Economic Predictions, Dr. Proscriptions

I had planned on a different topic for this post, but tonight I made the mistake of watching CNN covering the economic crisis in which we've found ourselves. Suze Orman and some other talking heads were explaining the great mystery of the failing banks. They pronounced that a year ago no one predicted this would happen (if anyone had, this could potentially upset those that took her fiscal advice...to the bank). Apparently we are in uncharted territory, playing a whole new ball game with new rules, and have no real explanation for what's happening around us and no obvious solutions. All we seem to know is that for some reason the housing market crashed and is taking down the major banks with it.



I will go out on a limb and say this is as deep an explanation as we are going to find from the mainstream media. But is Suze right? Did no one predict the housing crash, the failing of Fannie Mae and Freddie Mac, and the subsequent strains this would put on our economy and our dollar? Well, for those that still haven't heard: google Ron Paul.



Of course, he is the former presidential candidate that Rudy loved to laugh at during the debates. We now find him getting a little more respect and his tone a little more bold. Later in the night and as if sensing my CNN headache, the good doctor provided some relief by giving an interview on another CNN channel:

http://www.youtube.com/watch?v=ZvcgGp5mz_E

http://www.youtube.com/watch?v=O_RFIXcj4ik

Maybe we can get Suze to watch (or more importantly those that listened to her a year ago.)

It may not be pretty (yet), but here it is!

After months of promises and self-perpetuated hype, I present my first blog post. To kick things off, I present a simple list. Hopefully, this is just the first incarnation and presentation of this information.


The idea originally was to compress Rothbard's work into a graph that almost anyone could read and be impacted by in very little time. Along the way, the graph became a list, and I decided to update it past the 1984 presidential run right up to the present day. And seeing as today is the first day that we have both major presidential candidates officially nominated, (Hello, McCain and Obama, a.k.a, McBama!) there would seem to few better occasions.

Enjoy!