Michael E. Fournier MBA

Archive for July, 2011|Monthly archive page

Financial Chaos Winners by Richard W. Rahn

In Richard Rahn on July 30, 2011 at 7:35 am

And a good point he makes, each side trying to figure out how each move will put them ahead in the polls, but who loses?


Missing Milton Friedman

In Milton Friedman on July 30, 2011 at 7:23 am

Isn’t it the truth, in a time when we could use his sage advice the most.

Good historical piece on the US debt crisis

In Politics and economics on July 30, 2011 at 7:11 am

From Canada no less, this is not the first time the US has defaulted on its debt.  A good discussion from a historical perspective.

What The Left Fails To Grasp Is That Gold Equals Jobs

In Robert Mundell on July 30, 2011 at 6:59 am

This blog post in the Intellectual Conservative deserves attention.  The article provides a great analysis of being on the gold standard and how this would help prosperity.  Why don’t libs get it?

Dodd-Frank anniversary highlights dangers of socializing risk

In Politics and economics on July 30, 2011 at 6:34 am

On the anniversary of the Dodd-Frank bill, we have to look back at what that mega-monstrosity accomplished beyond creating a whole new bureaucracy, if anything.  The answer is very little.  The bill was passed in response to a crisis in the markets, when the ones creating the bill were the ones responsible for the crisis, and they have not gone to jail, but they created this new burden on the American taxpayer.

Entrenched Libs

In Milton Friedman, Politics and economics on July 24, 2011 at 6:32 pm

I bring up this only because I am amazed at the extent to which liberals will go to defend economic policies that dont work and viciously attack things that do work.  In the Huffington Post, Mary Bottari writes ALEC Exposed: Milton Friedman’s Little Shop of Horrors, in which she savages Milton Friedman and ALEC.  If still alive, Friedman with his masterful wit would have taken her argument apart.  Desperately clinging to their failed policies and President, they are trying to take us all down with them.

In a related article in the American Thinker, James Lewis write the article Demonizing Milton Friedman, in which he discusses the Naomi Klein article and the left’s incessant denigration of the great man.

The Critical Flaw in Keynes’s System

In Von Mises on July 24, 2011 at 6:20 pm

In The Critical Flaw in Kenyes’s System, Robert P. Murphy discusses Kenyes masterpiece, The General Theory.  In which he believes that if the market tends towards full employment, the theory comes apart.  If Keynes theory only holds true at levels far below full employment, it would not apply to the American economy most of the time.

What is Supply Side Economics?

In SupplySide on July 24, 2011 at 1:46 pm

In an online magazine called CounterPunch, Paul Craig Roberts describes Supply Side Economics from a technical viewpoint.  Very good insight for those of us who are not casual observers.

Understanding Supply Side Economics

In SupplySide on July 24, 2011 at 1:40 pm

Good article by Henry Oliner in American Thinker, might deserve some debate (friendly), but not many do understand it.

Economic Change Needed

In Austrian Economics on July 24, 2011 at 8:18 am

I was astonished to find this piece on Austrian Economics in the Collegiate Times, of course it was written by a student, not a professor.

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