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No Free Lunch for the ECB
American Magazine, by Desmond Lachman

Original Article

Posted By:EagleBlurst, 7/25/2014 9:45:48 AM

Milton Friedman was fond of saying of economic policy choices that there was no such thing as a free lunch, meaning that an economic policy option that appears to offer an attractive choice in the short run usually has negative longer-run consequences that outweigh any advantages. Friedman’s observation certainly applies to the unprecedented expansion in the Federal Reserve and the Bank of Japan’s balance sheets over the past few years. While those expansions might have provided much-needed short-term support to the U.S. and Japanese economies, they have done so at the cost of creating bubble-like conditions

      


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Most Recent Articles posted by "EagleBlurst"

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Most Active Articles (last 48 hours)




Most Recent Articles posted by "EagleBlurst"



No Free Lunch for the ECB
American Magazine, by Desmond Lachman    Original Article
Posted By: EagleBlurst- 7/25/2014 9:45:48 AM     Post Reply
Milton Friedman was fond of saying of economic policy choices that there was no such thing as a free lunch, meaning that an economic policy option that appears to offer an attractive choice in the short run usually has negative longer-run consequences that outweigh any advantages. Friedman’s observation certainly applies to the unprecedented expansion in the Federal Reserve and the Bank of Japan’s balance sheets over the past few years. While those expansions might have provided much-needed short-term support to the U.S. and Japanese economies, they have done so at the cost of creating bubble-like conditions

   

 

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How Risky Is It to Be Uninsured?
American Magazine, by Christopher J. Conover    Original Article
Posted By: EagleBlurst- 7/23/2014 9:54:52 AM     Post Reply
In a recent survey, 48 percent of uninsured respondents did not plan on looking for information on the health insurance exchanges set up under the Affordable Care Act, or had not heard about them. Are uninsured people ignorant? Or might the poll reflect a well-reasoned choice? What are the actual risks associated with being uninsured? Lack of coverage may increase the odds of early death and slightly reduce everyday health status. Yet, at most, one year of being uninsured yields a loss of life expectancy of 16 healthy days of life (roughly equivalent to experiencing the foot problems

Melodrama at the Met
American Magazine, by Rebecca Burgess    Original Article
Posted By: EagleBlurst- 7/21/2014 9:40:59 AM     Post Reply
With emotions reaching Wagnerian proportions, the storied Metropolitan Opera has arrived at the penultimate act of its latest melodramatic production: contract negotiations with the 16 unions currently holding sway over the 2,000-plus employees who bring each opera to life. The current labor contract expires on July 31, but as early as this past February, American Guild of Musical Artists Executive Director Alan Gordon was advising members to prepare for a lockout and a cancelled, or partially cancelled, 2014-2015 season. The leitmotif running through the labor discussions has been the possible death of the 130-year-old Metropolitan Opera.

Uber Upstarts: Technological
Progress and Its Discontents
American Magazine, by Michael M. Rosen    Original Article
Posted By: EagleBlurst- 7/18/2014 10:37:16 AM     Post Reply
“You working the whole day?” I asked my UberX driver en route to San Francisco International Airport, trying to make small talk. “Well, I’m driving for a few hours,” he responded, “but then I’m meeting my direct reports to polish off some time-sensitive projects.” In my experience riding in the cars-for-hire of transportation network companies (TNCs) like Uber, Lyft, and Sidecar, my driver’s moonlighting — in this case, daylighting — has been typical. My drivers over the past six months have included men and women pursuing their own careers as consultants, software engineers, students, and used-car salesmen, yet

The Most Important of
Unimportant Things
American Magazine, by Joseph Epstein    Original Article
Posted By: EagleBlurst- 7/16/2014 9:39:40 AM     Post Reply
“Sports,” said Larry King, in a formulation I much like, “is the most important of unimportant things.” During the last few weeks, however, one’s confidence about the essential unimportance of sports has been cast into the shadows of doubt. Sports have been turning up on the front pages of newspapers, usually above the fold, often being among the leading items on national television newscasts. Circuses before bread has been the order of the day. America’s participation in the World Cup soccer championship garnered a vast amount of press and popular interest. Had the U.S. soccer team gone

