This article tentatively accepts the proposition that the default of sub prime mortgages and the subsequent decline of housing prices have been the cause of critical problems in the banking system and collapse of credit markets world wide.
Letís do some housing math. Last fall there were about one million delinquent ...read more
A Net-Positive Gas Tax
Mar 23rd, 2009 | By Whiskey Contributor | Category: Energy, Featured, Oil
Richard Lugar, in the February 1 issue of the Washington Post , supported Charles Krauthammerís so-called net-zero gas tax idea . This net-zero idea is an eminently fair and painless way to combat our looming oil crisis. What makes the idea so great is that the taxes collected are given ...read more
Stem Cells, Obama and the Austrians
Mar 12th, 2009 | By Whiskey Contributor | Category: Featured, Investing Strategies, Macro Economics, Technology
As I predicted, the president lifted the funding ban on embryonic stem cells. First, though, please indulge a rant...
"It's not the lie. It's the coverup" is the old political adage.
Usually, in politics, it's much better to admit a mistake and move on. I wish to heaven we could learn that ...read more
Collectivism and Currency Debasement: There’s Always a Silver Lining
Mar 11th, 2009 | By Whiskey Contributor | Category: Featured, Macro Economics, Politics
Here at Casey Research, we are trying not to be overly pessimistic, but there’s no denying the mass of bad news coming to us from all fronts: the forces of collectivism are using the cover of the crisis they largely created, aided and abetted by capitalism’s quislings, to roll over ...read more
Baltimore Redux: Still Thanking the Government for the Ghetto
Mar 6th, 2009 | By Whiskey Contributor | Category: Featured, Macro Economics, Politics
Want to save money? Sell your house. Move to Detroit. The median house in the Motor City sold for $7,500 in December. How about that, dear reader? You can buy a house for the same price as the Dow stocks. A little low on cash? Put it on your credit ...read more
Making Home Affordable: The Kickoff Begins
Mar 5th, 2009 | By Whiskey Contributor | Category: Featured, Macro Economics, Politics
Help is coming for 9 million overtaxed, indebted sods -- so goes the jingle from our newest president of these United States.
That’s a little more than those who are drowning right now.
One in five U.S. mortgage-payers is underwater. That’s over 8 million of us. In times like this I cross ...read more
The Left in Power
Feb 18th, 2009 | By Whiskey Contributor | Category: Featured, Politics
The theme of my book, The Left, the Right, and the State, is that both sides of the political aisle represent a grave threat to liberty — though each of a different sort. It is like two people tugging at a turkey's wishbone: the turkey is liberty, and you are ...read more
Unlimited Economic Growth: What Is the Economy?
Feb 11th, 2009 | By Whiskey Contributor | Category: Featured, Macro Economics
We routinely talk about "the economy" as if it were a self-evident concept. We say "the economy is growing" and "the economy is in bad shape," without really discussing what it is exactly that we're referring to. There are three measures we use more or less interchangeably when we discuss ...read more
The Social Non-Contract: Governments Have No Right
Jan 30th, 2009 | By Whiskey Contributor | Category: Featured, Personal Liberties
I'm going to start with a most controversial proposition:
No government has the right to exist.
First, I must specify what I mean by a right. We can define a right in many different ways, but the one thing that all conceptions have in common is that they are, ultimately, a justification ...read more
Risk-Taking Traders Born Not Made
Jan 23rd, 2009 | By Whiskey Contributor | Category: Featured, Investing Strategies
A recent dispatch from the Proceedings of the National Academy of Sciences didn’t give us the next big development in stem cell therapies. It didn’t tell us how the car of 2020 will be powered. Instead, John Coates and his team of Cambridge researchers turned the powerful lens of science ...read more

