Economy of the United States

A community portal about Economy of the United States with blogs, videos, and photos. According to Wikipedia.org: The United States has the largest national economy in the world, with a GDP for 2006 of 13.3 trillion dollars. It is the world's foremost economic power. In this mixed economy, corporations and other private firms make the vast majority of microeconomic decisions, and governments prefer to take a minimal role in the domestic economy. Because of this, the U.S. has a small social safety net, and business firms in the U.S. face considerably less regulation than those in many other nations. The fiscal policy of the nation since the New Deal has followed the general ideals of Keynesian economics, which replaced Hamiltonian economics following the Great Depression. Neoliberal ideals have become more prominent since the presidency of Ronald Reagan and with the growing influence of globalization. Since the early 1980s, the United States has transformed from being the world's largest creditor to world's largest debtor. As of 2006, the gross external debt has exceeded 10 trillion dollars or 70% of GDP, and continues to grow fueled by large current account and federal government deficits.

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Michelle Muccio the Rebel Economist

Written by beckychr007 on

From: blogger.com

Why is it that all the hot female economists are the ones that are getting it right?

There is Diane Garnick....

and Meredith Whitney, the girl who saw through the Emperor's clothes at Citigroup.

And today allow me introduce Michelle Muccio—self-proclaimed Rebel Economist:

Does that sound like a plan to any of you?

Michelle is a product of George Mason University, which is something of a hotbed of libertarianism, having been founded by George Mason, the father of the Virginia Declaration of Rights, and whose bullheaded devotion to liberty, was largely responsible for the adoption of the first ten amendments to the federal Constitution—the Bill of Rights.

Mason was convinced from his readings in history that "there never was a government over a very extensive country without destroying the liberties of the people.”

That made him a rebel in the late eighteenth century, and it makes Michelle Muccio a rebel in the early twenty-first century---the very type of person whom Homeland Security has labeled a threat to the well-being of the federal government and the nation.

Michelle is currently working for the Acton Institute, named after Lord Acton, who is most famous for noting that “Power tends to corrupt, and absolute power corrupts absolutely.”

He also made such perceptive observations as:

“Liberty is not a means to a higher political end....it is itself the highest political end.” and...

“the most certain test by which we judge whether a country is really free is the amount of security enjoyed by minorities” and...

“the danger is not that a particular class is unfit to govern...every class is unfit to govern.”

The Acton Institute is a good place for Miss Muccio to be—but she is destined for much greater things. She has already started to be something of a darling of the mainstream media, and is a regular on Judge Andrew Napolitano's weekly Freedom Watch.

She does seem to be a bit of a Luddite---her only real web presence being a YouTube channel called rebel economist—consisting of two videos. And believe it or not--- she does not appear to Twitter.

However, Michelle is promising there is web page under construction, that will be up and running next week.

That's great.

What could be finer than a hot smart libertarian chick, with a degree in economics, who has a green belt in karate, and is a regular softball player?

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