://www.masterresource.org/2009/12/sarcastic-responses-to-climategate-misconstrue-the-real-debate/

Mises Daily, Robert P. Murphy

http://mises.org/articles.aspx?AuthorId=380

Free Advice, Robert P. Murphy

http://consultingbyrpm.com/blog/

Web Site of Robert P. Murphy, PhD.

http://consultingbyrpm.com/

Bob Murphy at Oil/Dollar Hearing 7/24/08 (Part 1 of 2)

Bob Murphy at Oil/Dollar Hearing 7/24/08 (Part 2 of 2)

Why You’ve Never Heard of the Great Depression of 1920


 

Conversations With History: Lessons from FDR’s New Deal

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