May 22, 2013
They launched the 'Arab Spring' but now yearn for the good old days of a strongman
May 20, 2013
Richard A. Serrano: Is Meir Kahane's assassin now a changed man?
Genetic copies of living people from embryos no longer science fiction
Jewz in the Newz by Nate Bloom :
The Kosher Gourmet by Cathy Pollak:
Jews Inducted into Rock Hall of Fame; Anton Yelchin co-stars in New "Trek" film; Kutcher (but not Kunis) visits Israel; Jewish TV Star Praises Jewish Rap Star
WARNING: This WALNUT CAKE WITH PRALINE FROSTING, perfect for afternoon coffee, is addicting
May 13, 2013
Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation
David G. Savage:
Church-state, literally? Supreme Court weighing public school graduation in a church
May 10, 2013
Rabbi Berel Wein: Be all that you should be
May 8, 2013
Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas
Obama administration quietly backs out of appeal over new contraceptive mandate
At Kerry-Putin meeting, US-Russia relations thaw --- a tad
The Kosher Gourmet by Leela Cyd Ross :
Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility
May 6, 2013
May 3, 2013
Kids, kittens the Same?
With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Terrorism in America: Is US missing a chance to learn from failed plots?
Boston Bomber's 'Svengali' Revealed
Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May:
Defense in the Age of Jihadist Terrorism
Sharon Palmer, R.D.:
How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty
April 24, 2013
Jewish World Review
Oct 3, 2011
/ 6 Tishrei, 5772
Pot Calls Kettle Risky, Or: The Wit and Wisdom of T. Geithner
"If you put the federal government in charge of the Sahara desert, in five years there'd be a shortage of sand."
--Milton Friedman, who was an economist but made sense nevertheless.
The succession of American secretaries of the Treasury from Alexander Hamilton to Timothy Geithner is alone enough to raise questions about the Theory of Evolution. For when it comes to secretaries of the Treasury, devolution might be the better term.
Tim Geithner began his tenure at Treasury with the revelation that he hadn't been paying his taxes, at least not on time. By now he's gone on to overlooking even bigger things. Like the danger of the federal government's spending still more, and therefore driving the country even deeper into debt. But that hasn't stopped him from hectoring other countries about their spendthrift ways.
Just the other day, Mr. Geithner was solemnly lecturing European policymakers on the dangers of not getting their financial house in order. That's right: The American secretary of the Treasury was telling other governments to beware of out-of-control spending. Much like Mme. de Pompadour praising the advantages of chastity. What a show.
If other governments didn't change their spendthrift ways, Mr. Geithner warned at a conclave of the International Monetary Fund, they would invite, among other dire consequences, "the threat of cascading default" and "catastrophic risk." Which is just what his policies and that of this administration have been inviting for some time now in this country.
Do you think the man ever looks in the mirror? And if he does, do you think he is capable of recognizing himself? Or realizing that, when he warns Europe about its profligate policies, he is describing his own?
What next, will Ben Bernanke over at the ever-flailing Fed criticize other central banks for printing too much money?
Will our president warn other nations against investing billions in economic stimuluses that don't stimulate the economy? Or at least not as much as We the People were solemnly assured all that spending would.
Remember how the president's earlier, $900-billion jobs bill was going to keep unemployment safely under 8 percent? It didn't but, he's now assured us, spending another $450 billion will do the trick.
Does anybody believe that -- except maybe those still living in some Keynesian fantasy? But never fear, if this latest shot in the economy doesn't do it, the next one will. And that's just what some economist infected with Krugmanitis will surely recommend when this stimulus doesn't much stimulate, either.
Inflationists have a simple, uniform answer to every problem with their economic theories: Just spend more. They seem blissfully unaware that that's how we got in this mess in the first place. A poor memory isn't required to be a member of the Keynesian club in good standing, but it definitely helps.
What's next? Will the president now caution other governments against guaranteeing $535-million loans to politically well-connected companies (like Solyndra) that, for all their talk of going green, go bust instead? And succeed only in adding to the nation's unemployment rolls. In Solyndra's case, by 1,100 now unemployed employees.
The story of Solyndra' won't be complete until the Feds, in a final touch, put up one of those big signs they love in front of its closed doors: This Project Funded by the American Recovery and Reinvestment Act.
These are the same people who now lecture their counterparts abroad on the need for fiscal prudence. As if they woud know it when they saw it, let alone practiced it.
"By a continuing process of inflation, goverment can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
--John Maynard Keynes, an economist who made a lot more sense than many Keynesians
Paul Greenberg Archives
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