Monthly Archives: July 2015

“The future can’t be modeled or predicted in economic terms.”

Okay, so that article is somewhat bombastic, even if it makes the excellent points that: 1. Any economic system that requires government coercion is bound to fail at the limits; and, 2. Socialism has long proven itself incapable of achieving the goals its advocates claim. From Investor’s Business Daily: Bernie Sanders Would Rather Drain than Grow the Economy. But what really… Read more →

The NYT’s forgets history…

Here is the title of a ridiculous little piece in a former newspaper, the New York Times: Germans Forget Postwar History Lesson on Debt Relief in Greece Crisis The author argues that Germany, “benefited not so long ago from more lenient terms than it is now prepared to offer” Greece.  In 1953, Germany’s creditors cut its outstanding debt in half. What… Read more →