Fixing the Child Care Penalty
American Magazine, by Alan D. Viard    Original Article
Posted By: EagleBlurst- 7/14/2014 9:44:38 AM     Post Reply
Earlier this week, five senators, Jeanne Shaheen (D-NH), Patty Murray (D-WA), Barbara Boxer (D-CA), Kirsten Gillibrand (D-NY), and Barbara Mikulski (D-MD), introduced S. 2565, the Helping Working Families Afford Child Care Act. The bill would take a big step towards neutral tax treatment of working single parents and two-earner couples by expanding the child care credit. Under basic tax policy principles, workers should be allowed to deduct the expenses of earning the income on which they are taxed. Child care meets the economic definition of a work-related expense — parents are less likely to work when child care becomes

   

 

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2014 Midterms: Another
Six-Year Senate Sweep?
American Magazine, by Michael Barone    Original Article
Posted By: EagleBlurst- 7/11/2014 12:17:08 PM     Post Reply
The conventional political wisdom is that presidents tend to suffer serious losses in Senate elections in their sixth year in office. Presidential coattails swept in a certain number of senators of their own party in their first election, and when those senators come up for reelection six years later — in a time when typically dissatisfaction with the president has grown — some of them are swept out of office. This theory gets superficial confirmation when you look at Senate elections in presidents’ sixth year in office. George W. Bush’s party lost its majority in the Senate in his sixth

Capitalizing on the Capitalist Peace
American Magazine, by Alan W. Dowd    Original Article
Posted By: EagleBlurst- 7/9/2014 10:34:59 AM     Post Reply
If Americans have learned anything from their well-intentioned, costly efforts in the unforgiving lands of Iraq and Afghanistan, it’s that democratic elections do not ensure freedom. Nor do democratic elections necessarily promote stability, as the post-Arab Spring chaos reminds us. But a new Fraser Institute study helps quantify how building up free-market institutions and promoting economic freedom can strengthen societies by increasing social trust and reducing the risk of war. Starting from the premise that “adequate finance is a key ingredient for organizing violence against a state,” Indra de Soysa and Krishna Chaitanya Vadlamannati

Piketty´s Political Hunch
American Magazine, by George L. Priest    Original Article
Posted By: EagleBlurst- 7/7/2014 10:38:35 AM     Post Reply
Thomas Piketty’s Capitalism in the Twenty-First Century has reached the New York Times’ bestseller list for the past 10 weeks — it was first in nonfiction shortly ago and near the top for the last few weeks. For an academic book consisting mostly of statistics, this is remarkable, though, having read it, I think it is likely to chiefly end up sitting on many bookshelves perhaps briefly browsed but largely unread. Its market popularity undoubtedly derives from Piketty’s denunciation of what he claims to be the growing inequality in Western nations, especially in the United States. Piketty is an

How the South Came to
Rise Again: The Civil
Rights Act of 1964
American Magazine, by John Steele Gordon    Original Article
Posted By: EagleBlurst- 7/2/2014 11:06:04 AM     Post Reply
There’s an old saying in the South that “the South shall rise again.” And on July 2, 1964, 50 years ago, it began to do so. It has not stopped since. That day, President Lyndon Johnson signed into law the Civil Rights Act of 1964. It was sweeping, to put it mildly. It outlawed discrimination on the basis of race, color, sex, religion, or national origin. It forbade the unequal application of voter registration requirements, such as literacy tests, and it banned racial segregation in schools, workplaces, and places of public accommodation, such as hotels, theaters, and restaurants.



Most Active Articles (last 48 hours)



Shock Report-- Rick Perry: Illegals
Behind 3,000 Homicides & 8,000
Sexual Assaults in TX Since ’08

52 replie(s)
Gateway Pundit, by Jim Hoft    Original Article
Posted By: StormCnter- 7/24/2014 5:23:38 AM     Post Reply
Texas Governor Rick Perry went on Hannity tonight to discuss the illegal immigrant crisis at the US southern border. Perry shared these shocking numbers on the current crisis. “Sean, there have been over the course of the last five years, since the fall of ’08, over 203,000 individuals who have come into Texas illegally who have been booked into our county jails. Those individuals have accounted for over 3,000 homicides and over 8,000 sexual assaults. We can’t afford to wait for Washington to secure this border. We’ve had enough.”

