Kel Kelly @ August 12, 2009 # No Comment Yet
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The AMA Monopoly
While most people believe that our healthcare industry is one comprised of free markets, it is anything but. It is completely distorted by government manipulation.
To start with, the American Medical Association (AMA) has had a government-granted monopoly on the healthcare system for over 100 years. It has intentionally restricted the number of doctors […]
Kel Kelly @ May 31, 2009 # No Comment Yet
One of the tools Keynesians (left-wing, pro-government economists) are most proud of is their so-called “multiplier,” which they seem to think is equivalent to magic. The idea is that new additional spending of money creates new incomes. Keynesians believe that the formation of any additional spending in the economy, that is in turn spent by […]
Kel Kelly @ May 31, 2009 # No Comment Yet
South Korea’s economic bust has paralleled the bust of every other developed world economy, since all developed economies are intimately connected via the various world central banks’s coordinated monetary policies, and since their bubbles largely stem from our trade deficit. Yet South Korean officials have blamed and arrested an unemployed blogger for causing the decline […]
Kel Kelly @ May 31, 2009 # No Comment Yet
This article reveals how the French government is attempting to make Amazon.com’s free shipping illegal. Why would a government intervene in the voluntary trade between two private parties and prevent its citizens from receiving free services from a book seller that they obviously value? To protect local, independently-owned French book sellers, of course. Had French […]
Kel Kelly @ January 20, 2009 # No Comment Yet
How’s The Economy Doing? Don’t look to GDP for the answer. While Gross Domestic Product is universally regarded as the prime measurement of economic growth and standards of living, in reality, this mathematical calculation called GDP is, first, mostly a measure of inflation and, second, a measure of spending on consumption of goods as opposed […]
Kel Kelly @ January 14, 2009 # No Comment Yet
In this column, quasi-economist Paul Krugman advocates one form of government manipulation (government spending) over another (printing money). However, our current problem is the result of decades of pursuing precisely these strategies on a daily basis. Contrary to popular opinion, both printing money and government spending were carried out on a massive scale during the […]
Kel Kelly @ November 8, 2008 # No Comment Yet
The New York Times stated today that “75 Years Later, A Nation Hopes for Another F.D.R.” The New York Times apparently believes that it is speaking for each of us. Indeed, most people’s impression of what happened during the great depression goes something like this: because of greedy businessmen and investors, and because of […]
Kel Kelly @ September 24, 2008 # No Comment Yet
It means economic decline, wasted wealth, fewer jobs, lower salaries, and a reduced standard of living.
Imagine that I start a business, and it fails. I lose $50,000 that I risked in the venture. But then imagine that I don’t have to worry, because you and each of our other three million citizens will be […]
Kel Kelly @ September 24, 2008 # No Comment Yet
We all marveled at the glamour and prestige of the Chinese Olympics. It was the most impressive, grandiose Olympics yet. That’s exactly the impression the Chinese government wanted us to have. The Chinese people themselves were proud to show the world what their nation could fund, assemble, and display.
But besides national pride, what […]
Kel Kelly @ September 19, 2008 # No Comment Yet
The “patriotism card” is pulled more and more these days. It’s used as a tool to make people feel guilty for doing the right thing. A child might say to her mother: “If you don’t buy me this toy, it means you don’t love me!” Most mothers will not fall for that. […]