BrookesNews Update

Is manufacturing really signalling good news for the US economy? : "Reasonably informed commentators recognise that Obama's massive borrowing and huge deficits must eventually drive up interest rates. What most of them don't get is that this will kill off time-consuming projects, the sort that are instrumental in raising living standard. In short, the rise in interest rates could be sufficient to kill economic growth. This is because they would be reflecting the amount of savings that the government was consuming at the expense of capital accumulation
Is the US economy facing deflation? : Since inflation is about increases in money supply, obviously an increase in spare economic capacity cannot reduce the rate of inflation as most commentators are saying. Only the Fed's monetary policy can exercise control over the money supply. Hence, regardless of the economic slack, the more money the Fed creates, the more damage it inflicts
The Australian economy: things not as bright as they look : The historical fact is that government spending in itself has never overcome a recession unless funded by the central bank. To put it crudely, it only works when the spending is supplied by the printing press. Furthermore, what we should call inflation-driven recoveries plant the seed for the next recession"
The same media that tried to lynch Rush Limbaugh praised the Stalinist Paul Robeson : The Rush Limbaugh media lynching has at least awakened even more Americans to the political viciousness of the media and their outrageous mendacity. Unable to find the slightest evidence of racism by Limbaugh they resorted to knowingly using racist quotes invented by a leftist. This is the same media that whitewashes American Stalinists who wanted to see their country destroyed
Obama's Hokey COLA spending binge: Every day, in ways large and small, this government shows itself to be the most fiscally reckless and irresponsible in American history - frighteningly on par with those that wrecked once-wealthy Argentina in the 1940s and Germany in the 1920s
Nazism is Socialism: "In his brilliant 1933 essay Hayek explains why Naziism was a socialist movement with Marxist roots with a hatred of capitalism and individualism. The same thing is happening in the US today. The hatred, the anti-liberalism and the sheer intolerance of the American left is creating a vicious political atmosphere that is beginng to closely mirror the totalitarian mindset that destroyed German democracy
Here He Comes: Mr. Universe : Obama's Nobel Peace Prize is every bit as offensive as it is absurd. He is one of the most divisive president's in U.S. history. Take his radical promotion of abortion on demand - up to and including the grizzly and, according to the AMA, never necessary practice of partial birth abortion
The Seduction Of Lindsey Graham : Graham may be right about one thing: Glenn Beck clearly represents the thinking of conservatives, not the GOP. And Sen. Lindsey Graham is now willingly spouting the talking points of the left and abandoning the conservative principles that got him elected. He has been seduced by the left and his reward is ever more national face time and political influence
Isn't America under Obama great? : Obama has proposed a new auto insurance reform plan with a public option. There are millions without auto insurance that need to be protected and it is not fair that they are not covered. The unfortunate who do not have documentation to prove they are American citizens must be also able to share the American dream of a car in every garage or front yard

Posted by John Ray (M.A.; Ph.D.).

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