USA loses it AAA

So Standard & Poor's has downgraded the United States' credit risk to AA+.We all new this was coming.This is how the market works. Even nation-states cannot remake the rules. If they cannot service their debt, they will be saddled with higher interest...

Reflection on Janice Hahn's Debt Ceiling Vote

I applaud Congresswoman Hahn's rejection of the recently-passed Debt Ceiling Compromise. I despise her reasons for doing so.She claimed to have heeded the will of her constituents, who "overwhelmingly asked me to oppose this deal.” Her culling a 55% majority...

Friedman on Inefficient Government and Response

Though the ineptitude of the Federal Government may infuriate us, at least the Leviathan's dysfunction and inefficiency will prevent it from wreaking worse havoc on the people of the United States. So argued Milton Friedman over thirty years ago.Indeed there is...

Tea Party: Stay Fresh, Keep out the Bigwigs

I love Jimmy Kimmel's latest riff:"It's interesting to see the Tea Party go from a small group of people that everyone thinks is crazy to a large group of people that everyone thinks is crazy."Stay Crazy, Tea Party! You are no longer the fringe. You...

Libyan Rebels: Support or Leave?

Libya is still being torn apart by civil war and protest, but now more slowly than ever. Who is tearing this limited nation in two, that is a matter of growing consideration.When will the nations of the world accept that this back-water battle has to be settled by the...