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A Generational Shift in Europe

November 22, 2011 by jginsberg

by George Friedman, Stratfor

Change in the international system comes in large and small doses, but fundamental patterns generally stay consistent. From 1500 to 1991, for example, European global hegemony constituted the world’s operating principle. Within this overarching framework, however, the international system regularly reshuffles the deck in demoting and promoting powers, fragmenting some and empowering others, and so on. Sometimes this happens because of war, and sometimes because of economic and political forces. While the basic structure of the world stays intact, the precise way it works changes.

The fundamental patterns of European domination held for 500 years. That epoch of history ended in 1991, when the Soviet Union — the last of the great European empires — collapsed with global consequences. In China, Tiananmen Square defined China for a generation. China would continue its process of economic development, but the Chinese Communist Party would remain the dominant force. Japan experienced an economic crisis that ended its period of rapid growth and made the world’s second-largest economy far less dynamic than before. And in 1993, the Maastricht Treaty came into force, creating the contemporary European Union and holding open the possibility of a so-called United States of Europe that could counterbalance the United States of America. [Read more…]

Filed Under: American Foreign Policy, Europe, European Foreign Policy, Obama Administration, United States Economy

Milton Friedman Explains Why Government Interference in the Free Market Through Social Engineering Hurts Those it Purports to Help

July 23, 2010 by jginsberg

In this video, economist Milton Friedman explains how well meaning social programs inevitably trap the recipients of government largesse into cycles of poverty and dispair.

Filed Under: Miscellaneous observations, United States Economy Tagged With: milton friedman, minimum wage, social programs

Representative Tom Price Speaks About Financial “Reform” Bill

June 30, 2010 by jginsberg

My Congressman, Dr. Tom Price, speaks out against the Dodd-Frank “Permanent Bailout” bill:

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Filed Under: United States Economy

Obama Presidency in Disarray

September 29, 2009 by jginsberg

My friend, Scott Italiaander, published this very insightful post on his blog.   Despite what those on the left may think, conservatives and libertarians do not want this president to fail – especially when it comes to national security.  At best, it seems that the president and his staff have far more on their plate than can be handled.  At worst, they are increasingly coming off as bumbling amateurs who are foolishly appeasing our enemies at the expense of long-time allies like Israel, Poland and Honduras.

The Iranian response to the president’s desire for engagement surely must be the cause of concern in the White House.

And why has Secretary of State Clinton been so silent in the face of these very significant foreign policy challenges?

Let’s hope that the president and his advisers return to a policy of operating from strength and not from weakness.

Now – here is Scott’s take on the current state of the Obama White House:

September is proving to be a cruel month for the Transformer-in-Chief.

Early in the month Van Jones, President Obama’s czar in charge of “green jobs,” resigned after having been unmasked as an avowed Communist with Marxist ideas. Jones was fired in order to short-circuit scrutiny of Jones’ ties to Leftist front groups which in turn have ties to the President. Too late: thanks to the likes of Glenn Beck, the Jones affair opened up an avenue of inquiry into the Obama White House’s ties to radical activists and their incendiary political philosophy.

Next, Obama made his much hyped address to Congress to pitch his health care plan. The highlight of the speech was the “You Lie!” charge which earned Republican Rep. Joe Wilson a rebuke by Congress and about 2 million dollars in online contributions. But the accusation only put the spotlight on Obama’s fantastic assertions about his plan, causing the politicians to promise to remove language in the bill that Obama insisted didn’t exist in the first place. [Read more…]

Filed Under: American Foreign Policy, Israel, Obama Administration, The Presidency, United States Economy Tagged With: Obama presidency, scott italiaander

Economic Recessions and World Geography

June 2, 2009 by jginsberg

By Peter Zeihan
Reprinted with permission from Stratfor

The global recession is the biggest development in the global system in the year to date. In the United States, it has become almost dogma that the recession is the worst since the Great Depression. But this is only one of a wealth of misperceptions about whom the downturn is hurting most, and why.

Let’s begin with some simple numbers.

As one can see in the chart, the U.S. recession at this point is only the worst since 1982, not the 1930s, and it pales in comparison to what is occurring in the rest of the world. (Figures for China have not been included, in part because of the unreliability of Chinese statistics, but also because the country’s financial system is so radically different from the rest of the world as to make such comparisons misleading. For more, read the China section below.)

World GDP Change

But didn’t the recession begin in the United States? That it did, but the American system is far more stable, durable and flexible than most of the other global economies, in large part thanks to the country’s geography. To understand how place shapes economics, we need to take a giant step back from the gloom and doom of the current moment and examine the long-term picture of why different regions follow different economic paths.

The United States and the Free Market

The most important aspect of the United States is not simply its sheer size, but the size of its usable land. Russia and China may both be similar-sized in absolute terms, but the vast majority of Russian and Chinese land is useless for agriculture, habitation or development. In contrast, courtesy of the Midwest, the United States boasts the world’s largest contiguous mass of arable land — and that mass does not include the hardly inconsequential chunks of usable territory on both the West and East coasts.

Second is the American maritime transport system. The Mississippi River, linked as it is to the Red, Missouri, Ohio and Tennessee rivers, comprises the largest interconnected network of navigable rivers in the world. In the San Francisco Bay, Chesapeake Bay and Long Island Sound/New York Bay, the United States has three of the world’s largest and best natural harbors. The series of barrier islands a few miles off the shores of Texas and the East Coast form a water-based highway — an Intercoastal Waterway — that shields American coastal shipping from all but the worst that the elements can throw at ships and ports. [Read more…]

Filed Under: United States Economy Tagged With: economic recovery, geopolitics, recession

Government and Freedom

March 18, 2009 by jginsberg

I would like to print these words of wisdom on a card and tape it to the mirror of the President and every member of Congress:

You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it.

–Dr. Adrian Rogers

Filed Under: United States Economy Tagged With: Adrian Rogers

Cramer Takes Obama Administration to Task

March 3, 2009 by jginsberg

Mad Money’s Jim Cramer speaks argues that President Obama’s ambitious stimulus package is draining the wealth from our citizens.  He speaks the truth.

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Filed Under: United States Economy Tagged With: Jim Cramer

Buy a Toaster…Get a Bank

December 18, 2008 by jginsberg

Filed Under: United States Economy Tagged With: financial crisis

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