Category Archives: News/ Lessons

Re: Will a new bomber bring boom times? on Page A8 of Sunday February 15, 2015 issue of Philadelphia Inquirer – Philly Edition Dear Sirs: Ignore for the moment whether or not the US actually needs a new stealth bomber, which is … Continue reading →

Would we have political liberty we must first have economic freedom, for the form of government is determined by the form of economic organization. At first blush the opposite would seem to be self-evident; i.e., that our form of government … Continue reading →

Re: Consumer Protection Agency Seeks Limit on Payday Lenders Dear Sirs: Although one loses count very quickly, government’s attacks upon the poor seem to come in three’s. First government fights the dreaded specter of deflation, meaning lower prices, by its … Continue reading →

From today’s Open Europe news summary: Greek PM refuses to change course ahead of crucial week of meetings with Eurozone partners “…Greek Prime Minister Alexis Tsipras…reiterated his plan to increase the minimum wage, halt privatisations, reopen closed public broadcaster ERT … Continue reading →

From today’s Open Europe news summary: German exports hit record high in 2014 German exports hit a record-high of €1.13 trillion in 2014, a 3.7% increase from 2013, the Federal Statistics Office announced on Monday. German imports increased by 2% … Continue reading →

Re: CAT CEO says strong dollar bad for US economy Here come US exporters, right on schedule, complaining that a strong national currency is bad for them and for the US economy. Not so. When a nation debases its currency … Continue reading →

Re: George Will on the mushrooming welfare state Columnist George Will puts recent research into the adverse consequences of the welfare state into words that we all can understand. However, I do not think that he gets to the heart … Continue reading →

Re: Stimulus for Eurozone, but it may be too little or too late Dear Sirs: Your analysis of the likely effect of the European Central Bank’s proposed massive quantitative easing program is full of economic fallacies that, unfortunately, masquerade as … Continue reading →

Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make … Continue reading →

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political … Continue reading →