President Obama

Can the State Produce Wealth?

Sunday, June 17th, 2012 by posted in Capitalism, Economics, Regulation.
create wealth

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.”  Obama, who once remarked on how automated teller

8 comments

President Obama, The View, and the False Notion of Too Big To Fail

Tuesday, May 15th, 2012 by posted in Banking, Capitalism.
US President Barack Obama appears on the

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

No comments yet

*Sigh* Evil Oil Speculators Again?

Saturday, April 21st, 2012 by posted in Capitalism.
gas prices

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

No comments yet

David Axelrod Admits to the Anatomy of the State

Monday, April 16th, 2012 by posted in Civil Liberties, Philosophy, Politics.
david axelrod

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

2 comments

President Obama’s Pretzel Logic

Monday, April 9th, 2012 by posted in Capitalism, Economics.
obama confused

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

No comments yet