Henry Meyer and Ilya Arkhipov have post over at Bloomberg dealing with the mutual collapse of the ruble and possible slide of Putin’s internal credibility.
The meltdown of the ruble, which has plunged 18 percent against the dollar in the last two days alone, is endangering the mantra of stability around which Putin has based his rule. While his approval rating is near an all-time high on the back of his stance over Ukraine, the currency crisis risks eroding it and undermining his authority, Moscow-based analysts said.
This strikes me as very dangerous.
Read the whole thing.
He who refuses to do arithmetic is doomed to talk nonsense.
… just wait till it’s for free.
Forbes report that Obamacare has raised the cost of individual market premiums an average of 49%.
This podcast from the Cato Institute deals with how “non-profit” schools benefit the folks who run them rather than students or the public. Schools aren’t the only non-profit businesses that function as a gravy trains for a few insiders.
If you were to stack up a pile of dollar bills equal to the amount of the increase in the national debt thus far during the Obama Administration, it would be knocked over when the Moon hit it.
Commenters on the Left are now beginning to worry that the rollout of Obamacare has been and will continue to be so inept that too many of the
suckers public will become convinced it is was a scam all along or that the wonks are technical dilettantes rather than competent innovators or something else “bad.” This, they say, will allow the Right to run successfully against Progressivism as personified in Obama for a generation.
They may have a point. When I was a kid back in the ’50s, I remember Democrats who were still going on about Hoover.
Obamacare is going to be an expensive educational experience.
Let it burn.