Rice County Republicans

ECONOMICS / BUSINESS
Robert P. Murphy, dismembers Paul Krugman’s “wonkish” statement when he argued “…“what happens if there’s a loss of confidence, causing the risk premium [on US government debt] to rise? The answer is that the currency depreciates for any given domestic interest rate, increasing demand…That is, the effect on the economy is expansionary,” by using Paul Krugman’s own previous writings from a couple years ago. Hypocrisy, thy name is PAUL.

Prof. Arnold Kling makes some very good recommendations about how to reform the mortgage market in the piece published in “The American,” from the venerable American Enterprise Institute.

The magnificent 1958 essay by Leonard E. Read, “I, Pencil” is now a YouTube short, which is a fantastic investment of 5 minutes of your time for a most excellent short economics lesson.

Here’s a very good piece on the anatomy of the Hostess failure.

GENERAL INTEREST
The numbers are in and this editorial pretty clearly points to the Marriage Amendment as the biggest hindrance to GOP candidates this last cycle; a self-inflicted massive failure.

Since there are a lot of Ron Paul fans in Rice County, here’s eulogy of sorts for Ron Paul’s 20 years in the House of Representatives from the “American Conservative” magazine.

The fiasco of the Minnesota Marriage Amendment and the “slap-down” of the Republican Party of Minnesota receives in the election made that flagship paper of beltway conservatives, The Washington Times.

What cost to the MNGOP is the Independence Party -which usually runs as fairly fiscally conservative and generally more centrist on social issues – there are a number of races where this was easily the margin of loss.

A special report on San Bernardino with worrying implications for Cities in MN and an unchecked State government focused on paying off their Union cronies. “[T]he city’s decades-long journey from prosperous, middle-class community to bankrupt, crime-ridden, foreclosure-blighted basket case is straightforward — and alarmingly similar to the path traveled by many municipalities around America’s largest state. San Bernardino succumbed to a vicious circle of self-interests among city workers, local politicians and state pension overseers.”

An interesting article about “Liberty” voters withing the GOP, from “The American Conservative” magazine.

Enjoy,
Stephen Kallestad
Northfield