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Bubbles (or economic cycles)
Sep 29 2014 - Ludwig von Mises Institute by Murray N. Rothbard
Included in The Theory of Money and Credit were at least the rudiments of another magnificent accomplishment of Ludwig von Mises: the long–sought explanation for that mysterious and troubling economic phenomenon — the business cycle. Ever since the development of industry and the advanced market economy in the late eighteenth century, observers had noted that the market economy is subject to a seemingly endless series of alternating booms and busts, expansions, sometimes escalating into runaway inflation or severe panics and depressions. Economists had attempted many explanations, but even the best of them suffered from one fundamental flaw: none of them attempted to integrate the explanation of the business cycle with the general analysis of the economic system, with the “micro” theory of prices and production. In fact, it was difficult to do so, because general economic analysis shows the market economy to be tending toward “equilibrium,” with full employment, minimal errors of forecasting, etc. Whence, then, the continuing series of booms or busts?
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News / Economics / International Economies
Japan
Sep 29 2014 - Ludwig von Mises Institute by Brendan Brown
The slide of the yen since late summer has brought it to a level some 40 percent lower against the euro and US dollar than just two years go. Yet still Japan’s Prime Minister Shinzo Abe and his central bank chief Haruhiko Kuroda warn that they have not won the battle against deflation. That caution is absurd — all the more so in view of the fact that there was no deflation in the first place.
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News / Economics / Government Economics / Budget and Deficits
State and local budget problems
Sep 29 2014 - City Journal by Aaron M. Renn
If the city can’t even make customers pay their bills, how can it move forward?

To understand why revitalizing Detroit will be difficult, consider the response to the Detroit Water and Sewerage Department’s (DWSD) recent plan to make overdue customers pay their bills. The DWSD serves more than 4 million customers across the Detroit region. The suburbs mostly buy water from the DWSD wholesale, so it’s mainly city residents and businesses who get billed directly, and over half of them—about 90,000 customers—haven’t paid up.

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News / Violence / Violence-Axis of Evil / Iran
Iran news
Sep 29 2014 - Front Page Magazine by Majid Rafizadeh
Although the Islamic State has gained the global spotlight in the media due to its brutality and barbarism, it is critical not to be distracted from the larger threat posed from the ruling Ayatollahs and politicians in the Islamic Republic of Iran. As former Secretary of State Henry Kissinger stated in an interview with NPR, Iran “is a bigger problem than ISIS.”
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News / Violence / Violence-Extremist Muslims
Our Own Hundred Years? War
Sep 29 2014 - Front Page Magazine by Daniel Greenfield
Stop me if you’ve heard this story before.
Sep 29 2014 - Front Page Magazine by Ali Sina
In his speech addressed to the UN general assembly, Barak Hussein Obama said, “ISIL is not Islamic. No religion condones killing innocents.” He also stated, “ISIS is hiding behind a false Islam.” We know about Mr. Obama’s admiration for Islam. The following are a few of his statements:
Sep 29 2014 - Times Union, Albany NY by Charles Krauthammer
Late, hesitant and reluctant as he is, President Obama has begun effecting a workable strategy against the Islamic State. True, he's been driven there by public opinion. Does anyone imagine that without the broadcast beheadings we'd be doing anything more than pinprick strikes within Iraq? If Obama can remain steady through future fluctuations in public opinion, his strategy might succeed.
Sep 29 2014 - Front Page Magazine by Robert Spencer
A convert to Islam who calls himself Jah’Keem Yisrael (formerly Alton Alexander Nolen) beheaded one of his coworkers and was shot while in the process of trying to behead another last Friday in Vaughan Foods, a food processing plant in Oklahoma. And now the predictable denial and obfuscation from the Obama Administration has begun.
Sep 29 2014 - American Spectator. by H. W. Crocker III
Blackjack Pershing would know what to do.
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News / Legal Issues
Justice Department
Sep 29 2014 - The Desert Sun by E.J. DIONNE JR.
When he announced his leave–taking last week, Attorney General Eric Holder spoke of Robert F. Kennedy as his inspiration for believing that the Justice Department “can and must always be a force for that which is right.”
Editor's Comments:
Holder is no Kennedy and I have a lot to dispute about Bobby. Holder is evil. "Holder leaves two big legacies in this area from which his successors must not turn away." Wrong. Voting rights under Holder have become a sham. Who can trust elections when he allow blacks to intimidate whites? When can we trust elections when we don't know who is going to vote or how often? bbm
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