   

 

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Obama says public not
familiar enough with issues

49 replie(s)
Washington Times, by Ben Wolfgang    Original Article
Posted By: Scottyboy- 7/23/2014 10:59:23 PM     Post Reply
President Obama told Democratic donors Wednesday night that most Americans don’t have time to think about the details of the Benghazi terrorist attack or the problems with Obamacare. Speaking at a fundraiser at the Los Angeles home of “Grey’s Anatomy” and “Scandal” creator Shonda Rhimes, the president took his usual shots at the Republican Party, suggesting its members are focused on the wrong issues and frequently “obfuscate and they bamboozle and sometimes don’t say what’s true.” And because people are not familiar with the intricacies of many public-policy issues, Republicans can get away with such obfuscation, he said. “The Republican

My son has been suspended
five times. He’s 3.

49 replie(s)
Washington Post, by Tunette Powell    Original Article
Posted By: JoniTx- 7/24/2014 3:49:52 PM     Post Reply
I received a call from my sons’ school in March telling me that my oldest needed to be picked up early. He had been given a one-day suspension because he had thrown a chair. He did not hit anyone, but he could have, the school officials told me. JJ was 4 at the time. I agreed his behavior was inappropriate, but I was shocked that it resulted in a suspension. For weeks, it seemed as if JJ was on the chopping block. He was suspended two more times, once for throwing another chair and then for spitting on a student

‘We’re coming for you, Barack Obama’:
Top U.S. official discloses threat from ISIL

47 replie(s)
Washington Times, by Douglas Ernst    Original Article
Posted By: LittleHoodedMonk- 7/24/2014 12:11:56 AM     Post Reply
High-ranking U.S. officials said Wednesday that not only are Sunni radicals with the Islamic State of Iraq and the Levant “worse than al Qaeda,” but that the group has a message for the president: “We’re coming for you, Barack Obama.” Brett McGurk, the deputy assistant secretary of state, told lawmakers at a House Foreign Affairs Committee hearing that ISIL may have “changed its name,” but that it’s still al Qaeda. (Snip) Elissa Slotkin, the acting principal deputy undersecretary of Defense for policy, added that ISIL also has its eye on the president, threatening “We’re coming for you, Barack Obama,” The Hill reported.

Trey Gowdy Eviscerates IRS Commissioner
40 replie(s)
Breitbart TV, by Staff    Original Article
Posted By: mitzi- 7/23/2014 4:32:42 PM     Post Reply
Wednesday at a House Oversight and Government Reform subcommittee hearing on the Internal Revenue Service´s (IRS) Rep. Trey Gowdy (R-SC) would not let IRS Commissioner John Koskinen off the hook over his failure to bring acceptable answers to Congress about the supposed loss of former IRS official Lois Lerner’s emails. The South Carolina Republican warned the IRS commissioners, "Words have consequences," as he hammered Koskinen for trying to claim he did not pursue what happened to the emails because he did not want to interfere with the Inspector General investigation saying "people site ongoing IG investigations

Hillary Clinton Blames Bill’s
Mom for His Sex Addiction

33 replie(s)
Boston Globe, by Lara Salahi    Original Article
Posted By: MissMolly- 7/24/2014 2:19:51 PM     Post Reply
A year after news of the Monica Lewinsky scandal broke, former First Lady Hillary Clinton allegedly told a Pulitzer-prize winning journalist that it was former President Bill Clinton’s abusive mother that caused his unfaithfulness and sex addiction, a new book claims. That journalist was Lucinda Franks and while her latest book, “Timeless: Love, Morgenthau, and Me,” doesn’t have much to do about the Clintons, the part that does offers never before reported information from a 1999 interview with the former First Lady. The New York Daily News obtained parts of the book a month before its scheduled August 2014 release.

