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Heh heh... you are joking, right? What a quaint idea ... right out of the 1770's. That's the problem with free market / Austrian economics, it is far too simplistic for a modern world. Maybe these ideas worked when farmers hauled turnips by the ox cart. Keynes wrote: "Our criticism of the...

Arnold's been great, my state -- California -- loves him. The Republican Party can learn a lot from him, and if they followed his lead on positions they would regain their popularity with the people. Arnold is one of the few Republicans that actually live in the present and the future, instead...

I understand what Ron Paul is trying to say. It's just that I believe he is wrong. Ron Paul is wrong. Supply-side economics is wrong. Austrian School is wrong. The best economic system is Keynesianism. The proof is right under our noses -- when the United States embraced Keynesian thought...

Ron Paul has a deep understanding of economics -- crackpot voodoo economics, that is. As each month goes by I'm appreciating Bernanke more and more. His style is subtle, unlike the bombastic Greenspan who used obscure vocabulary to blow smoke up our azzes. Bernanke is doing the right thing...

ShoeshineBoy wrote: "What I was saying is don't raise taxes on anyone ever again - the government has enough money. In fact, they've got about 10X what they need." I assume you're being humorous. Federal revenue this year is about $2.7 trillion but outlays are $2.9 trillion, leaving a...

You forgot one: 6 - Raise taxes Bush Sr. raised taxes to help pay for his war, Bill Clinton in 1993 added another tax increase... and the economy responded with an incredible run of prosperity and growth. That proves we can afford to raise the top rate back to 38% to balance the budget and...

The World Bank's GDP rankings are correct: it is a listing of each sovereign nation's GDP, not a listing of the GDPs of international trade associations. The EU exists to allow free movement of people, goods, and funds among member nations. NAFTA does the same thing between the U.S., Canada...

We here in California might be rolling over into a recession but we're still number 1. Even with a recession we still kick Texas' @zz. State GDP, 2006 Bureau of Econ Analysis 1 California 1,727,355 2 Texas 1,065,891 3 New York 1,021,944 4 Florida...

The U.S. produces more than any other nation on Earth. GDP, millions of $ 1 United States 13,201,819 2 Japan 4,340,133 3 Germany 2,906,681 4 China 2,668,071 5 United Kingdom 2,345,015 source: World Bank, 2006

You don't have to tell me, Alex. I'm a U.S. Democrat and it's sad to see how the Republicans have driven our nation into the ground. Bush is our Napoleon. The Iraq War is an extension of Bush's ego to please his father "to finish the job" and get Saddam. Or maybe Freud would say the war is...

Try this chart. http://stockcharts.com/h-sc/ui?s=XOM&p=D&yr=1&mn=0&dy=0&id=p12951973398 Exxon-Mobil and the price of oil are both up about 55% this year.

Done deal! With MSFT outlook bullish, higher oil carrying XOM upward and lower rates helping GE, these three megacaps will lift the Dow to new highs. 15K... time to load up on DDM.

You're right -- in the 1990's under Clinton, we had higher taxes (40% top rate), a budget surplus, strong dollar and high GDP growth. Today, with big tax cuts, we have a huge budget deficit, weak dollar and getting weaker, and weak GDP growth. In the 1960's the top tax rate was 70% and the...

Bill Clinton Nasdaq composite +309% Dow Jones +222% S&P500 +210% Gasoline $1.10 per gallon, oil $18/barrel Jobs +242,000 per month average for all 8 years in office What more can anyone ask for?

I agree on free speech, but I don't agree on economics :-) Economic history has shown, rather resoundingly in my view, that a mixed socialist-capitalist economy performs best. Prior to 1930, when the U.S. transitioned from free market to a mixed socialist-capitalist economy, depressions and...

Do you really think the safety and soundness of a bank is related to its size?

Wikipedia is showing the theoretical tax rates for corporations, but we know tax collections from corporations have been steeply declining. Robert Reich noted in 2004, "Over the past four decades, the share of federal revenues coming from corporations has dropped by two-thirds, from 21 percent...

I have never had much luck with chart patterns, but I still think charts are very good trading tools. I find that support and resistance lines are fairly high percentage bets for entry and exit points. Notice how well the former resistance line became a support line after the breakout in...

If gold acts well then sure I could see AUY challenging its old high of $15. That's about 27% profit from here. I think the chart looks a little awkward here, but I do like the three recent heavy bouts of selling. That could clear the decks for a leg up.