Brookes News Update

Bernanke gets it wrong: Bernanke is said to be an expert on the Great Depression and that it has shaped his thinking about the role of the Fed. Be that as it may, Bernanke's actions suggest that far from absorbing the lessons of the 1930s he has in fact hammered them into a Keynesian mould. And this is why we just got another rates cut
Emissions trading - a weapon of mass taxation: Although consumers in many countries will bear the oppressive costs of a carbon tax, there may be no reduction whatsoever in CO2 emissions, and no beneficial effect on the world's climate. But parasitic companies formed to exploit carbon tax will reap billions from ripping off the public and savaging its living standards
Debt and monetary policy - is there a link?: It is a pretty sorry state of affairs when economic commentators can write of consumer spending and debt driving the economy without once referring to monetary policy. It is even worse when the same commentators write about monetary policy without even alluding to the money supply
Body of South American youth mutilated near Guantanamo: Has Cuba's Stasi-trained secret police been murder South American students for their organs? The mutilated body Beatriz Porco of a 22-year-old Bolivian student found near Guantanamo suggest that this is the case. But this should not surprise us considering that Castro ordered political prisoners to be drained of their blood
Wages and risk: another leftwing fallacy: Leftists argue that labour flexibility and productivity schemes are attempts to shift the risks of doing business from the firm to its employees. This is pure baloney
Feed the World: Though he is already being belaboured by the self-haters in the left-wing commentariat, the Western consumer did not choose to implement costly and economically nonsensical biofuel policies; he had such ill-thought out intervention foisted upon him by ignorant politicians and greenie fanatics
The silent jihad against the west: Active jihad, the holy war, is terrorism. But there is also another form of jihad that is part of the deliberate effort to have Islam replace all concepts of morality and the values held dear by the rest of us. The name of this silent fifth column effort is Sharia Banking

Posted by John Ray.