Fifty years after President Johnson launched his “War on Poverty,” it is time to stop pretending and start doing something real for the poor. Mitt Romney said during the 2012 presidential campaign: “I’m not concerned about the very poor. We
Martin Scorsese never stops his new, three-hour film The Wolf of Wall Street to sermonize against the evils of capitalism. The Oscar-winning director is too good a storyteller to stumble into that ideological bear trap. Instead, he lets the life
Last week, the Federal Open Market Committee (FOMC) told the financial markets what they wanted to hear, namely that the Federal Reserve is going to moderate massive purchases of Treasury debt and mortgage securities. The news of the “tapering” of
Ronald Reagan told the story of a benefit stealing “welfare queen” back in 1976 to argue for smaller, leaner government. Liberals have complained about the generalization ever since. Paul Krugman called it a “bogus story” as recently as 2007. It
As America was entering World War I, Joe Young and Sam Lewis wrote a song that became a huge hit at the time: “How ‘Ya Gonna Keep ‘Em Down on the Farm (After They’ve Seen Paree).” Something similar happened in
The health insurance giants that donated millions to get President Barack Obama elected are enjoying record profits amid the Obamacare debacle and are projected to pour an estimated $500 million in 2014 into Obamacare advertising designed to score even greater
In response to Denver Post: Arapahoe High School Shooter Held ‘Strong Political Beliefs’: Let me preface this by reiterating that I don’t think the actions of any crazed individual discredit the philosophy and principles of sane, law-abiding people, whether I
My friend and fellow monetary historian James Rickards has written an important new book, “The Death of Money: The Coming Collapse of the International Monetary System.” Jim and I both worked together at Tangent Capital Partners in New York and
I dislike the term “middle class,” for two reasons. One: it imposes a left-wing template on American society that simply does not fit. Two: it describes almost everyone and yet no one. Obama ran in 2008 and 2012 on the
The unprecedented expansion of the Fed’s balance sheet over the last few years looks like it may be setting us up for a bond bubble and future currency crisis of historic proportions. Looking over the $17 trillion in national debt, and the Fed’s
Paul Krugman is the latest lefty to push the line that California’s version of Obamacare, Covered California, is working so well that it redeems the rest of the program. This is a repeated refrain among Democrats because it was always
For all of the desperate attempts at distraction, demonization and outright lies about Obamacare the truth remains – having health insurance does not equal getting quality healthcare. It is true that there are problems with the health insurance industry. If
Paul Krugman, the liberal Nobel Prize-winning columnist for the New York Times, thinks California is making an economic comeback. He attributes this mostly to the Republican party’s steady decline in the state, which left Governor Jerry Brown “free to push
In response to Yes, the Democrats’ Plan Was to Create a Transition to Single Payer: Since you brought up Paul Krugman, let’s not forget one of the dumbest and most dishonest things he’s ever said (and that’s saying a lot):
Wednesday night Sean Hannity brought up a topic which deserves more attention than it has ever received from the media. Is the ACA intended to transition us to single-payer? The answer to this question is yes, though unfortunately the discussion
The liberal segments of Congress and the Big Media are pounding away on the idea that “austerity” due to budget cuts is somehow behind the slow performance of the US economy. Never mind that there is little evidence that the
After months of boldly promising that Obamacare would be a smashing success, New York Times progressive columnist Paul Krugman now concedes that President Barack Obama’s healthcare overhual is a “mess” and that “Obamacare ended up being a big kludge.” Krugman spent
The Wisconsin Policy Research Institute has published an excerpt from Gov. Scott Walker’s forthcoming book. It describes the threats to life and limb that he and his family received during the debate over Act 10. In particular Walker notes how
New York Times columnist Paul Krugman on ABC’s “This Week” with George Stephanopoulos: …”This what I was talking about, This is policy ignorance, not understanding that the employer mandate is a trivial add-on to the law, while the individual mandate
“Free at last, Free at last, Thank God almighty we are free at last.” — Rev Martin Luther King Jr. The speculation about who will be chosen by President Barack Obama to succeed Federal Reserve Board Chairman Ben Bernanke has