   

 

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The vacant presidency
27 replie(s)
Washington Post, by Charles Krauthammer    Original Article
Posted By: Dreadnought- 7/24/2014 10:37:38 PM     Post Reply
The president’s demeanor is worrying a lot of people. From the immigration crisis on the Mexican border to the Islamic State rising in Mesopotamia, Barack Obama seems totally detached from the world’s convulsions. When he does interrupt his endless rounds of golf, fundraising and photo ops, it’s for some affectless, mechanical, almost forced public statement. Regarding Ukraine, his detachment — the rote, impassive voice — borders on dissociation. His U.N. ambassador, Samantha Power, delivers an impassioned denunciation of Russia. Obama cautions that we not “get out ahead of the facts,” as if the facts of this case — Vladimir Putin’s

Paul Ryan, 2016?
26 replie(s)
Hot Air, by Noah Rothman    Original Article
Posted By: StormCnter- 7/23/2014 1:12:58 PM     Post Reply
Rep. Paul Ryan (R-WI), the Republican Party’s bookish former vice presidential nominee, is starting to look like a candidate for the presidency in 2016. In August, Ryan will publish a book with a distinctly campaign-themed title, The Way Forward. On Tuesday, the Federal Election Commission approved of a nationwide book tour sponsored by Ryan’s publisher and the Political Action Committee the Wisconsin congressman founded, Prosperity Action PAC. “The book will address “the state of the conservative movement in America today, discuss how it contrasts with liberal progressivism, and explain what must be done to save what Representative Ryan refers to as the

Loon population rebounding in Vermont
26 replie(s)
Associated Press, by Staff    Original Article
Posted By: NorthernDog- 7/23/2014 6:13:21 PM     Post Reply
Colchester – Experts estimate there are nearly 300 adult loons living on Vermont´s lakes and ponds, up from just a couple dozen 30 years ago. On Saturday, more than 200 volunteers spread out across Vermont for the annual loon survey. The results of the survey are trickling in, but Eric Hanson of the Vermont Center for Ecostudies and the coordinator of the Vermont Loon Conservation Project, said there are many more birds now than just a few years ago. He said 15 years ago there were around 100 loons. In 1983, biologists counted only 29. "It is a decent, stable population. I'm hoping that actually things do start to level out.

FEC chair warns of chilling regulations,
book ban on conservative publishers

26 replie(s)
Washington Examiner, by Paul Bedard    Original Article
Posted By: Flyball dogs- 7/24/2014 1:04:46 AM     Post Reply
The chairman of the Federal Election Commission today blasted Democratic colleagues opposed to his effort to protect conservative media after they imposed rules on the publisher of Rep. Paul Ryan´s new book, opening the door to future book regulations -- or even a ban. "By failing to affirm this publisher’s constitutional right, statutory right, to disseminate a political book free from FEC conditions and regulations, we have effectively asserted regulatory jurisdiction over a book publisher,” warned Chairman Lee E. Goodman, one of three Republicans on the six-person FEC.

Robert F. Kennedy Jr.’s
Twisted Anti-Vaxx History

26 replie(s)
Daily Beast, by Russell Saunders    Original Article
Posted By: StormCnter- 7/24/2014 5:13:54 AM     Post Reply
Despite multiple studies showing no link between vaccines and autism, RFK Jr. continues to use his position to spread that lie. What will it take to make him stop? If you’re headed to Capitol Hill with a cause, it helps to be a Kennedy. For Robert Kennedy Jr., scion of America’s most storied political family, all it takes is his name to arrange face-to-face meetings with two powerful Senators. As a physician who has traveled to Washington, D.C., with health-care advocacy groups on a number of occasions, I envy the access he displays in a recent profile in The Washington

   

 



 
Opponents say prolonged
execution offers more evidence for
challenge to lethal injection

26 replie(s)
Associated Press, by Staff    Original Article
Posted By: earlybird- 7/24/2014 6:15:03 PM     Post Reply
ST. LOUIS – The nation´s third botched execution in six months offers more evidence for the courts that lethal injection carries too many risks and amounts to cruel and unusual punishment, death-row lawyers and other opponents said Thursday. Death-penalty opponents say the execution of an Arizona inmate who took two hours to die shows that state experiments with different drugs and dosages are a callous trial-and-error process. The result: Every few months, an inmate gasps, chokes and takes an unusually long time to die. "These executions are experiments on human subjects," said Cheryl Pilate, an attorney for several Missouri death-row

   

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