Obamacare Spending Is Consuming the Economy

While GDP barely improved, Obamacare spending has exploded. As I mentioned recently, mainstream news outlets are admitting that the economy is grinding to a halt. A Washington Post article revealed that the economy only grew a fifth of a percentage point in the last quarter. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year. Read more […]

Chinese Mountain-leveling Cities Show the Communists are Super-Keynsians!

It is now a proverb that Keynes believed you could stimulate the economy by paying someone to dig a hole and paying someone else to fill it up again. That should sound strange to many people, though when they’ve heard Paul Krugman extol a fake alien invasion or a hurricane as keys to helping the economy, Keynes seems relatively restrained. Well, the Chinese ruling class has apparently replaced Karl Marx with John Maynard Keynes. The Chinese government is almost literally following the cliché Read more […]