On the US-Iran relationship, President Obama seems to be talking from both sides of his mouth.  From one side we hear promising messages of dialogue and a “new beginning” with Iran; from the other side provocative words that seems to be coming right out of the mouth of his predecessor, George W. Bush. For example, […]

Bail Out Homeowners, Create Trust, and Unfreeze Credit Markets The bailout scheme imposed by the United States government misrepresents the ongoing credit crunch as a problem of illiquidity, i.e. lack of cash.  In reality, the problem is a lack of trust due to widespread insolvency in the financial market.  In such an environment of widespread […]

The “rescue” plan is not only fraudulent, it is also the wrong medicine for the ailing economy. The Wall Street took the US (and the world) hostage and extracted a heavy ransom.  But while the enormous ransom was successfully extracted, there are no guarantees that the hostages will be set free from the shackles of […]

The popular perception of the recently skyrocketing oil price is that there is an oil shortage in global energy markets.  The perceived shortage is generally blamed on the Organization of Petroleum Exporting countries (OPEC) for “insufficient” production, or on countries like China and India for their increased demand for energy, or on both. This perception […]