Social networking for business

In this Forbes article is an explanation of the future of corporations in our economy.  It's social networking and its spinoffs.  Out is the old hierarchical corporate model and in is the open, flat structure in which information is hared and spread around to many different people within the company.  Ultimately this new model will lead to a revived  economy in which the consumer drives the corporation to satisfy his wants and needs as opposed to settling for the value created for him by the corporation.  This is all explained here.

Misean economics

In its simplest explanation Misean economics, or the Austrian School, if you will, is all about not forcing nature.  The school's biggest complaint is about the Fed's propensity to manipulate the money supply, as it has since the '07-08 financial meltdown.  Shostak, a Misean economist, argues here against the recent policy of the Fed to pump all kinds of dollars into the economy while dropping interest rates to zero in order to prop up the various bubbles that were created dating back to 2002 when the central bank dramatically loosened the money supply creating the credit boom which created the mother of all housing/real estate booms.  Miseans say no good will come from this policy as what needs to happen is a purging of all the wasteful investments made during the easy money of the early 2000's in order to get back to sound investments made with real savings, not phony credit.  These Miseans have been more right than wrong in calling turns in the economy dating back to the Great Depression.  

Capitalism at work

This is an excellent description of how Capitalism works from the ground up.  It is also a primer on how big government represses and holds back the entrepreneurial spirit that drives Capitalism.

The imploding administration

It does appear, as this VDH column asserts, that the Obama administration is in the midst of imploding, so many embarrassing events have happened all at once.  In a recent interview Grover Norquist also commented on the reasons why the Obama recovery never took place and how difficult it is going to be for this administration to run away from the current state of the economy.  All in all it is hard to see how Obama can be reelected, however one should not overlook the appeal of socialism to many millions of people who would prefer to be 'taken care of' rather than compete in a vibrant and ever changing economy.

A liberal mindset

It will be interesting to look back at this article by a garden variety liberal columnist after the election in the fall.  Tomasky presents the standard arguments for the liberals as the 'good' guys versus the bad old republicans.  These tiresome liberal arguments, at least to this conservative, seem to defy reason.  For example, Tomasky says liberals always argue on behalf of specific programs and plans to benefit people while republicans speak in generalities about 'freedom', and 'liberty', and the like.  The question is why does he think it should be otherwise since republicans (conservatives) don't want a lot of intrusive programs, and the like, fobbed off on them by a big government leviathan state that simply grows bigger because that's what it does best at the expense of diminishing the freedoms of the individual.  It's as though the guy never heard of limited government as proscribed in the US Constitution.  It's as though the guy never heard of Ronald Reagan.  It's as though the guy never heard of the USSR and the gulags for crying out loud!  Liberals seem to have no memory bank.  At any rate it's hard to imagine this country deciding in the next section to continue with the destructive socialist schemes of Obama and his radical friends.  We'll see.