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Today’s Economy: Why are we here?. Fed’s balance sheet blown up by factor of 3+. Ron Paul comes Oct. 7 th. More from my colleagues.

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Presentation on theme: "Today’s Economy: Why are we here?. Fed’s balance sheet blown up by factor of 3+. Ron Paul comes Oct. 7 th. More from my colleagues."— Presentation transcript:

1 Today’s Economy: Why are we here?

2 Fed’s balance sheet blown up by factor of 3+. Ron Paul comes Oct. 7 th. More from my colleagues.

3 2004 S.E.C. change in the law. 3% Wipe out rate, $1.60 in capital. Hey, but why worry…housing prices will never fall!

4 “The ultimate result of shielding men from the effects of folly is to fill the world with fools.” Hubert Spencer No Moral Hazard.

5 Why do we stay here? History repeating: Demonize Business, Villify Success, Temp Tax Yo-Yo, Cap gains, ½ the gains...all the loss. Class Warfare? Math? Or Class Warfare Math?

6 Why do we stay here? NLRB and Boeing…Chrysler Bonds…Industrial Policy and Solyndra…Keystone pipeline…Korea, Colombia, Panama…disinterest in economic growth

7 Lock in 25% of GDP

8 Taxing to Prosperity?

9 What do you do with historical facts?

10 Nobel Laureate Robert Lucas asks: "Is it possible that by imitating European policies on labor markets, welfare and taxes, the U.S. has chosen a new, lower GDP trend? If so, it may be that the weak recovery we have had so far is all the recovery we will get."

11 Will your children have a better life than you? 1% and 30 years makes a world of difference.

12

13 Is a long-run equilibrium unemployment rate of 7.5-8% as good as it gets???


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