In his latest speaking gaffe, President Obama once again demonstrated his ignorance on all things economics when he declared at a White House press conference that the “private sector is doing fine.â€Â Obama, who once remarked on how automated teller
If there is one thing Barack Obama has proven throughout the first term of his presidency besides his expert use of grandiose, simplistic rhetoric, it is his ineptness at understanding economics. Last year, the President hilariously blamed automatic teller machines
Human action is not predictable behavior. The existence of an ability to make choices makes human behavior impossible to model and recreate. This is why econometrics is a flawed as a science and rarely applicable to reality. As Murray Rothbard
Recently on Fox News Sunday, David Axelrod, former Senior Adviser to President Obama and now communications director for his reelection campaign, let slip a sneering remark on the true essence of government. When pushed by anchor Chris Wallace on whether
Originally posted at LewRockwell.com As this fall’s presidential election takes shape as a contest between Barack Obama and Mitt Romney, the rhetoric out of both camps is becoming sharper and more ideological. Looking to exploit Governor Romney’s increasingly close association
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