“Once politics become a tug-of-war for shares in the income pie, decent government is impossible” – Friedrich Hayek Mr. Hayek was right! One year ago I thought 2011 would be the year politicians tackled fiscal reform. After all, government policy has been the wildcard overshadowing global markets since the financial crisis erupted in 2008. Whether […]
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During times of universal deceit, telling the truth becomes a revolutionary act
“During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell A few weeks ago while in a diner I overhead a comment from a local politician that captured the essence of George Orwell’s quotation. The official said quietly to another person that the donor base supporting his political party was comprised […]
The truth does not change according to our ability to stomach it
Since the financial crisis of 2008 the Federal Reserve has been working to satisfy its dual mandate of maximizing economic growth while also curtailing inflationary pressures. A first round of Quantitative Easing was followed by QE II, yet still the strength of the recovery is tepid.