Projected Growth Of Gov’t Net Outlays, Out To 2016
Estimated gov’t net outlays, out to 2016. Via Google’s public data explorer.
Krugman’s Space-Alien War Stimulus Fallacy
Paul Krugman believes war is good for economies. This is Bastiat’s broken window fallacy in action. A rather dangerous example of it, some would say.
This is near as bad as his post-9/11 economic “analysis”.
These aftershocks need not be major. Ghastly as it may seem to say this, the terror attack — like the original day of infamy, which brought an end to the Great Depression — could even do some economic good. But there are already ominous indications that some will see this tragedy not as an occasion for true national unity, but as an opportunity for political profiteering.
… First, the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I’ve already indicated, the destruction isn’t big compared with the economy, but rebuilding will generate at least some increase in business spending.
New Ron Paul Trailer: Wow
May be a bit much, high production value though.
Jim Rogers Supports Ron Paul
Jim Rogers, Treasury Secretary? Wouldn’t that be a beautiful thing?
Ron Paul is the “only one I’ve seen in American politics that seems to have a clue”, Mr. Rogers said. “A pox on both their houses, the Democrats and Republicans … However, in this election if Ron Paul gets anywhere close to a nomination, I will certainly support him.”
More:
Also, this: Ron Paul advanced in a recent CNN GOP primary poll from 8% to 12%. He was tied at #2, in this poll from a few days ago (before his impressive #2 showing at the Ames Straw Poll).
