So, what are the 10 largest developed countries - other than the US - which do not have universal health care, aka socialized medicine?
You did notice that 8 of the 17 countries ahead of the US are European socialist democracies, another is Canada and 4 of the 5 countries immediately behind the US are? That at least 12 of the 17 ahead of the US and 4 of the 5 immediately following have what the R's call "socialized medicine?" (I expect that several of the other 6 do too, I just don't know about them.)
Markets are very afraid of Fed attempts to forecast the exact correct time and amount to tighten. Rightly so, it's a fool's errand. Wait too late and get too much inflation and the Fed has an effective tool to deal with it: Raise rates aggressively. Tighten too soon and slip into deflation and the only effective tool to deal with it is aggressive fiscal spending. That ain't gonna happen as long as the R's have anything to say about it. Hopefully, the Fed will wait, overshoot a little and incur, w/ 20/20 hindsight, too much inflation. Let the useless hacks in Congress #$%$ at the Fed for not timing it exactly right. No one who matters pays any attention to them.
Well done. Perhaps the most interesting of the fixed vs variable debates was in England in the mid 1920's when Montagu Norman, Pres of the BOE took the country back a gold standard and belittled the intelligence of anyone who questioned him, including young Maynard Keynes - never a good idea. Several years later, Mr. Norman suffered a nervous breakdown while trying, and failing, to defend his gold standard against attack by speculators. (Mr. Keynes speculated in exchange rates rather successfully over a number or years, largely on behalf of his Cambridge college's endowment.)
Apparently the later guys borrowing money in order to pay huge premiums to the early guys for shale acreage in the Bakken & Eagle Ford didn't read Andy Hall's (Astenbeck) comments or factor in the Saudi's very lo marginal cost of production. Opps.
". . . an icon of tea party economics who was re-elected in 2014"
"Democracy is the theory that common people know what they want and deserve to get it good and hard."
Consistent w/ R "free mkt" ideology that TBTF banks shd b allowed to take big trading risks with huge leverage while enjoying taxpayer backstops for their debt. Profits are private, losses will, of course, be socialized.
Don't know but suspect you're looking at the BLS participation rate which is "Age: 16 years & over." It's skewed by the demographics. Same issue impacts Japan, Italy, etc. Paul usually provides data for working age adults - typically 18-60. Same issue affects Japan, Italy, etc. It is disappointing that Obama has not stopped us boomers from aging and retiring and I hope the R's, Fox News & talk radio hosts will continue to hold him to account.
You're forgetting what the real risk was in 2009. Remember the Confidence Fairy and expansionary austerity. Demand was MIA not because of huge equity losses in the Crash but due to well founded fear that Gov spending had gotten out of hand & must, just must, lead to hyperinflation and attacks by the bond vigilantes. The smart guys bet on it (long commodities/short bonds), pausing only to write letters to the WSJ warning of the risk. Economists who cited Keynes & conventional macroeconomics - silly talk about liquidity traps, whatever that is - were just liberals. The fact that they've been proven right was just luck. Remember how the real economists at the OECD called for fiscal austerity? (They've since admitted they were wrong & 180'd.) With more fiscal discipline like the EA maintained, we coulda had a nice recovery like they've experienced. Why with a return to the gold standard, we coulda been in a recovery boom by 2010 & the Bush crash would never have happened.
Eliminating laws prohibiting the sale of crack cocaine would certainly reduce sky high prices and take the police off a collision course with drug dealers who are only trying to make a living. Exactly how far down that road do you want to go?
There's a quote somewhere from a smart guy warning against buying a business whose assets ride the elevator down every night. Following the resignation of 50+ editors and contributing editors Mr. Houghes was quoted as saying, " . . . it (the magazine) is bigger than any one of us." Gotta admire his sense of humor as he ventures bravely into the new field - for him - of creating a media product for thoughtful adults.
Don't try to pick bottom 'til bank sales of foreclosed homes in River Oaks are common. Pissant US producers never have understood the concept of least cost producer though Saudi oil ministers have tried to teach them before.
Definition of "friendly to business:" keeping labor docile and scared to death of losing even pissant jobs because there might not be anything else available.
The country drafted a lot of scared young men into the lowest ranks of the most poorly managed and unaccountable bureaucracy ever known, gave them weapons but little training and sent them to fight in rural areas where neither they or their leaders had a clue about which of the largely unarmed civilian population were enemy and which weren't. Then the top brass, managing their careers & the fighting from a very safe distance, put pressure on middle managers in the field to produce enemy body counts. What coulda gone wrong.
Perhaps you should have challenged the people who though that global warming was disproved by the cold snap in Cleveland week before last?
The 10 warmest yrs since record keeping began 130 yrs ago have occurred in the last 15 yrs. 2014 will make it the 11 warmest have occurred in the last 16. But the political hacks taking money from the carbon merchants can't be bothered to notice because they aren't scientists?
Has anyone on this MB bothered to add up how much outside equity capital George has raised on DRYs since the initial IPO (What was it, 10 yrs or so ago?) and compared that total with the current mkt value of outside ownership? Didn't think so.
Faith in trickle down remains strong among the true believers. Actual results, not so much. Kansas is a classic example of both.