America

Submitted by Paul Brodsky from Macro Allocation

Being Here

     “As long as the roots are not severed, all is well. And all will be well in the garden.”

      - Chauncey Gardner (Chance, the Gardner)

This piece takes a roundhouse swing at politics, real and imagined, and discusses critical economic issues that politicians should actually apply a little intelligence to, but are not. Capitalism will ultimately set things right, but it will have to overcome the political dimension’s best efforts to ignore real issues.

If you ever plan to attack Mike Rowe over Facebook then you better bring more than just a few "smug and snarky" comments to the table because anything less than a well-sourced, reasoned, fact-based argument might just earn you the same public humiliation that Rowe just dropped on Chuck Atkins.  Oh, and your grammar better be spot on too.

Authored by Charles Hugh Smith via OfTwoMinds blog,

Successful adaptation requires a willingness to accept the risks of experimentation, innovation, flexibility and failure.

Authored by Danielle DiMartino Booth via Bloomberg.com, 

The revival of the auto industry drove the factory sector out of recession; the flipside doesn’t look promising.

Federal Reserve data released last week on July industrial production offered little more than more of the same. Despite post-election optimism for a rebound in activity on the nation’s factory floors, the data reveal a continued throttling down in the growth rate to just over 2 percent compared with this time last year.

Authored by Tho Bishop via The Mises Institute,

Ever since entering the Senate, Rand Paul has continued his father’s work in advocating for an audit of the Federal Reserve. This week, writing for the Daily Caller, Senator Paul renewed his efforts, illustrating how the recent era of unconventional monetary policy has made an audit all the more important: