Obama’s New Stimulus Target: Infrastructure
If it is true, as Albert Einstein is alleged to have said, that insanity consists of doing the same thing over and over again and expecting different results, then President Obama...
About: Charles Scaliger
Posts by Charles Scaliger
Bernanke: More Fed Stimuli if Economy Slumps
After more than two years of intervention in the economy by the Federal Reserve, the economy is showing signs of sliding back into recession. This, of course, is precisely what sober...
Does Language Shape Our Thoughts?
The linguistic relativity principle is back in vogue, according to linguist Guy Deutscher of the University of Manchester, writing for the New York Times. This principle, often known informally as the...
True Federal Debt $202 Trillion, Kotlikoff Says
Think you’re scared enough about the economy, the ballooning deficit, and the prospect of ruinous tax rates and runaway inflation to pay for astronomical government debts? If you haven’t read Boston...
Cutting Taxes Is Again in Vogue
Cutting taxes is again in vogue in a Washington, D.C., increasingly dismayed by the utter inability of the massive Obama stimulus package to jolt the economy back to life....
Is Our National Debt Nothing to Worry About?
A national debt is nothing to worry about, because “we owe it to ourselves” —so runs one of the more popular sophisms of Keynesian economics. ...
Financial Overhaul Law Boon to Financial Overlords
A triumphant and triumphalist President Obama signed the financial overhaul bill into law July 21, promising as he did that “the American people will never be asked again to foot the...
Financial Reform Bill: Bureaucratic Absolutism
Czarist Russia is looking better and better. Once a byword for bureaucratic absolutism, the apparatchiks of pre-revolutionary St. Petersburg and their endless rule-making seem positively enlightened beside some of the pieces...
Small Banks Struggle Despite Bailout Funds
The Treasury Department’s Troubled Asset Relief Program (TARP) is wreaking havoc on hundreds of small banks that took bailout money, according to a new report issued by the Congressional Oversight Panel....
Financial Reform Bill on Brink of Passage
The final version of the financial reform bill that has become a central component of President Obama’s New Deal-esque program to enormously enlarge the powers of the federal government is on...
Bilderberg Group Met and Discussed — What?
In hindsight, the Steering Committee in charge of the annual gathering of elites known informally as the Bilderberg group could have chosen a better — or at least a safer —...
Secretive Bilderberg Group Meets in Spain
It happens every year in June, somewhere on the face of the Earth where there’s enough security and affluence to accommodate a gathering of the world’s most exclusive club. This weekend...
Financial Reform Bill in a Nutshell
The Senate Thursday night passed its long-awaited financial reform bill, another critical plank in President Obama’s New Deal-esque agenda to bring the private sector under more comprehensive and stifling control by...
Finance Reform Bill Would Undermine Effort to Audit the Fed
One aspect of the behemoth finance reform bill now being debated in the Senate that has not attracted any mainstream media attention is its limitations on congressional power over the Federal...
Govt Turns on Goldman Sachs, One of Its Kept Financials
The Securities and Exchange Commission filed a lawsuit April 16 against New York-based investment bank Goldman Sachs. The SEC alleges that Goldman committed systematic fraud in marketing a package to investors...