The Hot Joints » capitalism

Economics 101: Why Keynesian Policies Fail

Chris Jones — Mon, 29 Nov 2010 22:28:06 +0000

This video is from The Center for Freedom and Prosperity. It explains in 5 minutes why Keynesian economic policies are doomed to failure.

(hat tip Hot Air)

Video: Glenn Beck Rips Media For Accusing Him Of Greed, Exploiting 9/11

Chris Jones — Tue, 14 Sep 2010 16:41:56 +0000

Glenn Beck did an epic rant yesterday about all the lies the media told about him while he was on vacation. First he tears into the media for accusing him (and Sarah Palin) of exploiting 9/11. He also put to rest the media myth that he raked in the money with the huge “Restoring Honor” rally in DC.

Based on his comments I imagine Beck probably spent several hundred grand out of pocket for the “Restoring Honor” rally. Once again the media tried to vilify him and failed miserably.

(hat tip Story Balloon)

George Soros Puts $50 Million Towards Attacking The Free Market

Chris Jones — Wed, 28 Oct 2009 18:03:58 +0000

Commie Pinko George Soros has a brand new idea for destroying America and he’s putting $50 million behind it.

According to Newsweek, Soros aims to “purge” economics of its “free-market zeal”. In other words, Soros wants to dismantle free market capitalism as we know it.

Now financier George Soros is announcing a $50 million effort to speed things along. This week Soros is gathering some of the leading practitioners of the market-skeptic school, who were marginalized during the era of "free-market fundamentalism," among them Nobelists Joseph Stiglitz, George Akerlof, Michael Spence, and Sir James Mirrlees. He’s also creating an "Institute for New Economic Thinking" to make research grants, convene symposiums, and establish a journal, all in an effort to take back the economics profession from the champions of free-market zealotry who have dominated it for decades, and to correct the failures of decades of market deregulation. Soros hopes matching funds will bring the total endowment up to $200 million. "Economics has failed not only to predict and explain what happened but has also failed to protect society," says Robert Johnson, a former managing director at Soros Fund Management, who will direct the new institute. "That’s what the crisis revealed. The paradigm has failed. There is no guidance."

George Soros has spent years and hundreds of millions of dollars trying to destroy America — so this is nothing new. What is new is that for the first time we have a president who actually agrees with him.