November 16, 2009

Devaluing the Dollar by Trashing Private Health Care

The main driver of the collapse of the dollar is the liquidity provided by the Fed at nominal interest rates, which invites a worldwide army of investors to short the dollar and buy foreign stocks and bonds. If the dollar continues to fall in value, ...

September 26, 2009

The Public Option Roach Motel

The Healthcare Reform Bill proposed by Senator Baucus is an incomparably cynical piece of legislation creating a time bomb that will eventually destroy all private health insurance.  Some of the inner workings the proposed legislation uses to se...

August 4, 2009

Pimp My Ride

A few weeks ago, I reviewed the recent "Cash for Clunkers" law passed by Congress. I made the seemingly ridiculous assertion that over the life of the program Congress might bring 15,000,000 cars into the program as we all got hooked on Con...

July 20, 2009

The Champion's Tax

Let me tell you how it will beThere's one for you, nineteen for meCause I'm the TaxmanYeah I‘m the Taxman    -The BeatlesThe New York Post ran a sensationalized headline Wednesday morning, the first in many years, implying that r...

June 21, 2009

Pimp My Ride DC Style

In a Freudian slip, "Cash for Clunkers" is the latest Washington brainstorm to goose car sales while striking a fashion pose of being green. "Pimp my ride" would be more accurate.  The legislation, which is passed and awaitin...

March 25, 2009

Time to Undo the Rescue?

President Obama recently delivered a speech where he identified the housing problem as one of foreclosures, citing a study that foreclosure signs depress prices by 9%. This is a lot like saying thermometers cause fevers. To deal with this symptom, Co...