When Nuclear Arms Create Instability.

For many years nuclear arms have promoted international security by making conflict between the major powers a thing of the past. Even countries like Pakistan and India who have terrible relations and still formative political institutions have kept relative peace between. With recent actions by Russia however a new page has been turned that could
Continue reading...

Are Rioters Crazy?

With the riots in Baltimore after Freddie Gray’s funeral it is possible to talk about how the rioters are crazy, that they are destroying their own often downtrodden neighborhoods, how can that make things better for them? Really though there is a logic behind the action. If you are a member of a politically disenfranchised
Continue reading...

Fed Policy And Wages.

There is some talk going on about how the Fed should hold off raising interest rates until labor can reap the benefits of the economic growth that has been occurring in the U.S., mainly through increased wages. The latest I have seen was on the NYTimes website. This is a really dangerous point of view, and it is unfortunate
Continue reading...

The Failure Of Redistribution?!

  President Obama has issued his proposed budget, it includes infrastructure spending funded through a one time tax on corporate profits held overseas. His budget also includes an increase in capital gains taxes and a plan to extend that to inherited wealth. Paul Ryan responded to the second issue by saying that “What I think
Continue reading...

Inclusive Capitalism.

Post State Of The Union address the NYTimes ran a piece by Thomas B. Edsall in their January 20th edition, http://www.nytimes.com/2015/01/21/opinion/can-capitalists-save-capitalism.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region&region=c-column-top-span-region&WT.nav=c-column-top-span-region  In this piece Mr. Edsall comments upon President Obama’s plans to increase taxes on the wealthy while dropping taxes on lower income people. This form of policy is being referred to as Inclusive Capitalism, it is
Continue reading...

Geo Engineering And Environmentalism.

There has been some dabbling in experiments to counteract climate change through engineering. One of these in 2009 involved putting iron into the ocean to cause a phytoplankton bloom to absorb carbon dioxide from the atmosphere. Another experiment in 2011 tried seeing how balloons would work as a stratospheric delivery system by spraying water from
Continue reading...

How Should The Fed’s Money Have Been Spent?

The New York Times has run a piece on a book by Barry Eichengreen entitled Hall Of Mirrors, appearing in the January 10th edition, written by Neil Irwin. http://www.nytimes.com/2015/01/11/upshot/the-depressions-unheeded-lessons-.html?_r=0&abt=0002&abg=1 In this book Mr. Eichengreen faults policy makers for not seriously enough the economic contraction of 2008, becoming self satisfied in their efforts to stem the damage,
Continue reading...

By Default or Design: The Demise of the Postal Service

Guest Post by Mark Jamison, retired Postmaster Webster, N.C. This post originally appeared on Save The Post Office Blog. This is Part 2 of three posts and following Invisible Hands: The Businessman’s Campaign to Dismantle the Post Office. Default It’s an ugly and dangerous word.  It gives the impression that the individual or enterprise attached
Continue reading...