New York Times columnist and Nobel Prize winning Princeton economist Paul Krugman is battling plagiarism charges after a distinguished UCLA professor of economics leveled the accusation against him on his blog. In an open letter to Paul Krugman, UCLA economics
New York Times columnist Paul Krugman likes to name call. When Krugman reaches the limits of his incompetence as an economist and polemicist of the Keynesian socialist left, he likes to call Republicans liars. For example, in his August 15,
The latest government statistics on jobs and consumer spending once again show that the US economy is growing far more slowly than the majority of American economists, politicians and citizens hope and expect. The issue of expectations is crucial because
Last week I noted a report on a new study which found that upward mobility was more common in areas with “more two-parent households, better elementary schools and high schools, and more civic engagement, including membership in religious and community
Nate Silver has left the NY Times for a high profile spot at ESPN. Today the Times’ Public Editor explains that Silver never really fit into the Times’ culture: I don’t think Nate Silver ever really fit into the Times
In response to Thor’s Latest Thriller Tackles Secretive World Of The Federal Reserve: This would also have been a great plot for the upcoming sequel to the Marvel super hero Thor movie. Imagine the Hammer of the Gods smashing through
“You thought socialism was dead, other than in miserable countries such as North Korea and Cuba? Think again. It’s alive and well at the Federal Reserve, and we and the world are paying a price for it.” — Steve Forbes, February 12,
With Obamacare’s grand opening less than six months away, the Government Accountability Office (GAO) reported on Wednesday that the government has already blown numerous deadlines for setting up the health exchanges that are to provide insurance for nine million people.
On Tuesday morning, New York Times columnist Paul Krugman was minding his own business at a coffee shop on the Princeton University campus when his world stopped turning. The Princeton University campus received a bomb threat to multiple buildings, forcing
Last week, a raft of economic data came out that confirms what all of us already know, namely that the US economy is growing far more slowly than before the 2008 financial crisis. Most politicians and economists tell us that
Liberal economist and leading modern Keynesian, Paul Krugman of The New York Times, has been one of Barack Obama’s biggest cheerleaders, but suddenly he is a bit down on the Obama administration saying that he is afraid that the country
Paul Krugman on ABC News’ “This Week” With George Stephanopoulos’ roundtable discussing the NSA surveillance of millions of americans phone and internet records…
Triumphalist progressive claims that early California figures prove Obamacare will reduce health insurance costs are coming to a screeching halt as closer analyses reveal Californians will actually experience a staggering 64% to 146% increase in individual health insurance premiums come
In an open letter published on Saturday, Harvard economists Carmen Reinhart and Kenneth Rogoff fired back at New York Times columnist Paul Krugman for his “spectacularly uncivil behavior” in the wake of a controversy over the scholars’ austerity findings. “It has
In a surprising departure from Democrats’ strategy of intentionally lowering expectations for Obamacare’s January 2014 grand opening, New York Times progressive columnist Paul Krugman has declared that “the real Obamacare shock will be one of unexpected success” wherein “millions of
Japan’s key equity market indices fell more than 6 percent overnight, the most since the aftermath of the 2011 earthquake. Bloomberg reports that futures trading in Osaka was suspended. “Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman
Comparing the unfair advantage of the IRS targeting conservative groups to professional athletes taking illegal steroids, James Taranto of the Wall Street Journal believes Barack Obama’s 2012 re-election campaign deserves the mark frequently associated with sports’s most dubious record breakers:
According to a new Reader’s Digest poll conducted in cooperation with The Wagner Group, topping Americans’ list of individuals they “trust” the most is … actor Tom Hanks. The Oscar-winning star of such films as Larry Crowne (which nobody saw),
This morning’s key headlines from GenerationalDynamics.com: American bloggers confuse ‘Chechnya’ with ‘Czech Republic’ Krugman in 2002: The Fed should create a housing bubble Hepatitis C: The hidden epidemic for the Boomer generation American bloggers confuse ‘Chechnya’ with ‘Czech Republic’ In
New York Times columnist Paul Krugman has hitched his boat to the failing Titanic that is the state of California. Declaring the state in a state of “comeback,” Krugman wrote this week, “reports of the state’s demise proved premature. Unemployment
