Thursday, November 5, 2009

Breaking News; 12 Dead, 31 at Ft Hood, TX

Details are still coming in....

Please keep the families of the victims in your prayers tonight.

Will update as we get more information.

Tuesday, November 3, 2009

Libertas Articles

The Rutgers Democrats have printed another issue of Libertas yesterday. In that issue an article on trickle-down econopmics appeared. This article was one of the most specios drafts of reasoning since the last Paul Krugman article I read. His reasoning is that investment does not occure when the rich recive tax cuts because they are more inctivised to save rather than invest. His copnclusions only hold if banks are simply a stor house of money. Banks are investors by thier very nature. They hold as little capital as requierd to keep themselves solvent and invest the rest as fast as they can. To claim that tax cuts do not spur investment is invilation of all economic reasoning. He also makse compariosns of the clinton years (a period at the height of a bubble) to the Bush years (when the bubble burst). Like Robert Frank, the author of this article needs to read more widely.