The Plain Simple Truth

The plain simple truth about Keynesian economics is that on the face it looks good, and so long as it is done correctly this is true. If anyone remembers the discussion about Reaganomics is that by deficit spending and being cautious about it, a nation holding itself to a strict budget could make Reaganomics work. . . . → Read More: Why Isn’t Keynesian Economics Working

The plain simple truth about the economic recovery is that it really has not happened yet. Timothy F. Geithner thinks businesses are being cautious. He believes that “The most likely thing is you see an economy that gradually strengthens over the next year or two”

Isn’t that what we we were told a year or two ago?

It . . . → Read More: Timothy F. Geithner on “The Recovery”

The plain simple truth is that Reaganomics did not work. The reason why is simply that a tax cut, even though it appears to stimulate the economy, does not directly equal the same as a direct tax. If you drop the rate from 25% to 20% then that means that money has to move at an increased . . . → Read More: The Problem with Reaganomics Explained

The plain simple truth is that it is okay to deficit spend in a recession. It is the same reason why I have a credit card and various other tools of debt to manage my own finances. It allows you to smooth out the situation while you await better times. In the first graph below we show an . . . → Read More: Deficit Spending in a Recession

The plain simple truth about the bank bailouts is except for the initial shock wave of foreclosures and economic downturn the bailouts more then likely were not needed. The reason for this is relatively simple. When an economy ( in a capitalist system ) is spending more then they make they are doing so on credit. It was this initial blast of people who . . . → Read More: Why Bank Bailouts Probably Were Not Needed

The plain simple truth about taxation is that in the end it is little more then organized theft. Pay or else! You can attempt to justify taxation in any number of ways. Most of which are simply justifications as to why it is okay to take money from some. The justification can range from national defense, . . . → Read More: The Problem with Taxes

The plain simple truth is that the media in general is very biased. Try looking at the articles out on the internet about Unemployment Benefit extensions. The first thing that just about every article starts out by saying is that the Republicans are holding a filibuster. They then point out he suffering of the unemployed. They . . . → Read More: Media Shows Bias Once Again On Unemployment Benefits

Obama, in a not surprising speech today, criticized the GOP for basically being jerks, being unwilling to continue handing money out to the conically unemployed. Well, surprise, surprise that this is the tone of voice that Obama has set. However this is in disregard to what Republicans are asking. They say, it is fine to do . . . → Read More: Obama Turns Blind Eye to Fiscal Responsability

The Governments spending explained and why it is imperative that people understand just how large Government has become. . . . → Read More: The Governments Budget Explained