Thomas Brewton

Superficiality: A necessary part of liberal-progressive-socialism

Superficiality is a necessary part of liberal-progressive-socialism. Without bothering to determine how deep the water or how many boulders lie just below its surface, liberal-progressives are ready to leap head first off the cliff into any pool that looks nice on the surface, from afar.

Inflation At The Gate, The Fed Talks About Deflation

While flooding the banking system with excessive amounts of fiat dollars, Fed Chairman Bernanke has talked endlessly about the need to avert deflation. Unspoken was the real reason: promoting inflation - robbing retirees and working people who are saving to support their retirements - in order to fund mounting federal debt.

More About Inflation

Inflation that affects the entire economy originates with government action. Price increases that arise from temporary imbalances between supply and demand in specific product markets are not examples of general inflation.

Don’t Blame Business For Our Inflation

Politicians will always falsely blame inflation on businessmen's "greed." But only government deficit spending using fiat money can create inflation.

Love Thy Neighbor

It doesn't mean wife-swapping, marital infidelity, or sexual promiscuity. In today's sermon at the Cohocton (NY) Assembly of God church, Pastor Dan Gardner's text was Roman 13:8-10:

Human Motivation

Can human behavior be programed by social engineers and economic planners?

Greed Before Prudence

Wisconsin syndicalists are prepared to destroy organized government, if necessary, to continue looting the public treasury. The spectacle of concerted strikes by teachers, other public employee unions, and by Democrat/Socialist Party legislators in Wisconsin is a throwback to the syndicalist origin of mass industrial unions in the United States. Such actions aim at forcing the state into financial ruin, if necessary, to keep and to increase the hugely disproportionate and unmerited flow of public funds channelled to public employees' unions.

Keynesian Philosophical Assumptions

Keynesian macroeconomics is, at heart, a rationalization for collectivized state planning . Its progenitor was the 18th century quest to discover social science laws of behavior paralleling Newton's mathematics and laws of motion that explained movements of the planets and of the earth around the sun. By the early 1800s French socialist intellectuals were confident that they had identified sociological laws that would enable them to create a secular paradise here on earth. A hundred years later, economist John Maynard Keynes propounded his ideas in the same tradition.

Stop Obsessing About Japan And Deflation

Fed chairman Ben Bernanke apparently is misled by fictionalized versions of two economic models: Franklin Roosevelt's New Deal Keynesianism and Japan's deflation and economic stagnation.

A Liberal-Progressive Abstraction: Caring For The Little Guy

Anthony Paletta's book review describes urban renewal's human costs.

The Deflation Bogeyman

Declining prices are not necessarily bad. The Fed plans to add massively to the supply of phony money by monetizing the Federal debt with QE2, its latest multi-trillion dollar intervention to manipulate the financial system and to control business production and employment decisions.

The Business Cycle: Krugman vs. Austrian Economic Theory

The Keynesian black-box doesn't work, because the reality of independent actions by millions of individuals is ignored in order to achieve a simplistic representation of the economy in computer models.

Academic Theorist In The White House

James T. Kloppenberg is Charles Warren Professor of American History at Harvard University. His featured article in the November-December 2010 edition of the Harvard alumni magazine explains why academics find President Obama so attractive.