The Brothers Austrian

RJ Tweeted this earlier today. The end of the video lists some little known politicians running campaigns with libertarian tint.

MisesBeliever Politics, Uncategorized RJ Harris, RJ Harris 2010

Jon Brodeux of Cafe Hayek has a nice critique to Amar Bhide’s, Let’s Break Up the Fed that appeared in the WSJ on July 29th. on Cafe Hayek.

Click here to read.

Cheers

MisesBeliever Uncategorized

Cheers Michael, that piece was phenomenal.

Bashing Goldman Sachs Is Simply a Game for Fools: Michael Lewis

Click here to read it.

MisesBeliever Uncategorized front running, Goldman Sach, Michael Lewis

MisesBeliever Uncategorized austrian school, Change, obama, Rand Paul, ron paul

Fellow ABCT (Austrian Business Cycle Theory) follower, is attempting to take on incumbant Chris Dodd (D) in Connecticut.

Brothers Austrian, will officially endorse him right now! As if that means anything, but hey what the heck. We need to get Ron Paul some help!

To show your support visit http://www.schiffforsenate.com/

I look forward to helping Schiff in his campaign anyway I can.

Cheers

MisesBeliever Uncategorized

Don Boudreaux of the Cafe Heyak blog sent the below letterto the Washingon Post:

Dear Editor:

Five-hundred and thirty-six officials – one at 1600 Pennsylvania Ave. and the others a few blocks down that boulevard of brazen busybodies – are frenetically trying to lord it over ever-more vast aspects of our lives.  Sen. Orrin Hatch wants Washington to correct what he divines to be imperfections in the method of choosing which teams compete in post-season college football games.  Pres. Obama wants to mute changes in oil prices.  And a majority of these savior-wannabes seek to remake health-care delivery, run automobile companies, protect us from financial risks, and, generally, to mandate, prohibit, and regulate us all into velvet-lined shackles.

I have a name for this repulsive social system: Capitolism.

Sincerely,
Donald J. Boudreaux

I think that Don eloquently points out the misgivings of capitolism, I wonder if they printed it?

MisesBeliever Uncategorized

For those that do not follow David Rosenberg of Glusken Sheff (formerly the chief economist of Merrill…I wonder if Merrill Lynch management/board ever read his “Morning Market Memo”?…I am going speculate the answer is no!) had an observation today that I want to share in regards to Canada’s tax the rich policy in the 1990′s:

House Democrats, led by Charlie Rangel, are setting a course to apply a 1% surtax on married couples making $350,000 or more; raising to 2% for those earning in excess of $500,000; and 3% for anybody with audacity to be pulling in more than a cool million (someone has t o pay for Obama’s $550 billion health plan.) We saw this ‘soak-the-rich’ strategy happen in Ontario in the early 1990′s and it let to (i) the brain drain (ii) capital flight; (iii) eroding productivity growth and lower standards of living and (iv) a currency depreciation.

But then again who carries about productivity? The scary part is that the soak the rich legislation will surely pass through the House in whatever form it comes. Politicians, they are Robin Hood’s of the USA, playing the ‘good guy’ in their own a fairy tale.

MisesBeliever Government Spending, Taxes, Uncategorized brain drain, David Rosenberg, obama, Rosenberg

From the grave. You cannot separate savings and investment. Investment is savings and savings is investment!

I caught this on the Big Picture Blog

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A great short article about where stand in historical terms in regards to personal savings rates.

MisesBeliever Uncategorized

Pimco’s Gross rightly points out the bond investors should diversify their out of the dollar denominated bonds. I certainly do not disagree to an extent. I see no reason why the standard retail investor should hold a 10% allocation in something like EMB, IGOV, or ISHG. However part me wants to say that I don’t trust the governments of other nations just as much as I don’t trust the U.S. government.  Controlling spending and subsequent deficits is not something any government has ever really been able to do. It’s really just a question of investing in the most productive nation.

Productivity, what a novel thought.

MisesBeliever Government Spending bill gross, bonds, dollar denominated