Obama Blows up the Bridge

“Rather than building bridges, he’s poisoning wells,” said Rep. Paul Ryan, after listening to Barack Obama’s scathing attack on his deficit reduction plan as a shredding of America’s social contract with the elderly and poor. Ryan is right. Yet, with Obama’s partisan savagery, virtually calling the GOP plan immoral, we …

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The Weimar Solution

“The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes. Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation — a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment. Deflation is what …

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Obama’s Choice: FDR or Reagan

Barack Obama, it is said, will inherit the worst times since the Great Depression. Not to minimize the crisis we are in, but we need a little perspective here. The Great Depression began with the Great Crash of 1929. By 1931, unemployment had reached 16 percent. By 1933, 89 percent …

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