With all the observations and criticism about Barack continuing to spike the ball over the anniversary of the OBL takedown and seeing this comment on a friends FB post

“leaders in the military are taught “I” if things go wrong, and “they” if things go right, only to have politicians say “I” if things go right, and “they” if things go wrong? That is TOO big of a fundamental difference between the two cultures!”

It reminded me of another old paper I had written back around 1984 that was entitled “Criminal Negligent – Kennedy and the Bay of Pigs”.  The Professor teaching this History class was a HUGE JFK fan and was constantly allowing her political slip to show. To tweak her a bit (ok, more than a bit) I wrote this paper for the class. It had to have irridated her no end to read it and in the end grade the paper and A

Criminal Negligent: Kennedy and the Bay of Pigs

This short paper was on Business Cycles. My analysis at the back of the paper seems pretty precient given what has happened over the past few years.

Depression – The Business Cycle

I love how I opened the paper with a quote from Keynesian economist Paul Samuelson since he unknowingly pointed out the reason we are in this current mess

“Nothing like the Depression should ever occur again. It it does, the fault will come from unwillingness to take action, from a fixed belief in the validity of certain theories, and from a hope that what worked in an earlier generation will also work well again.”

Yep, Keynesians believe that their theories dug us out of the Great Depression (while ignoring the fact the rest of the world was in shambles and therefore we had markets to sell to).  So who exactly has a “fixed belief in the validity of certain theories”?