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"One should either write ruthlessly what one believes to be the truth, or else shut up."

Arthur Koestler 

Entries in Economics (326)

Wednesday
Nov162011

Old Vs. Young

Naturally we want to help the older members of soceity. But people in thier 20's have a difficult situation forced on them by thier elders. They must save for their own retirement while paying for the retirment of thier grandparents. The generational compact has been broken. 

 

Monday
Nov142011

Fire Them All

I hope "they" all can be fired!

Saturday
Nov122011

Where Are We Spending?

 

A little chart candy for a laid back Saturday. If we want to balance the budget we will need to cut. By looking at this chart one can see how dfficult it will be to cut 40% of our spending as we need to. This chart is from Karl Denninger. I recomend that you read his commentary, or maybe I do not recomend it, it is after all the weekend. 

Wednesday
Nov092011

We Do Not Have A Capitalist System

Sunday
Nov062011

Why Is Manufacturing Going Overseas?

The reason that manufacturing is going overseas is not labour, it is the government. Here is an example,