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It’s the History, Stupid

Franklin @ October 18, 2008 # 4 Comments

Image by Tony the Misfit via Flickr McCain decided to attack Obama’s tax plan with the catchy phrase “America did not become the greatest country on earth by spreading the wealth around.” Unfortunately for Mr. McCain , that’s exactly the way America became the “greatest country on earth”, whatever that means. You see, there is […]

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Congress expected to pass financial rescue package: Getting Ready for a Deeper Recession

Franklin @ September 28, 2008 # 7 Comments

Congress expected to pass financial rescue package: Financial News – Yahoo! Finance So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible during hyperinflation. In September of […]

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Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance

Franklin @ December 17, 2007 # One Comment

Keynes to the rescue! Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program. From Keynes to Monetarism and back to Keynesian economics. Oh, […]

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