Joint Chiefs of Staff Chairman Admiral Mike Mullen moved us one step closer to reality recently with his statement that Iran now has enough enriched uranium to build a nuclear bomb, thus confirming a similar report by the United Nations nuclear weapons agency. Secretary of Defense Robert Gates was quick to add that “there is some time”, […]
Archives for 2009
Looming Disaster III
With my first essay in this “disaster” series, I thought one or two would be plenty. Alas, the disasters just keep on coming. Now we have Obama’s first proposed budget, and it simply takes your breath away. First, a dose of reality. From a purely financial disaster standpoint, former Bush economic advisor Larry Lindsey put […]
Potpourri
There is so much to deal with and so little time and space, so here are some odds and ends: Executive Pay Limitation The new policy of capping executive pay at $500K annually is typical government populist feel good nonsense. It suffers from a number of flaws–it reflects complete ignorance of the financial services incentive system; […]
Looming Disaster II
Last month I wrote of the disaster looming in the form of 1970’s style “stagflation” as a result of a continuation of the misguided Federal Reserve monetary policy of the past five years that has disregarded its first priority–the protection and stability of the value of the dollar. Now for the second leg of the looming disaster, […]
Recent Books
No One Sees God, by Michael Novak Novak is one of the more insightful theologian/philosophers and in this release he is at his most provocative. He draws from his lifelong study of philosophy and his personal struggles with religious faith and belief in exploring the age old debate between faith and reason. He does so […]
Looming Disaster
It is comforting to think that the worst of the economic meltdown may be behind us, that hopefully the extreme volatility of the markets has abated somewhat and they have found their bottom for the time being, but I fear a more profound and longer lasting negative impact from the “cures” that have been applied and […]
Whither Conservatism in the Obama Era?
Happy New Year! As I indicated in the close of the November letter, as Americans we should begin the new year and the prospect of a new era in our politics with enormous pride in and thanks for the wisdom of the system that will again allow us to perform the true miracle of the […]
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