A busy week here at NOT PC, mostly trying to make sense of what's happening to the world's economie and trying to explain how the "experts" are already making it worse, and party leaders and talking heads would do if and when they could.
Here are the posts that you, the readers, ranked most highly over the last week:
- Alleged economist wins Nobel Prize
"Determinedly uninformed" "professional bleeding heart 'liberal'" Paul Krugman gets the award for earlier more rational work, but is feted most widely for his high-profile present gig as a promoter of "the alleged horrors of economic freedom." So say the commentators.
- 'One-day wonder' market correction
After the single- biggest monetary inflation the world has ever seen, a magnanimous golden shower in which all the world's bankers have been drenched, stock markets went up. For a day. Like the title says...
- Explaining the "credit crunch"
Mainstream economists and mainstream commentators think all will be well just as long as the credit spigot at the central bank remains turned on full blast -- but since they've never truly understood where credit actually comes from, which is real savings, they have no idea where it's gone now it seems to have vanished. But George Reisman does.
- No indeed, Minister
When Michael Cullen wanted to meddle with the NZ Super Fund, National supporters said it left Cullen looking "looking more like Muldoon by the minute," and called it "a defining election issue." So what do they say now John Key wants to meddle with his own 'Dancing Cossacks' plan? See here.
- Everyone has a voice
So who speaks for taxpayers when all the election bribes are being handed out? Anyone?
- Message to National: Stop the spending
A message neither heard, nor understood: When the economy is bailing, get the hell out of the way.
- Clark and Key 'agree' plans to prop up the banking system
There are seven things governments can do to stifle economic recovery ... and both big parties are planning --and doing! -- them all. Go figure.
So there's a fairly common theme there, don't you think? No, art and architecture have hardly had a look in here in recent days (though we have been posting some crackers) but when the winds of parlous economic times are blowing around your ears, looks like the primary interest lies in hunting down a supply of decent head-scarves -- as this week's Objectivist blog roundup over at Rational Jenn's also demonstrates.