Tag Archive: Robert Mugabe

Sep
14

QE∞

Ben Bernanke announced a third round of monetary easing on part of the Federal Reserve this week.  While some have called it QE 3 (quantitative easing 3), I call it QE ∞ (quantitative easing infinity).  Bernanke announced that the Fed would purchase $40 billion of mortgage backed securities each month for the foreseeable future.  Unlike …

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Permanent link to this article: http://wkubbtcenter.com/2012/09/14/qe%e2%88%9e/

Aug
17

Eminent Theft

The Fifth Amendment to the US Constitution recognizes the power of the government to seize private property for public use (eminent domain) as long as just compensation is given to the owner of the property.  In 2005, the US Supreme Court expanded the definition of public purpose to include private economic development.  In Kelo vs. …

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Permanent link to this article: http://wkubbtcenter.com/2012/08/17/eminent-theft/

Apr
23

The Lighter Side of Capitalism Today: Limerick’s Today

GM “Repays” loan with TARP money There once was a car company bold Who took money when no cars were sold They claimed they’d paid back All the money they’d jacked But it’s with money they had been doled Financial Reform Guarantees Sacks of Gold to Goldman Sachs There once was a bank who owned …

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Permanent link to this article: http://wkubbtcenter.com/2010/04/23/the-lighter-side-of-capitalism-today-limerick%e2%80%99s-today/

Apr
12

South Africa Should Replicate Zimbabwe’s Policies?; or, Politicians would be funny as court jesters if only they stopped killing people first

Zimbabwe is a wreck. Their unemployment rate is over 90%. At least a quarter of their country’s citizens have fled to South Africa. Their national debt is off the charts; their currency is as worthless as their leader, Robert Mugabe. I was in Zimbabwe last month. I bought some Zimbabwe cash from a guy on …

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Permanent link to this article: http://wkubbtcenter.com/2010/04/12/south-africa-should-replicate-zimbabwe%e2%80%99s-policies-or-politicians-would-be-funny-as-court-jesters-if-only-they-stopped-killing-people-first/