Rational Nation USA

by: Les Carpenter Rational Nation USA Liberty -v s- Tyranny In these Keynesian times, where spending and more spending seems to be the governments answer {and addiction} to everything, the following caught my attention. Yes it is a call for fiscal sanity and fidelity. And yes it is most assuredly a demand for accountability in government. It begs the question why are we as a nation still doing nothing to stop the hemorrhaging? ( Bankrupting America ) We all have heard the classic Washington scandal of a Congressman being unfaithful. The indiscretion usually causes a public outcry leading to a public apology and resignation. But what happens when a member of Congress is unfaithful to the economy? For decades Washington has spent far beyond its means. This overspending has saddled the country with a national debt of over $15 trillion – a point at which it is now hamstringing economic growth. And even now, as the economy begs for attention, lawmakers are unable to make things ri...

by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Given it is a holiday weekend, as well as a rather slow day with respect to any real noteworthy political items, I decided to visit the Ludwig Van Mises Institute . Looking for something of interest on economic theory and or policy I found this video on Keynesian predictions. The subject matter starts just past the five minute mark.

By: Les Carpenter III Rational Nation USA A great article today in The Washington Post by Richard W. Rahm  compares Reaganomics with Obamanomics. The article highlights the Obama administration's refusal to recognize its failures. At least as compared to their own economic forecasts. Obama and his supporters are in denial that his policies, and the huge expansion of governemnt well beyond that of GBW, has essentially failed to produce the results they hoped for. A quick read of the chart comparing Reagan's and Obama's results  following the bottoming out of the respective recessions clearly shows the positive results of the Reagan's economic policies as compared to the results of Obama's over the same post recession time period. Excerpts from the article: As almost everyone now knows, there are two competing theories about how to revive the American economy. One theory is to promote the supply-side of the economy by cutting tax rate...