Posts tagged government spending

Cut Off Federal Funding For Science to Speed Innovation

Innovation isn’t linear.  Innovation can’t be planned.  Innovation doesn’t come out of government spending or dollars spent for research science.  Innovation comes from people executing on ideas. Matt Ridley wrote what I hope will become a very well read and …






Welcome to Office Gov. Bruce Rauner

If you have been reading Wirepoints like I have, you always new the situation in Illinois was dire.  Political reporters in every newspaper ignored the fiscal crisis.  It goes against their belief in a lot of cases.  But, Illinois is …






Everyone’s Moving Away

Ace pilot Chuck Yeager used to say, “Never wait for trouble.”.  Barry Ritholz tweeted this early this AM and I thought it was pretty meaningful in a macro sense.  Check out which states are seeing increases in childbirth, and which …






Cut The Size of Government

Here is a list of stupid things the government spends money on. If we go back over budgets of years past, we would find plenty more stupid things the government wastes money on. Years ago, the late Senator William Proxmire, …






Obama and the Keynesians Total Fail

Caught this article in BI today. The lack of analysis and depth of thought is frightening. In March of 2009, we embarked on our latest Keynesian experiment. Previous to this one, we had tried Keynesian schemes before. They almost never …






Obama and the Fed Are Out of Bullets, 5 Ways to Reload

Most of the time, markets tend to ignore political speeches. Traders know they are partisan and full of hot air. Ask any trader who he’d rather have lunch with, Ben Bernanke or Barack Obama and most of the time they’d …






Structure of the Marketplace

There is a lot of confusion out there on markets. What makes a market? Why are free markets “good”? Yesterday it occurred to me while I was moderating the Financial Innovation Forum at midVentures that we are witnessing the rise …






Economic Calamity

One unemployment number doesn’t make a trend, but today’s was about as bad as they get. Hope you didn’t follow my advice yesterday and sell premium. This number was outside the standard deviation of expectations. I really can’t stress how …






Your Government inAction

I am in DC. Took a long lovely walk from Georgetown, through the Vietnam War Memorial, stopped by the World War Two Memorial and commiserated with some WW2 vets that were there, and over to the Jefferson Memorial. On the …






Senator Earmark

If you are a regular reader of this blog, you know that I roast the Obama administration and the Democratic socialists regularly.  The reason that I do is that they never met a government dollar that they didn’t want to …






More Taxes Will Not Help

Stephen Moore and Richard Vedder penned a column for the Wall Street Journal today.  For all the economists and people out there that are “data dogs”, they have some data. We’ve updated the research. Using standard statistical analyses that introduce …






Illinois Is Broke

Went to an event tonight sponsored by the Economic Club of Chicago. The co-founders of a project called IllinoisisBroke.com were there along with other luminaries from the Chicago business community.  They made a very sober, well thought out and factual …






Eurozone Worries

Like a bad penny that won’t go away, traders are focused on the Eurozone again! A bad Irish debt auction is catching up with the market. Irish GDP fell 1.2%, leading everyone to believe defaults may be on the horizon. …






Economic Stimulus, Spend or Less Tax?

The great debate since Obama took office was not if the economy was in bad shape or not, but how to use effective policy to revive it. Greg Mankiw, a Harvard economics professor, has an excellent discussion of economic stimulus …