Wednesday, June 25, 2008

BrookesNews 25th June 2008


BrookesNews Update
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The Democrats' socialist lunacy
Democrat congressmen Maxine Waters and Maurice Hinchey revealed theirsocialist agenda by calling for the nationalization of the oil companies.According to the ideology of this extreme leftwing duo nationalization wouldgive the state the power of controlling prices
Inflation and wages - another dangerous economic fallacy
Money is not neutral. This means is that attempts by central banks tostabilise prices distort the pattern of production and trigger off theso-called boom-bust cycle. From this we can deduce that even when the CPI isapparently stable inflation can still be rampant beneath the monetarysurface. Those who think otherwise have not learnt the fundamental lesson ofthe 1920s
The market created money, not the state
On the day a commodity becomes money it already has an establishedpurchasing power or price in terms of other goods. This purchasing powerenables us to set up the demand for this commodity as money. This in turn,for a given supply, sets its purchasing power on the day this commoditystarts to function as money
Green Oil
A study by LSU's sea grant college shows that 85 percent of Louisiana'soffshore fishing trips involve fishing around these structures. The samestudy found 50 times more marine life around an oil production platform thanin the surrounding mud bottoms
Return of the dupes and the anti-anti-communists
The irony of journalists like Dana Milbank is that while they are laughingat the anti-communists, they seem to have no idea that the loudest howls oflaughter have always come from the communists who see such journalists asdupes
Unshackle American enterprise to increase oil supplies
Democrats and other leftists seem incapable of learning simple economicfacts and continue to resist and oppose all efforts to make America oil selfsufficient and independent of foreign sources controlled by our enemies
The flawed and costly war
Barack Obama is out on the stump using the skills he learned as a 'communityorganizer' to try and woo support while talking about little of substance.He has the liberal psychobabble down pat and uses tried and true tactics anytime someone levies any criticism against him
Hugo Chávez, Colombia, and FARC
For months, the Revolutionary Armed Forces of Colombia (FARC) were thedarlings of Venezuelan President Hugo Chávez. H
From coal to fuel to oil
Apart from engendering economic turmoil and worries of many kinds, theskyrocketing price of oil has also done something momentously beneficial: Ithas created conditions for America's oil independence by making iteconomical to extract fuels from coal, our most abundant energy resource

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