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Anthony Gregory has a piece that was posted in June of 2011 that is making the rounds again. The title is “Why the Left Fears Libertarianism.….Continue
Mandeville, LA – Exclusive Transcript – "If we’re looking for any kind of a silver lining from the ObamaCare implementation, and I’m not promoting this as a silver lining, and no, I’m not happy about it. What I said was, in the first hour, that the implementation of the Affordable Care Act has lifted the shroud on what this stuff actually costs. People are shocked. They are shocked at what it actually costs, shocked to the point of they’re ready to revolt." ….Continue
Mandeville, LA – Exclusive Transcript – Folks, if you’re wondering what he’s talking about, here’s what happens. The borrowing authority is granted by lifting the so-called debt ceiling. Where does the money come from? Do you just print it off? That’s one way that you could do it. What generally happens is the Treasury Department tells all their buddies on Wall Street: We’re going to issue $110 billion in Treasury notes. Check out today’s transcript for t….Continue
Mandeville, LA – Exclusive Transcript – Anthony Sanders, our friend the economist at George Mason’s Mercatus Center has been blogging about this. I asked him for some charts yesterday and he put charts together. You can find them in today’s Pile of Prep under the headline “Confounded Interest,” what Sanders says about the shutdown. Check out today’s transcript for the rest…….Continue
Mandeville, LA – Exclusive Transcript – We’re going to step into the King Dude’s wayback machine and go back two days ago to the Gallup organization’s website. If you were perusing that particular poll on who it is that is to blame for the temporary interruption in non-essential wealth transfer payments, you may have stumbled upon this oxymoron: “Dysfunctional Government Surpasses Economy as Top U.S. Problem.” I couldn’t stop laughing just at the headline. C….Continue
Mandeville, LA - Exclusive Video and Audio - There's a headline at cbsnews.com that says that "Can US Consumers Save The Economy?". But isn't consumerism what's wrong with America? Isn't there another school of thought, from Wilhelm Röpke and others, that says that consuming will not get us out of debt? So this article is nothing more than an attempt at trying to get Americans to try and get their butts off the wealth of cash they are hording an….Continue
Mandeville, LA – Exclusive Transcript – To say financial ruin and financial decline is in our future if we don’t borrow more money is to equate our financial enterprises with debt and with government servitude. God calls us to Give The Shirts Off Our Backs to the poor. Is that worthy of a manly sentiment from free people or is that a bunch of people who probably lost their way and have lost most connection that they may have had to how life actually is supposed to work….Continue
Mandeville, LA – Exclusive Transcript – The economic pain that is being felt is not actual economic pain. This is what drives me nuts about this. It is the actions of the State that are going to be curtailed, which are different than the actions of the private sector, as it is known. Why isn’t that being said? Check out today’s transcript for the rest… Begin Mike Church Show Transcript Mike: It ought to be illustrative, or it o….Continue
Mandeville, LA – Exclusive Transcript – There’s President Obama out there saying [mocking] “Never before in history has anyone ever used leverage to try not to raise the debt ceiling.” Gingrich is out there I guess listening to this, raising his hand and saying: Um, excuse me, we did. In 1995 and 1996, we did. I have the email blast from former Speaker Gingrich. It was an interesting read. Check out today’s transcript for the rest…….Continue
Mandeville, LA – Exclusive Transcript – If you’re a new listener, I just want to catch you up on this. I am not being partisan here. I don’t care for, as a matter of fact I despise, partisan politics. If I could do anything with the rest of my life, if I had a choice, it would be to not talk about partisan politics forever. Let’s just get that out of the way here. If the Democrat Party were doing the same thing that the Republican Party is doing right now, in ot….Continue
Mandeville, LA – Exclusive Transcript – Back to David Stockman, there are a couple more stats from the “Sundown in America” essay that he wrote. You can find it in today’s Pile of Prep. If you’re not already convinced, after I read you the rollover of the debt from the first hour, Stockman isn’t finished with his rundown. I’m skipping here. This thing is 18 pages long if printed. I’m only going to get to about a page and a h….Continue
Mandeville, LA – Exclusive Transcript – Any wage control damages a market because it has an effect on the price mechanism. Wage is part of the price mechanism, too. Your ability as a businessperson to set the wage, this is part of the price mechanism. This is how you arrive at how much to sell the donut for. The labor cost, that goes into the price mechanism. Anytime the government comes in and sets the price, it is altering forever the m….Continue
Mandeville, LA – Exclusive Transcript – You have to have trust in the price system and the market. That’s really one of the great fields of unexplored study in mainstream discourse in the United States, the study of actual free market, the way markets work and the way the price system is the greatest regulator and distributor of resources in the history of man. Check out today’s transcript for the rest…….Continue
Mandeville, LA – Exclusive Transcript – We have the news from Detroit. This is really sad, really sad and tragic. It’s not sad and tragic just in an economic sense. If you haven’t heard the news, Detroit is going to become the largest municipal bankruptcy in the history of the United States as it has filed for bankruptcy protection. Much of this, I think, could have been averted, but it probably couldn’t have been averted in the last ten years. In other words, w….Continue
Mandeville, LA – Exclusive Transcript – Don’t forget, folks, the student loan debt is the largest debt owed on Earth. The only thing that trumps the outstanding student loan debt in the United States is the federal budget deficit or the national deficit. That is the only debt that exceeds student loans. There are over $1 trillion -- you can hear Dr. Evil saying it now in an Austin Powers movie. It’s almost as though some maniacal plot has been executed against the ….Continue
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