Paulitical Economy™
A snapshot of what’s going on in the world’s economy.
Paulitical Economy™
Post 320
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Paul Musson
- The producers of alcoholic beverages say that the health concerns related to alcohol consumption are exaggerated.
- I hope so.
- Shoppers continue to flock to Costco.
- And investors to its common stock.
- Target, not so much.
- Home furnishings sales are down over 8%.
- In Financial Ructions:
- We look at a speech that John F. Kennedy made to the Economic Club of New York in 1962.
- Income taxes were finally being cut.
- A look at how money is created in the US.
- And no, the government does not spend it into existence.
- If the US does not increase the debt ceiling it is not at risk of defaulting on its debt obligations.
- The only thing at risk is deficit spending.
- The great Thomas Sowell reminds us that it was FDR’s New Deals that extended the Great Depression.
- We look at a speech that John F. Kennedy made to the Economic Club of New York in 1962.
- Book Review
- I’m excited to start reviewing the first of two books on supply side economics.
- This one by Jude Wanniski called The Way the Economy Works: How Economies Fail – and Succeed.
- I review the Preface, but before getting into that we review the Bretton Woods system.
- This one by Jude Wanniski called The Way the Economy Works: How Economies Fail – and Succeed.
- I’m excited to start reviewing the first of two books on supply side economics.