Our Manifesto

Guerrilla Economics
Julius Caesar said, “What we wish, we readily believe, and what we ourselves think, we imagine others think also.” It is a particularly good to remember this as the political gladiators wrap up their legislative session to prepare for elections..

Magic Bus
“Give me a hundred …Magic Bus…I won't take under … Magic Bus.” So goes the old Who song. I would argue that you could take a billion since according to a study that JDA just completed for the American Bus Association Foundation...

InSights: Please Play it Sachs Man
The darling of Wall Street, Goldman Sachs still produces massive profits, employee bonuses, and Treasury Department officials, but politically the bloom may be off the rose.

On The Economy
It would seem that many of the song titles from 80s punk band Rancid VAT, (Tears and Heartbreak, Hot and Nasty, Eat Hot Lead and the crowd favorite Sucker Punch) perfectly describe the feelings of most taxpayers toward the idea of the Value Added Tax (VAT) that is now being discussed in Washington...

Don't Cry for Me Argentina

With the passage of President Obama’s health care act, the federal government has embarked on yet another large scale spending program. This, along with other stimulative measures undertaken by the Federal government and the once independent Federal Reserve continue to set the stage for a massive currency readjustment and run up in inflation.

The economists in control at both the Fed and in the White House all suggest that there is zero threat of inflation since the economy has a huge amount of surplus capacity. While it is true that there may be unused capital and labor in the economy, this often has little if anything to do with inflation.

Power Cut

The liberal think tank, Center for Budget and Policy Priorities just issued a report entitled, An Update on State Budget Cuts where they suggest that reductions in the growth of state budgets will have a dire effect on communities and the economy. 

But as Paul McCartney says in the song Power Cut, “And the candles burn down low, but something inside of me says the bad news isn't so.”

Busted

The Congressional Budget Office (CBO) released its projections for Federal spending, revenues and the deficit for fiscal years 2010 through 2019. 

Over this period, the Federal debt is projected to increase by an additional $6.7 trillion; from an already staggering $12,302,465,487,917 (Yes the Federal Reserve tracks it to the penny.)