Reason and Sanity

First appeared on June 09, 2009 at American Thinker

By Andrew Foy and Brenton Stransky

A common liberal argument aimed at America's free market economy and reinforced in President Obama's budget proposal A New Era of Responsibility is that, over the last 25 years, the rich have gotten richer while the poor have gotten poorer. While this assertion should be of concern to anyone interested in domestic and economic policy, a critical examination of the data reveals the claim to be almost certainly spurious and uncovers an even more interesting question -- what is the motivation for the current administration to propagate such a claim?

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Appearing first on May 18, 2009 at American Thinker

Randall Hoven

"German economic policy is ‘bankrupt,' economists have said.  The declaration was made as it emerged that Europe's biggest economy has now suffered a worse ‘lost decade' than Japan and is deeper in recession than any other major economy.  On a day of dismal news for the European economy, official figures also showed that Italy, Austria, Spain and the Netherlands are facing their biggest combined slump in post-war history."

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Economic Depressions: Their Cause and Cure

Mises Daily by Murray N. Rothbard | Posted on 10/2/2008 12:00:00 AM 

[This essay was originally published as a minibook by the Constitutional Alliance of Lansing, Michigan, 1969.]

We live in a world of euphemism. Undertakers have become "morticians," press agents are now "public relations counsellors" and janitors have all been transformed into "superintendents." In every walk of life, plain facts have been wrapped in cloudy camouflage.

Appeared first on March 01, 2009 at American Thinker

How Did This Happen?

By Randall Hoven
We are in financial and economic trouble.  And by "we", I mean just about everybody, from the US to Iceland and Latvia.  Isn't it worth, say, ten minutes to try to figure out how this happened?  That is, while we throw virgins into volcanoes and go into debt at a rate of about one trillion dollars every two months in frantic attempts to save ourselves, shouldn't we also try to figure out what's really going on?

First appeared at American Thinker on:

February 19, 2009

Randall Hoven

How can any Republican complain of Obama's spending habits or complain about his stimulus, given the way Republicans spent "the last eight years"?  Well, I'm going to tell you exactly how.

The left would have us believe that the financial crisis is a product of free markets and scant regulation.

• Myth: The cost of living has steadily risen throughout the 20th century, especially the last few decades.
• Myth: The 1980s were a decade of greed.
• Myth: The rich are getting richer and the poor are getting poorer.
• Myth: Wages have fallen in the last 20 years and the market is only creating bad jobs.
• Myth: We are running out of various resources.

According to the Business and Media Institute, in the first half of 2008 there were 70 stories on ABC, NBC, and CBS that compared our current economy to the Great Depression. And between July 1, and October 27, of this year, another 157 similar comparisons were made.