“IT’S LOUSY ECONOMICS”

Russ Roberts on the Keynesian economics of Christina Romer and President Obama.  Remarkably, Professor Romer lacked the intellectual integrity to defend her policies before the American people.

Roberts goes on to charge the Congressional Budget Office with scientific malpractice:

The truth is that our knowledge of the complex system called the economy is woefully inadequate . . . → Read More: “IT’S LOUSY ECONOMICS”

BARACK OBAMA — THE MARXIST-LENINIST YEARS

Hayek’s great mistaken prognostication has nothing to do with the welfare state — Hayek’s great error in the science of divining historical inevitability was his false prognosis of the death of “hot socialism”.  Indeed, the reports of the death of “hot socialism” have been greatly exaggerated.  Even Hayek began to realize this in the last . . . → Read More: BARACK OBAMA — THE MARXIST-LENINIST YEARS

Drops today — Radical-in-Chief: Barack Obama and the Untold Story of American Socialism

UPDATE: Stanley Kurtz interviewed by Sean Hannity — read or watch.  And here’s Kurtz’s quick summary of his book.

It promises to be the bombshell book of the Obama era — Stanley Kurtz’s Radical-in-Chief: Barack Obama and the Untold Story of American Socialism.

Exploiting two years of research, Kurtz pulls back the onion layers on . . . → Read More: Drops today — Radical-in-Chief: Barack Obama and the Untold Story of American Socialism

Is Obama a socialist?

I take up the question here.

Barack Obama — the alien in the White House

“A great part of America now understands that this president’s sense of identification lies elsewhere, and is in profound ways unlike theirs. He is hard put to sound convincingly like the leader of the nation, because he is, at heart and by instinct, the voice mainly of his ideological class.” — Dorothy Rabinowitz

HT Instapundit

. . . → Read More: Barack Obama — the alien in the White House

Books — Counter Punch Against the Obama Revolution (Bumped)

Socialism hot and cold is alive and well in America and continues its long march through America’s institutions.  The latest conquest is the America Presidency — Barack Obama has spent his whole life soaking in the religion and ideals of socialists both hot and cold, as he reveals to us in his memoir and as . . . → Read More: Books — Counter Punch Against the Obama Revolution (Bumped)

Obama’s Fatal Conceit

Steven Horwitz:

The headlines blare that President Obama will “restructure the financial services industry” and “fix the health care crisis.” A 31-yearold with no experience in the business world, but a lot of experience in politics, has been put in charge of dismantling General Motors.

Members of Congress lecture car manufacturers and mortgage lenders on . . . → Read More: Obama’s Fatal Conceit

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Random Quote

When [Keynes'] Treatise came out, I was a little annoyed that [just after the publication of my essay "The Paradox of Saving"] , when I hoped I’d finally demolished the relation between aggregate demand and employment, it was taken up again [by Keynes]. — F. A. Hayek

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